NHL extending isolation period for players and staff to April 6

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The reductions will be around 25 per cent and affect employees making more than about US$75,000, according to a person familiar with the matter. Bill Daly, the National Hockey League deputy commissioner, confirmed the cuts but declined further comment to Bloomberg.

The move applies to league personnel, such as NHL executives, not team staff members and players.

The NHL asked teams for building availabilities through the month of August (as also reported Tuesday evening by colleague Bob McKenzie on Insider Trading).

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The league has since established two competitive priorities - doing whatever it can to award a Stanley Cup this season, while not compromising its ability to hold a full campaign next year - and could potentially play into August now that the Tokyo Olympics have been postponed until 2021.

In a statement released on the Canadiens' official website, Groupe CH said the layoffs will take effect next Monday and are necessary given the significant impact the pandemic has had on the sports and entertainment industries. The organization says the fund will help enhance employment insurance benefits for eight weeks, ensuring that employees will receive 80 per cent of their base salary for that period. The fund will also be made available to provide loans to employees who find themselves in hard financial situations.

While the NHL is the first league to take such a step, the New Jersey Devils and Philadelphia 76ers, which are under the same ownership, put in place something similar. After listening To our staff and players, that was clearly the wrong decision. "We have reversed it and will be paying these employees their full salaries". This is an extraordinary time in our world - unlike any most of us have ever lived through before - and ordinary business decisions are not enough to meet the moment.

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