NEW YORK // Just when the slowing global economy was expected to diminish spending for NHL free agents, the Slovak wing Marian Hossa hit the open market again.
And instead of taking a discount on a one-year deal to take another shot at a Stanley Cup title with the Detroit Red Wings, Hossa cashed in a mega deal with the up-and-coming Chicago Blackhawks on Wednesday.
A few hours after the NHL free-agent season was open for business, the Blackhawks said goodbye to Martin Havlat and came to terms with Hossa on a 12-year, US$62.8million (Dh230m) deal.
It was the headline move on the first day of free-agent shopping.
The New York Rangers landed the second biggest prize, signing Hossa's countryman and high-scoring forward Marian Gaborik from the Minnesota Wild on a five-year, $37.5m contract.
Hossa left the Pittsburgh Penguins last summer to join the defending champion Detroit Red Wings - saying he believed that gave him the best chance to win the Stanley Cup. But the Penguins dethroned the Red Wings last month, leaving Hossa in second place again.
"Now I don't have to worry about dealing with it year-to-year. I'm set for 12 years. That will make it easier and I can focus on hockey," Hossa said.
After marathon negotiations in Sweden, the Vancouver Canucks finally reached matched deals to retain identical twins Henrik and Daniel Sedin on five-year, $30.5m contracts.
"We really like it in Vancouver and that's where we wanted to stay," Henrik said.
Defenceman Mattias Ohlund couldn't say the same as he left the Canucks after 11 seasons to sign a seven-year contract with the Tampa Bay Lightning. The 32-year-old played in 770 NHL games with the Canucks and is the team's career leader in goals by a defenceman with 93.
Montreal were busy signing former Calgary forward Mike Cammalleri to a five-year, $30m deal, and defencemen Jaroslav Spacek and Hal Gill. Spacek left the Buffalo Sabres for a three-year, $11.5m contract, and Gill was lured away from the Penguins by a two-year deal worth $4.5m.
Combined with Tuesday's six-player trade that brought centre Scott Gomez to the Canadiens from the Rangers, Montreal penned contracts worth $82.75. However, they did not retain defenceman Mike Komisarek, who signed a five-year, $22.5m deal with Toronto.
The Maple Leafs also added toughness by agreeing to terms with former Rangers enforcer Colton Orr on a four-year, $4m deal, with New York replacing him with former Washington Capitals forward Donald Brashear, the NHL's most-feared fighter.
In other moves, the star defenceman Scott Niedermayer made his return to the Anaheim Ducks official by agreeing to a one-year, $6m deal plus bonuses, forward Steve Sullivan re-signed with Nashville for two years, $7.5 million and the Capitals signed former Philadelphia Flyers forward Mike Knuble to a two-year deal worth $5.6m.
* AP
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
CREW
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
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Europe wide
Some of French groups are threatening Friday to continue their journey to Brussels, the capital of Belgium and the European Union, and to meet up with drivers from other countries on Monday.
Belgian authorities joined French police in banning the threatened blockade. A similar lorry cavalcade was planned for Friday in Vienna but cancelled after authorities prohibited it.