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Friday, May 20, 2005

nhl- CBA Meeting Wrap

via CP, The NHL and NHL Players' Association met Friday in New York for eight hours of CBA talks, following a marathon 14-hour meeting on Thursday.
NHL commissioner Gary Bettman and NHL Players' Association executive director Bob Goodenow met early Friday morning and decided to bring the two groups back to the table for yet another session.
''We had two long days of meetings in which the parties discussed and made progress on some of the key issues pertaining to a new economic system,'' said NHL executive vice president and chief legal officer Bill Daly. ''While we have not yet been able to reach agreement on those issues, we remain committed to continuing the process in earnest until a new Collective Bargaining Agreement can be achieved. The parties intend to stay in touch and we expect that new meetings will be scheduled for next week.''
After two days of small group meetings examining the financial practices of teams around the league, a larger group got together Thursday to examine the findings. The two sides hope to agree on what constitutes revenue in order to flesh out the union's April 4 offer. That system featured an upper and lower limit on team-by-team payrolls - a salary cap - which fluctuates year to year depending on revenues.