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Thursday, June 02, 2005

nhl- Deal within Reach

from the Toronto Star, The NHL and its players' union made more progress on key accounting issues yesterday — fuelling further optimism that a new collective bargaining agreement is within reach.
The second of two bargaining sessions in Toronto gets underway today with the two sides waiting for smaller bargaining groups to hammer out a formula for revenue reporting among the league's 30 teams.
A binding revenue formula is the key to moving the talks toward final negotiations, but after nearly 48 hours of meetings spread over five days — including nearly 12 hours yesterday — has failed to produce that vital agreement.
NHL commissioner Gary Bettman and union chief Bob Goodenow rejoin the talks today for full-blown negotiations. The NHLPA executive committee, chief legal counsels from the NHL and financial lawyers from both sides met yesterday in smaller groups.
The groups are apparently close to reaching settlement on the revenue issue and there was speculation in some quarters yesterday that they had in fact reached a settlement.
"Honestly, I haven't heard anything from our people (union) ... I don't know if people are playing it up, or if something is going on. ... If it is, great," said Leafs defenceman and player representative Bryan McCabe....more...