logo
WNBA players and league officials meet for CBA discussions during All-Star weekend

WNBA players and league officials meet for CBA discussions during All-Star weekend

Al Arabiya7 hours ago
WNBA players and league officials met Thursday before the start of the All-Star weekend festivities for discussions on a new collective bargaining agreement. All-Stars Caitlin Clark, Paige Bueckers, and Angel Reese were among about 40 players, most wearing business suits, who took part in the first face-to-face meeting featuring players since December. Players opted out of the current CBA last October and are seeking a better revenue sharing model, increased salaries, improved benefits, and a softer salary cap.
The sides are far apart in preliminary discussions and agreed to another meeting this weekend. 'I don't know that I'm going to say progress, but we had spirited conversation,' said Terri Carmichael Jackson, the executive director of the Women's National Basketball Players Association. If a deal isn't done by the end of October, some players, including Napheesa Collier and Reese, have mentioned the potential of a walkout, which could present some immediate problems. The league has two new teams in Portland and Toronto starting next season, and the expansion draft has typically been in December. Free agency usually starts in January. The league has never lost a game to a work stoppage since it started in 1997.
Jackson said the sides would eventually get to a new deal though wouldn't say if they got any closer to it Thursday. 'I think we're on track to get back to meeting and to engaging in conversations that will lead us to a CBA,' she said. Jackson said Thursday was the most players the union ever had in the room and was particularly impressed by the number of young stars such as Clark who have helped spark unprecedented growth across nearly every business metric from attendance and viewership. There's also the new 2.2 billion media rights deal that will start next season, and the league plans to expand to 18 teams by 2030 with each of the three new teams paying 250 million expansion fee. Players sent the league an initial proposal in February that the league finally responded to last month. Jackson believes the sides can overcome that slow start. 'I think we have plenty of time,' she said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Former Giants managing general partner, longtime lead Microsoft attorney Bill Neukom dies at 83
Former Giants managing general partner, longtime lead Microsoft attorney Bill Neukom dies at 83

Al Arabiya

time4 hours ago

  • Al Arabiya

Former Giants managing general partner, longtime lead Microsoft attorney Bill Neukom dies at 83

Former San Francisco Giants managing general partner Bill Neukom, a bow-tie loving longtime Microsoft attorney who was at the helm when the team won its first World Series title in 2010, has died. He was 83. The team announced Neukom's death Thursday. No additional information was provided. Neukom retired from his role following the 2011 season and after the Giants captured the 2010 World Series for their first of three every-other-year titles that included championships in 2012 and 2014. The 2010 victory marked the first for the team since moving West in 1958. 'Bill will always hold a special place in our hearts and in the history of this franchise,' Giants CEO Larry Baer said in a statement. 'He was instrumental in helping this organization and its players bring the first World Series Championship to San Francisco in 2010. Bill will always be remembered for not only his leadership of this storied organization but also his colorful bow ties and the fact he'd bring a glove to the ballpark to try and catch foul balls. He was a true gentleman, a dedicated fan and a friend to so many.' An avid runner who completed more than a half-dozen marathons, Neukom first joined the ownership group in 1995 and became a general partner in 2003. When Peter Magowan retired after the 2008 season, Neukom became managing general partner. He developed a catchphrase called 'The Giants Way' of playing baseball. 'My idea is that we adhere to it at the minor-league level and all the way up,' Neukom said when introduced in October 2008. 'It's how you play the game–conditioning, fundamentals, a rigorous spring training regimen–everything. We want the best talent, the best teachers, the best leaders, the best trainers and we want to have better communication on what we want and how we want it done.' After retiring, Neukom remained involved with the Giants as chairman emeritus. He grew up in nearby San Mateo rooting for the Giants and with then-San Francisco Seals owner Charlie Graham as a neighbor. Neukom also loved riding horses and stayed active despite undergoing hip replacement surgery during his Giants tenure. Serving as top counsel for Microsoft billionaire Bill Gates, Neukom was the company's lead lawyer for nearly 25 years. His Microsoft stake was worth an estimated 107 million when he left in 2001. He was a partner in the Seattle office of the law firm Kirkpatrick & Lockhart Preston Gates Ellis. He also was a past president of the American Bar Association, serving in 2007-08. Neukom also founded the World Justice Project in 2006, a multinational multidisciplinary initiative to strengthen the rule of law worldwide.

Trump offers regulatory relief for coal, iron ore and chemical industries
Trump offers regulatory relief for coal, iron ore and chemical industries

Al Arabiya

time6 hours ago

  • Al Arabiya

Trump offers regulatory relief for coal, iron ore and chemical industries

President Donald Trump is granting two years of regulatory relief to coal-fired power plants, chemical manufacturers, and other polluting industries as he seeks to reverse Biden-era regulations he considers overly burdensome. Trump issued a series of proclamations late Thursday exempting a range of industries that he calls vital to national security. The proclamations cover coal-fired power plants, taconite iron ore processing facilities used to make steel, and chemical manufacturers that help produce semiconductors and medical device sterilizers. The proclamations allow the facilities to comply with Environmental Protection Agency standards that were in place before rules imposed in recent years by President Joe Biden's administration, the White House said. Trump called the Biden-era rules expensive and, in some cases, unattainable. His actions will ensure that critical industries can continue to operate uninterrupted to support national security without incurring substantial costs, the White House said in a fact sheet. Trump's EPA had earlier exempted dozens of coal-fired plants from air-pollution rules for the same reasons. The EPA also offered other industrial polluters a chance for exemptions from requirements to reduce emissions of toxic chemicals such as mercury, arsenic, and benzene. An electronic mailbox set up by the EPA allowed regulated companies to request a presidential exemption under the Clean Air Act to a host of Biden-era rules. Environmental groups denounced the offer to grant exemptions, calling the new email address a 'polluters portal' that could allow hundreds of companies to evade laws meant to protect the environment and public health. Mercury exposure can cause brain damage, especially in children. Fetuses are vulnerable to birth defects via exposure in a mother's womb. Within weeks of the EPA's offer, industry groups representing hundreds of chemical and petrochemical manufacturers began seeking the blanket exemptions from federal pollution requirements. The Clean Air Act enables the president to temporarily exempt industrial sites from new rules if the technology required to meet them is not widely available and if the continued activity is in the interest of national security. In April, the EPA granted nearly 70 coal-fired power plants a two-year exemption from federal requirements to reduce emissions of toxic chemicals. A list posted on the agency's website lists 47 power providers–which operate at least 66 coal-fired plants–that are receiving exemptions from the Biden-era rules. EPA Administrator Lee Zeldin announced plans in March to roll back dozens of key environmental rules on everything from clean air to clean water and climate change. Zeldin called the planned rollbacks the most consequential day of deregulation in American history. An Associated Press examination of the proposed rollbacks concluded that rules targeted by the EPA could prevent an estimated 30000 deaths and save 275 billion each year they are in effect. The AP review included the agency's own prior assessments as well as a wide range of other research.

Federal Reserve's Waller says central bank should cut rates at next meeting
Federal Reserve's Waller says central bank should cut rates at next meeting

Al Arabiya

time6 hours ago

  • Al Arabiya

Federal Reserve's Waller says central bank should cut rates at next meeting

A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts. Christopher Waller, a member of the Fed's governing board, said in a speech in New York City that the economy is showing signs of weakening, with consumer spending slowing and job gains cooling. The Fed should reduce borrowing costs to shore up spending and growth before the job market weakens further, Waller said. The economy is still growing, but its momentum has slowed significantly, he said, adding that the slowdown threatens the Fed's goal of maximum employment. At the same time, President Donald Trump's sweeping tariffs are likely to only lift inflation temporarily and aren't a reason to postpone rate cuts, Waller said. Tariffs have boosted and will continue to boost inflation a bit above the (Fed's) 2 percent objective this year, Waller said, but policymakers should look through tariff effects and focus on underlying inflation, which he said is nearing the 2 percent goal. Waller has been mentioned as a potential replacement for Powell when the current chair's term expires in May 2026, or perhaps earlier if Trump takes the unprecedented step of firing Powell. Trump has threatened to fire Powell this year but on Wednesday said it was highly unlikely he would take such a step. For his part, Powell has said the Fed wants to see the impact of the duties on prices and the economy before making any moves. Waller, a Trump appointee, has previously said that he would support a rate cut in July. Michelle Bowman, also a Trump appointee, has also spoken in favor of a cut. Minutes to the Fed's June 17-18 meeting said that only a couple of the 19 members of the central bank's interest-rate setting committee supported a cut in July. Other participants – the minutes didn't say how many – said that the Fed should keep rates unchanged this year since inflation remains above 2 percent. Consumer prices rose 2.7 percent in June from a year ago, the fastest pace in four months. Other potential replacements for Powell have also publicly expressed support for cutting rates soon, including Kevin Warsh, a former member of the Fed's board who stepped down in 2011. Warsh, currently a fellow at the Hoover Institution, said on Fox News Sunday Morning Futures earlier this week that he supported rate cuts. 'The president's right to be frustrated with Jay Powell and the Federal Reserve,' Warsh said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store