The CFL and CFL Players' Association will continue talks on a new collective bargaining agreement.

The two sides spoke in face-to-face and separate meetings for just over 12 hours on Wednesday at an airport hotel.

Afterwards league commissioner Mark Cohon told reporters that the CFL and the players' union would resume talks Thursday morning.

The present collective bargaining agreement is set to expire at midnight ET on Thursday.

The primary issue in these talks is revenue sharing. The union wants it to help determine the league-mandated salary cap but Cohon, who took part in Wednesday's talks, says revenue sharing would be detrimental to the league.

How these talks progress could determine whether CFL training camps open on time Sunday as union president Scott Flory has said players won't play under terms of the present CBA.

There has been one strike since the formation of the CFLPA in 1965. That was in '74 when three weeks of training camp were lost before new agreement was reached and no regular-season games were lost.

The 2014 regular season is scheduled to kick off June 26.