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NHL, union discuss economics, plan more talks

Updated: May 12, 2005, 9:49 PM ET
Associated Press

NEW YORK -- Before the NHL and the players' association can agree on a new economic system, there must be a clear understanding of how teams report their finances.

Much of Thursday's five-hour meeting was spent on how teams determine how much money they make -- or lose. The meeting capped three days of talks that involved little true negotiating.

The owners and locked-out players immediately made plans for another three days of talks next week. The sides will convene ...

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