Mataf nearly empty as entry to Makkah restricted to Hajj visa holders    Cinema revenues account for SR845.6 million in 2024 17 Saudi films among 504 films screened    Will US tariff hikes affect Saudi Arabia? Kingdom largely insulated as oil exports remain exempt and non-oil sectors gain a pricing edge    Expat arrested for immoral act at a massage center in Jazan    Saudi Transplant Congress discusses scientific advancements and innovations on organ donation and transplantation    Mawani and Alissa Universal Motors sign agreement worth SR300 million to establish Logistics Zone at King Abdulaziz Port in Dammam    Al-Khereiji at BRICS: Saudi Arabia a reliable and neutral partner in endeavors for de-escalating tensions    Saudi market shows resilience in Q1 2025 despite global volatility: Report    Saudi Arabia urges India and Pakistan to de-escalate tensions    Trump congratulates Canada's Carney as they agree to meet in 'near future'    Sánchez vows to uncover reasons behind massive Iberian power outage    Guterres warns two-state solution is 'near a point of no return'    Al Ahli stun Al Hilal to reach AFC Champions League Elite final    4 Chinese nationals arrested in Makkah for promoting fake Hajj campaigns    SR200,000 reward for each player of the Saudi club winning AFC Champions League title    William and Kate celebrate anniversary on Isle of Mull    HONOR KSA expands its presence with new flagship Experience Store in Riyadh HONOR's first flagship store in KSA provides visitors with a premium experience, exciting offers and free services    Rock & Roll Hall of Fame picks Outkast but not Oasis    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Al Ahli cruise past Buriram into AFC Champions League Elite semi-finals    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    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.



NHL negotiations resume
Published in The Saudi Gazette on 07 - 10 - 2012

TORONTO — A day after the opening two weeks of the National Hockey League (NHL) season were canceled, owners and players quietly returned to the bargaining table Friday, fanning hopes a new collective bargaining agreement might be in reach.
The NHL confirmed on its website that commissioner Gary Bettman and deputy commissioner Bill Daly met with the head of the NHL players association (NHLPA) Donald Fehr and his chief lieutenant and brother Steve Fehr at the union's headquarters in downtown Toronto.
“Yes we had a meeting,” said Daly. “Nothing else to report at this time.”
There were no specifics about what topics were discussed or when the next meeting will take place.
Details were sparse but the fact the leaders were once again at the negotiating table was seen as positive sign after a week of bad news and heated rhetoric.
The meeting was the first since talks broke off Tuesday in New York, which was followed by the league announcement Thursday that it was cancelling regular season games. The 82 games wiped off the schedule marked the first time regular season action was canceled since a lockout wiped out the entire 2004-05 season.
The NHL imposed a lockout, which essentially halted all league operations, when the previous collective bargaining agreement expired 19 days ago with the owners and players at odds over how to divide a $3.3 billion revenue pie.
The NHL, which enjoyed record-breaking revenues last season, had most recently offered its players a six-year deal, with an initial 49 percent share of revenues dipping to 47 percent over the term of the agreement.
Players received 57 percent of revenue under the old deal.
The latest proposal from the players' union was tied to projected future revenues with players willing to take a smaller slice of the pie as the league grows. The union's offer opened with players earning 54.3 percent of revenues, dipping to 52.7 percent.
The league had already said it would lose about $100 million in revenue from its earlier decision to scrap the entire two-week preseason schedule.
Over 100 players, including Washington Capitals' captain Alex Ovechkin and the league's most valuable player Evgeni Malkin of the Pittsburgh Penguins, have since signed deals to play in Europe while the NHL sorts out its fourth work stoppage in 20 years. — Reuters


Clic here to read the story from its source.