The latest twist in the path of NHL participation at the next Olympics has hit a dead-end.

The NHL Players' Association formally rejected the league's proposal to allow players to participate in the 2018 Olympics in exchange for an extension to the current collective bargaining agreement.

NHLPA executive director Don Fehr said that the players, primarily the executive board, showed no interest in the idea.

"So hopefully we'll still be able to conclude an agreement to go to the Olympics," Fehr told The Canadian Press in an exclusive interview. "We still think it's important and we'll go from there."

The NHL proposed the idea to the players' association in the course of discussions last month.

Under the plan, the NHL would green light participation in the 2018 Pyeongchang Games if the players agreed to extend the current contract by three years and eliminate a potential opt-out clause in the fall of 2019.

Had the players agreed, the CBA would have been extended to 2025, transforming it from an eight-year pact with an opt-out option to 10 years with three added on top of that.

Conversation among players 'very short'

The conversation among players was "very, very short", Fehr said.

There was no appetite to extend the agreement for nine more seasons (including this one) in what would effectively be the career lifespan of most players in the league today. There were elements of the current agreement, he noted, that the PA wanted to further examine before it got into bargaining, including the escrow system.

"You've got to understand," Fehr said. "For us to get into bargaining, you have to go back to the players and you've got to do the basic things. 'Here's all the basic provisions of the agreement. Here's what happened since the last time. This is what might need to be changed or modified."'

"Then you have to discuss (that) with the players," he continued. "You've got to figure out what they want. Then you would have to enter into discussions (with the league) and see if there was anything there."

To go through that exhaustive process in a matter of weeks with only the Olympics in return was not realistic.

League officials did not immediately respond to an email seeking comment.

NHL players have participated in the last five Olympics and hope to return in 2018.

Concerns have bubbled this time around, partly as a result of policy changes under International Olympic Committee president Thomas Bach.

He has been resistant to continuing to fund (along with the International Ice Hockey Federation) out-of-pocket payments for NHL players (insurance, travel, accommodation primarily) to attend the Games.

The IOC and IIHF have covered these costs, upwards of US$10 million according to NHL commissioner Gary Bettman, since 1998 when the NHL first began attending the Games. Bach recently told the Olympic channel that "it is in the interest of both (the IIHF and NHL) and also of the IOC to have the best players at the Olympic Games" noting that "all the rational arguments are speaking in favour of participation."

NHL owners are wary of shutting down their season for two-plus weeks in February to accommodate the Olympics, what with the requisite scheduling changes and potential for injury. There's also a considerable time change in South Korea, which could hurt North American viewership.

"I can't imagine the NHL owners are willing to pay for the privilege of shutting down for 17 days," Bettman told attendees of the PrimeTime Sports Management Conference in Toronto last month. "I just don't see that."

IIHF says it can find money needed

IIHF president Rene Fasel said recently that the federation could find the money to fully cover the out-of-pocket payments, somewhat dulling the NHL's stance regarding the money issue.

Because Olympic participation requires the NHL to condense its schedule, the league intends to settle the matter soon. The schedule for the 2017-18 season is currently in the early stages of being crafted and Bettman said recently that a decision one way or the other was needed by early January.

The NHL didn't come to an agreement regarding the 2014 Olympics until July 2013.

The NHL board of governors will meet next week in Florida where it's expected that Olympic participation will garner considerable discussion.

Players have long been vocal proponents of the NHL's participation in the Olympics. Washington Capitals captain Alex Ovechkin has said that he would attend in 2018 whether the NHL was involved or not.

Asked if he had a sense for whether players would ultimately attend, Fehr said: "I think the discussions that we have been having are worth continuing. That's all I can say."