Saudi Arabia, Canada hold first political consultations in Ottawa    Saudi Gazette publishes full text of new foreign property ownership law The law grants non-Saudis broader real estate rights under defined conditions while imposing restrictions in Makkah and Madinah    Saudi anti-graft authority investigates 425 employees, detains 142 in July corruption cases    US envoy Witkoff visits Gaza aid distribution site as starvation crisis deepens    Saudi Arabia's real GDP grows 3.9% in Q2 2025 on broad-based economic expansion    New Murabba, Alat sign MoU to develop next-gen vertical transport for The Mukaab    Over 1.2 million Umrah pilgrims arrive in Saudi Arabia since Dhul Hijjah 15    Iran drives out 1.5 million Afghans, with some branded spies for Israel    Kyiv toll rises to 26 after wave of Russian strikes defies Trump ceasefire demand    Young Ukrainians get their way as Zelensky overturns law to defuse crisis    Sotheby's returns Buddha jewels to India after uproar    Riyadh Film Music Festival returns with live orchestral performances of iconic movie scores    Nissan Formula E Team celebrates a landmark season 11 with proud Saudi sponsor Electromin    Qiwa sets 60-day window before reporting worker as absent under new contract rules    Saudi, Russian energy ministers discuss oil market and joint committee plans    Fahad bin Nafel steps down as Al Hilal president after historic six-year run    João Félix unveiled by Al Nassr as €50m move marks bold new chapter in Riyadh    Saudi Arabia approves first Alzheimer's treatment with lecanemab for early-stage patients    Chris Tucker, Pete Davidson and Aziz Ansari among stars set for Riyadh Comedy Festival    Al Nassr beat Benfica to €50m João Félix signing after Ronaldo, Jesus intervene    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Another NHL lockout looms
Published in The Saudi Gazette on 15 - 09 - 2012

NEW YORK — With only two days left to avoid another damaging NHL lockout, players and owners huddled in separate circles to discuss what now seems inevitable.
One day after the NHL and the players' association swapped proposals each hoped would result in a new collective bargaining agreement, the sides held internal meetings and gave no indication that a deal was anywhere close.
NHL Commissioner Gary Bettman stuck to his vow that players will be locked out late Saturday if a new CBA isn't hammered out before then.
In case anyone doubted his resolve, Bettman said he received unanimous support from the board of governors Thursday to shut down the league for the second time in eight years.
“We have been clear that the collective bargaining agreement, upon its expiration, needs to have a successful agreement for us to move forward,” Bettman said Thursday. “The league is not in a position, not willing to move forward with another season under the status quo.”
The players turned out in force just a few blocks away at another midtown Manhattan hotel. Solidarity was evident, but optimism wasn't. Late Thursday, the sides hadn't been in contact since talks broke off Wednesday, and no new negotiations were scheduled.
The last labor stoppage caused the cancellation of the entire 2004-05 season, a lockout that ended only when players accepted a salary cap and a 24 percent rollback of salaries.
“Right now it's not looking great,” said Pittsburgh Penguins star Sidney Crosby, who was just 17 when the last lockout ended, “but things can change pretty quickly.”
Following lockouts last year by NBA and NFL owners, Bettman says NHL management is determined to come away with economic gains, even if it forces the league's fourth work stoppage since 1992.
“Two other leagues — the NBA and the NFL — their players have recognized that in these economic times there is a need to retrench,” Bettman said after a two-hour owners' meeting.
Training camps are scheduled to open next Friday and the season is slated to start on Oct. 11. Damage from a lockout will occur almost immediately, and there is no telling how jilted fans and sponsors will react to another shutdown.
“One of the questions that needs to be asked is, if indeed they lock out, if indeed they do do that, (whether) that is reasonably calculated to make a deal more likely or less likely?” union head Donald Fehr said. “I think you can figure out the answer.”
Players currently receive 57 percent of league-related revenue, and the owners want to bring that number down as far as perhaps 47 percent — which is an increase from their original offer of 43 percent. The union offered a deal based on actual dollars, seeking a guarantee of the $1.8 billion players received last season.
Annual industry revenue has grown from $2.1 billion to $3.3 billion under the expiring deal. Owners asked players to cut their share of league-related revenue during a six-year proposal. Players are concerned management hasn't addressed the league's problems by re-examining the teams' revenue-sharing formula.
Having made several big concessions to make a deal in 2005, the union doesn't think it should have to make more this time after a period of record financial growth. The average player salary also jumped from $1.45 million to $2.55 million over the course of the current agreement. — AP


Clic here to read the story from its source.