The Rugby Players' Association says it is still pushing for a way to avoid the Otago union going into liquidation.
The union's board says it will fold on Friday owing more than $2.3 million after the New Zealand Rugby Union decided to withdraw financial support.
Some supporters and businesses owed money by the union say the liquidation is inevitable.
But players' representative Rob Nicholl says the players have told him to do everything in his power to get a resolution, even if it means cuts to their pay and conditions.
Rob Nicholl says if the union folds everybody loses so a last-ditch effort must be made by all the parties involved.