Latest news with #CBA
Wall Street Journal
2 hours ago
- Business
- Wall Street Journal
Asian Currencies Consolidate; U.S. Steel, Aluminum Tariffs May Buoy
0036 GMT — Asian currencies consolidate against the dollar in the morning session, but may be buoyed by President Trump's announcement to double U.S. tariffs on imports of steel and aluminum to 50% from June 4. 'The USD is at the lower end of fair value, according to our metrics,' three members of CBA's Global Economic & Markets Research say in a research report. 'The risk is U.S. trade policy changes pull the USD below the fair value range,' the members add. The ICE USD Index is down 0.1% at 99.20; USD/JPY edges 0.1% lower to 143.67; USD/PHP is little changed at 55.80. (
USA Today
2 hours ago
- Business
- USA Today
MLS players want fair share of Club World Cup prize money. Here's how one club protested.
MLS players want fair share of Club World Cup prize money. Here's how one club protested. Show Caption Hide Caption FIFA Club World Cup will set stage for big things in United States The FIFA Club World Cup is set to take the global stage and two legendary managers explain how it will have an impact on fans and the 2026 World Cup. Sports Seriously Major League Soccer players want more money for participating in the FIFA Club World Cup later this month, but say they have received pushback from the league in their efforts. Seattle Sounders players wore shirts with the phrases 'Club World Cash Grab' and 'Fair Share Now' during pregame warmups Sunday before their match against Minnesota to demand a fair share of the Club World Cup prize money their club will earn during the tournament later this month. Three MLS clubs — Seattle, Lionel Messi's Inter Miami and Los Angeles FC — will represent the league in the tournament, which begins June 14 and will be hosted in the United States. FIFA's Club World Cup boasts a $1 billion prize pool — $475 million disbursed based on performance, and $525 million given to participating teams. The winner will take home at least $125 million. The MLS teams will make at least $9.5 million just for participating, while wins during each stage of the tournament will only drive up the possible earnings. However, MLS players earn 50 percent of money earned from outside tournaments — capped at $1 million, according to the league's collective bargaining agreement. The MLS Players Association released a statement shortly after the Sounders players display. 'The MLSPA and all MLS players stand united with the Seattle Sounders players who tonight demanded a fair share of the FIFA Club World Cup prize money,' the statement read. 'FIFA's new tournament piles on to players' ever-increasing workload without regard to their physical well-being. In order to seize this additional calendar territory, FIFA had to commit historic amounts of prize money to secure club and player participation. As a result, MLS will receive an unprecedented financial windfall. 'Despite this windfall, the league has refused to allocate a fair percentage of those funds to the players themselves. 'For months, the players have privately and respectfully invited the league to discuss bonus terms, yet MLS has failed to bring forward a reasonable proposal. Instead of recognizing the players who have brought MLS to the global stage, the league – which routinely asks the (player association) to deviate from the (collective bargaining agreement) – is clinging to an out-of-date CBA provision and ignoring longstanding international standards on what players typically receive from FIFA prize money in global competitions. 'It is the players who make the game possible. It is the players who are lifting MLS up on the global stage. They expect to be treated fairly and with respect.' Messi and Inter Miami will play in the Club World Cup opener against Egyptian club Al Alhy on June 14 in Miami. Inter Miami will also play FC Porto (Portugal) on June 19 in Atlanta, and SE Palmeiras (Brazil) on June 23 in the group stage. The Sounders will play all three of their group stage matches at home in Lumen Field in Seattle. They'll face Botafogo (Brazil) on June 15, Atletico Madrid (Spain) on June 19, then Paris Saint-Germain (France) on June 23. LAFC became the last team to enter the Club World Cup after a thrilling 2-1 win against Liga MX standouts Club America on Saturday night. They will face Chelsea (England) in Atlanta on June 16, Espérance (Tunisia) in Nashville on June 20 and CR Flamengo (Brazil) in Orlando on June 24 during the group stage. The biggest stories, every morning. Stay up-to-date on all the key sports developments by subscribing to USA TODAY Sports' newsletter.
Newsweek
6 hours ago
- Sport
- Newsweek
Trae Young Sparks Buzz With Mysterious Post Amid Trade Rumors
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The NBA offseason is almost upon us. While the NBA Finals will commence this week between the Indiana Pacers and the Oklahoma City Thunder, there are a ton of storylines in the NBA. More NBA news: Trae Young Takes Massive Shot at Knicks Fans During Thunder-Nuggets Game 7 This NBA offseason could be one of the biggest to date, with numerous moves on the horizon for many teams looking to make significant changes. With parity now in the fold within the league, many teams feel that they are just a move or two away from competing for a title. There are a handful of teams that believe they can do so next season, but one of those teams likely not in the mix is the Atlanta Hawks. The Hawks have a multitude of ways they could go this summer, and one of those moves could be centering their superstar guard Trae Young in a potential trade. Young has been in the trading block for some time now, and this summer could be the one in which he finds himself with a new team. The rumors of where he could land will be swirling, but in the meantime, Young seems to have other things on his mind. The 26-year-old posted a cryptic video on X, hinting at something that could potentially happen. More NBA news: Knicks Staff Reportedly Losing Patience With Karl-Anthony Towns Trae Young #11 of the Atlanta Hawks looks on during the second half of an NBA play-in tournament game against the Orlando Magic at Kia Center on April 15, 2025 in Orlando, Florida. Trae Young #11 of the Atlanta Hawks looks on during the second half of an NBA play-in tournament game against the Orlando Magic at Kia Center on April 15, 2025 in Orlando, Florida. Photo byThe Hawks find themselves in a fascinating, albeit complicated, position. While much of the spotlight will naturally fall on Young, Atlanta has several key decisions looming that extend well beyond their star guard. With their offseason direction still uncertain, any major move they make could reshape the franchise's short-term outlook and long-term path. Beyond Young, players like Dyson Daniels, Zaccharie Risacher, Jalen Johnson, and Onyeka Okongwu are all likely to factor into the front office's plans this summer. Given the structure of the current Collective Bargaining Agreement (CBA) and the financial constraints introduced by the apron rules, the league could see an uptick in multi-team deals — a trend that plays right into Atlanta's potential to get creative this summer. Armed with some financial flexibility and a roster in need of fine-tuning, the Hawks are positioned to be active players in the trade market. Whether it's shoring up their interior defense, adding depth up front, improving their shooting, or finding a reliable secondary ball-handler, Atlanta has the tools to explore a range of possibilities. The potential loss of Young will send the team in a clear direction, and after seven seasons in Atlanta, that move is highly likely for both sides. More NBA news: Pacers' Tyrese Haliburton Savagely Trolls Knicks Following Playoff Win NBA Finals Set to Feature Uncommon Matchup Missing for Almost Two Decades For more Hawks, NBA news and rumors, head on over to Newsweek Sports.
Sydney Morning Herald
7 hours ago
- Business
- Sydney Morning Herald
League's player transfer system is broken. Here's how to fix it
The scenario mightn't be ideal, but the legal protection is greatly in the player's favour. When a player wants out 18 months early, as Galvin did, he suddenly goes from the $250,000 he is on this year and $350,000 next year to $750,000. The club is not protected in that instance when they identify and sign a teenager with potential. It's a one-way street. Newton talks about players 'legally protecting their futures'. Clubs can do that too Clint. He's hiding behind legalities. The truth is, the rule is widely open to manipulation - and the Galvin case proved it. Start agitating, keep agitating, make it untenable, it becomes headlines, the matter comes to a head and then, bang, the player is gone to a rival club a full 17 months before his contract ends. It stinks. Three-year deals become volatile at the start of the second year in a never-ending merry-go-round. He says clubs 'shoulder-tapping players rarely gets a mention in the media'. Newton mustn't read nor own a radio or TV. Here are some players who've been 'shoulder-tapped' recently - Terrell May (Roosters), Josh Addo-Carr (Bulldogs); Brandon Smith (Roosters) and Ben Hunt (Dragons). All received widespread media attention. In May's case, his weird exit from the Roosters on the basis he's a 'weird cat' still is. What's Newton talking about? As said earlier, he's talking rubbish and it's a deflection. In the acrimonious 2023 Collective Bargaining Agreement, proposed changes to the November 1 rule fell by the wayside as other issues held sway. The clubs saw it as a missed opportunity and are banding together to present a better case next time around. The current CBA ends at the completion of the 2027 season, at the same time the current TV rights deal ends. A new rights deal for 2028 and beyond will be in place sooner than later. With more money meaning a higher salary cap, a new round of CBA negotiations will take place well before the end of 2027. NRL CEO Andrew Abdo is currently assembling a collection of league heavyweights to form a committee to tackle many issues facing the game. The committee will include a selection of club CEOs, chairs and football managers as well as other influential figures. 'Start agitating, keep agitating, make it untenable, it becomes headlines, the matter comes to a head and then, bang, the player is gone' At the head of the agenda is a new player transfer plan to replace the November 1 rule. The committee will also look at the salary cap and rules in general. Any spike in the cap off the back of the rights deal must go hand-in-hand with the scrapping of November 1. It must be a non-negotiable. In 2023, the NRL's preferred transfer model it took into the CBA negotiations was broken down into two parts. Firstly, players in the final year of their NRL playing contract could not enter into a deal with a rival club until after June 30 of the final year of the contract, unless granted special written permission by the current club. Secondly, there would be two contract windows for players not in their final year. Window 1 would be from November 1 until the first round of the next season, where players could negotiate a release with their incumbent club and join a rival club immediately for the coming season. It would include players with multiple years left on their deal. In other words, an immediate transfer. Window two allows for in-season transfers. It would begin after round ten and conclude on June 30. Short and sharp. Abdo's committee will refine that plan. There is a genuine determination in club land to get transfers right and that the next CBA will not end with the current November 1 rule in place.
The Age
7 hours ago
- Business
- The Age
League's player transfer system is broken. Here's how to fix it
The scenario mightn't be ideal, but the legal protection is greatly in the player's favour. When a player wants out 18 months early, as Galvin did, he suddenly goes from the $250,000 he is on this year and $350,000 next year to $750,000. The club is not protected in that instance when they identify and sign a teenager with potential. It's a one-way street. Newton talks about players 'legally protecting their futures'. Clubs can do that too Clint. He's hiding behind legalities. The truth is, the rule is widely open to manipulation - and the Galvin case proved it. Start agitating, keep agitating, make it untenable, it becomes headlines, the matter comes to a head and then, bang, the player is gone to a rival club a full 17 months before his contract ends. It stinks. Three-year deals become volatile at the start of the second year in a never-ending merry-go-round. He says clubs 'shoulder-tapping players rarely gets a mention in the media'. Newton mustn't read nor own a radio or TV. Here are some players who've been 'shoulder-tapped' recently - Terrell May (Roosters), Josh Addo-Carr (Bulldogs); Brandon Smith (Roosters) and Ben Hunt (Dragons). All received widespread media attention. In May's case, his weird exit from the Roosters on the basis he's a 'weird cat' still is. What's Newton talking about? As said earlier, he's talking rubbish and it's a deflection. In the acrimonious 2023 Collective Bargaining Agreement, proposed changes to the November 1 rule fell by the wayside as other issues held sway. The clubs saw it as a missed opportunity and are banding together to present a better case next time around. The current CBA ends at the completion of the 2027 season, at the same time the current TV rights deal ends. A new rights deal for 2028 and beyond will be in place sooner than later. With more money meaning a higher salary cap, a new round of CBA negotiations will take place well before the end of 2027. NRL CEO Andrew Abdo is currently assembling a collection of league heavyweights to form a committee to tackle many issues facing the game. The committee will include a selection of club CEOs, chairs and football managers as well as other influential figures. 'Start agitating, keep agitating, make it untenable, it becomes headlines, the matter comes to a head and then, bang, the player is gone' At the head of the agenda is a new player transfer plan to replace the November 1 rule. The committee will also look at the salary cap and rules in general. Any spike in the cap off the back of the rights deal must go hand-in-hand with the scrapping of November 1. It must be a non-negotiable. In 2023, the NRL's preferred transfer model it took into the CBA negotiations was broken down into two parts. Firstly, players in the final year of their NRL playing contract could not enter into a deal with a rival club until after June 30 of the final year of the contract, unless granted special written permission by the current club. Secondly, there would be two contract windows for players not in their final year. Window 1 would be from November 1 until the first round of the next season, where players could negotiate a release with their incumbent club and join a rival club immediately for the coming season. It would include players with multiple years left on their deal. In other words, an immediate transfer. Window two allows for in-season transfers. It would begin after round ten and conclude on June 30. Short and sharp. Abdo's committee will refine that plan. There is a genuine determination in club land to get transfers right and that the next CBA will not end with the current November 1 rule in place.
