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Jazz Agree To Extend Joe Ingles’ Deal By One Year


The Utah Jazz have agreed to a one-year contract extension with Joe Ingles, Adrian Wojnarowski of ESPN reports. The extension will take effect for the 2021-22 season given that Ingles has two more years left on his current deal.

Ingles has become a vital piece of the core that the Jazz have assembled and averaged 12.1 points and 5.7 assists per game for the franchise last season. He’ll earn $14 million in the extension season.

Ingles inked a four-year, $52 million pact with the franchise back in the summer of 2017 and the 32-year-old hasn’t disappointed. Ingles is a veteran presence and versatile forward.





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Fashion

Brexit paralysis continues as MPs fail to vote for deal, PM to try again on Monday


Last week’s Brexit deal and Saturday’s Parliamentary vote have left the UK retail sector back where it has been for the last almost-three-and-a-half years: facing an uncertain future as consumers shun discretionary purchases, businesses hold back on taking investment decisions and the economy declines further.

Brexit remains unresolved but Boris Johnson will try another vote on Monday

The British Retail Consortium and British Fashion Council haven’t yet commented on the impasse that the weekend delivered, although with another vote on the deal on Monday, that’s no surprise.

But retail is clearly growing impatient with the endless waiting, On Friday, Lord Stuart Rose, who previously ran Arcadia and M&S and who had been a key part of the official Remain campaign, had urged MPs to back the deal, telling the BBC’s Today programme: “This isn’t ideal. But this is I think now today the best deal we’ll get, and certainly it is better than a hard Brexit. I am remainer, but I’m also a realist, a pragmatist. We’ve just got to move on. We’ve got to reflect on the pros and cons put, aside our differences, and think the bigger picture and purpose.”

While many think the same way, on Saturday, a majority of MPs found themselves unable to support a deal that was very similar to the previously-rejected Theresa May deal, which incidentally was one Prime Minister Boris Johnson had himself voted against three times.

It meant that Johnson was legally obliged to ask for an extension of Britain’s EU membership, despite having previously said the country would exit the trading bloc on October 31 “do or die”. But in asking for the extension he managed to confuse things further, sending an unsigned letter requesting it, while also sending the EU a separate letter saying he didn’t really want an extension.

Extension or not, it means that as UK retail works its way through what used to be known as its ‘golden quarter’ due to the large numbers of sales and the big chunk of profits it generated, the prospects are bleak. If nothing is agreed this week, it would be the fourth Christmas shopping season to be blighted by Brexit uncertainty.

Two retail businesses went into administration on Friday — Bonmarché and Watt Brothers — with the former directly blaming that uncertainty for many of its problems. And it’s not the only retailer to have done so with many of its peers also bemoaning the paralysis that Brexit seems to have caused in the consumer economy.

As mentioned, Boris Johnson will be back for another try at getting his deal through Parliament on Monday. Will it get through? Many Brexit-supporting MPs who’d previously voted against Theresa May’s deal have decided Johnson’s deal is OK because it was negotiated by one of their own, but it’s still unclear whether has the numbers he needs. However, on Sunday, Foreign Secretary Dominic Raab said he was confident that enough MPs would back the deal this week.

If that happens, it would mean the UK ‘leaving’ the EU imminently, although there would be a period stretching to the end of next year when much of the business between the country and the EU will go on as usual while a future relationship is negotiated. 

After that, the UK’s trading relationship with the EU is likely to be less favourable than it has been since the country joined the bloc. The Governor of the Bank of England last week said that the PM’s deal would be a “net economic positive” and better than a no-deal Brexit. But he added that the deal might not help the economy as much as Theresa May’s agreement would have done. And of course, the Bank of England’s position has also been that Brexit would dent the UK economy, even with a deal.

Copyright © 2019 FashionNetwork.com All rights reserved.



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Fashion

UK Lawmakers Vote to Delay Decision on Johnson’s Brexit Deal | News & Analysis


LONDON, United Kingdom — Boris Johnson is under pressure to ask the European Union to postpone Brexit after Parliament refused to approve the deal the prime minister negotiated.

At a rare Saturday sitting, members of parliament voted to delay a decision on the agreement Johnson reached in Brussels this week until he has got the legislation that enacts it through parliament.

That leaves Johnson obliged by law to send a letter to Brussels requesting that Britain’s departure be delayed until January 31.

Speaking after the vote, Johnson said that he will not negotiate a delay with the EU.

But he still has a chance to deliver his pledge to get Britain out of the EU by the end of the month. A Withdrawal Agreement Bill will be put before parliament next week, and it could begin its journey into law as soon as Tuesday.

The question then will be, as it was on Saturday morning, whether Johnson has the votes to push it through. The day saw Conservative MPs, both current and almost all those he expelled last month, saying they’d vote with him, as well as a small number of Labour MPs. If he can hold that coalition together for two weeks, he might have a chance.

If he fails, the country will be plunged into an unprecedented political crisis. The possible outcomes range from delaying Brexit — allowing time for a general election or a second referendum on leaving — to a chaotic and economically damaging departure from the bloc without a deal in just 12 days’ time.

If Johnson tries to circumvent the legislation forcing him to seek a delay, as his aides have previously threatened, he is almost certain to face legal challenges that could end up in the UK Supreme Court.

That makes it likely he will ask for an extension, something that would require the unanimous agreement of EU leaders.

On Friday, French President Emmanuel Macron said one shouldn’t be granted. But EU officials say that despite Macron, who made similar noises before approving a Brexit delay in April, it’s unlikely that he or any other leader would refuse another one, particularly if the UK was headed for a general election.

If attempts to stop a no-deal Brexit fail, the consequences for Britain are likely to be severe. According to the government’s own analysis, a chaotic no-deal Brexit would cause disruption to trade, financial services, and food supplies, and risk civil disorder.

By Robert Hutton and Kitty Donaldson; editors: Tim Ross, Edward Evans, James Amott.



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Hockey

Devils, Nico Hischier reach 7-year, $50.75M deal


Cross another big name off the list of restricted free agents next summer: Center Nico Hischier and the New Jersey Devils have come together on a seven-year deal worth $50.75 million.

Hischier, 20, was the first overall pick in the 2017 NHL draft. He has two assists in six games this season, having missed Thursday’s victory over the Rangers with an injury. The Swiss-born center has 37 goals and 64 assists in 157 career NHL games.

“I like the direction the organization is going in, and the confidence they give me is all a player can ask for,” Hischier said. “We have a young, exciting team, and I am driven to try my best to help the team succeed every day. I was really welcomed here from day one, and I have always felt that I wanted to be part of the Devils.”

General manager Ray Shero said he is glad to have Hischier’s deal done.

“Nico is a special person who possess a team-first mentality combined with an inner drive to succeed,” Shero said. “The entire organization is thankful to him and his family for believing in our future. We are excited that he will continue to play a prominent role with us for many years to come.”

The contract carries an average annual value of $7.25 million. The first season (2020-21) has a base salary of $7 million; Hischier will make $8.5 million in the final season (2026-27).

Hischier joins several young NHL players who have signed contract extensions ahead of restricted free agency in June 2020. That includes Chicago forward Alex DeBrincat (three years, $6.4 million AAV), Arizona’s Clayton Keller (eight years, $7.15M AAV), Ottawa defenseman Thomas Chabot (eight years, $8M AAV) and Colorado defenseman Samuel Girard (seven years, $5M AAV).

This trend comes after last summer’s restricted free-agent tension, as several star players waited until weeks before the season to sign. One of those players — Carolina’s Sebastian Aho — inked an offer sheet with Montreal that was later matched by the Hurricanes.

With Hischier signed, the Devils have secured a part of their foundation, but the question remains whether winger Taylor Hall — Hischier’s linemate — will remain a part of that foundation. Hall is due to be an unrestricted free agent next summer, and would be coveted if he hits the market.

Information from The Associated Press was used in this report.



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Business World

GM And United Auto Workers Reach Tentative Deal To End Massive Strike



The United Auto Workers union announced Wednesday that it reached a tentative agreement with General Motors that could end a monthlong strike by nearly 50,000 workers.

A union council still needs to sign off on the package brokered by top union negotiators before the longest auto strike in a generation is called off. If the council approves it, it would go to the full membership for a ratification vote.

The strike could end as early as Thursday, when the council is set to meet. But union leaders may decide to continue the work stoppage until members officially ratify the proposal, which could take days.

GM employees walked off the job on Sept. 16, shortly after their previous contract with the company expired. Since then they have forgone hundreds of millions of dollars in wages, while GM lost more than an estimated $1 billion in profits due to the work stoppage. The workers have maintained picket lines day and night at every unionized GM facility in the U.S.

By presenting an offer to the council for approval, the union’s negotiating team may feel they have moved the company as far as they can. Indeed, previous updates from the union and GM suggested they had made progress on key sticking points, including a pathway to permanent employment for temporary workers.

The two sides had been hung up for weeks on the pay scale for newer GM workers and a commitment to keep work inside U.S. plants, according to letters the UAW sent to members in October.

But the fact that the negotiating team has reached a possible deal does not mean the workers will approve it. In 2015, UAW members rejected a tentative four-year deal reached with Fiat Chrysler, which, like GM now, was the first of Detroit’s Big Three to bargain that year with the union. The no vote forced the union back to the bargaining table to secure a better agreement that pleased members.

The UAW may decide to keep the strike going until ratification is complete, just to avoid a messy situation in which the work stoppage ends but workers reject the proposal.

Many workers told HuffPost they still remembered the sacrifices the union made a decade ago when GM was facing bankruptcy, and they expected a larger share of the pie now that GM was doing so well. The company had pre-tax profits of nearly $11 billion last year.

As for GM, the company was intent on keeping labor costs down as U.S. auto sales slow and it makes investments in electric vehicles. The company infuriated workers late last year when it announced plans to idle four U.S. assembly and transmission plants, leading to layoffs or relocations for thousands of employees ― a move widely seen as an opening shot in this year’s labor negotiations.

Reaching a deal with GM would make it likely the union could also firm up agreements with Fiat Chrysler and Ford relatively soon. The UAW engages in “pattern” bargaining with the three automakers, a system in which the first contract tends to set the general terms of the other two that follow. The union represents roughly 150,000 hourly workers at all three companies.





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Fashion

Report: Barneys Nears Bankruptcy Deal With Authentic Brands Group | News & Analysis


NEW YORK, United States — US luxury department-store chain Barneys New York Inc is nearing a roughly $270 million deal with brand developer Authentic Brands Group that could lead to Barneys shops opening in Saks Fifth Avenue stores, people familiar with the matter said on Monday.

Without an offer from Authentic Brands, Barneys faced winding down its business entirely. It filed for bankruptcy protection in August, citing rent hikes as a factor in its decision.

Authentic Brands’ offer for Barneys calls for a handful of its storied brick-and-mortar outposts to remain open, potentially including its flagship Madison Avenue store in Manhattan and its Beverly Hills, California location, the sources said.

Whether the existing retail locations remain open will depend on negotiations with landlords, they said. Barneys currently has seven physical retail locations remaining.

As part of the Authentic Brands deal, it will license the Barneys name to Hudson’s Bay Co, the owner of luxury department store chain Saks Fifth Avenue, the sources said. The agreement would also allow Hudson’s Bay to operate the Barneys website, one of the sources said.

The expected deal with Authentic Brands sets a floor for bids in a bankruptcy-court auction scheduled for later this month, should any arise. A group led by fashion executive Sam Ben-Avraham has explored a bid for Barneys and is continuing to work an a potential deal that envisions keeping many of the retailer’s current stores open, one of the sources said.

Ben-Avraham did not immediately respond to a message seeking comment.

“We are encouraged by the strong buyer interest and recognition of the value in the Barneys assets and brand name,” Barneys Chief Executive Daniella Vitale said in a statement.

We are encouraged by the strong buyer interest and recognition of the value in the Barneys assets and brand name.

“We continue to work diligently on the sale process with the goal of maximising value and ensuring a long and successful future for the benefit of our employees, customers, vendors and other business partners.”

Authentic Brands did not immediately respond to requests for comment. Hudson’s Bay declined to comment. The sources spoke on the condition they not be identified because the discussions are confidential.

Authentic Brands is a prolific acquirer of labels, including Nine West.

The Wall Street Journal reported on the value of Authentic Brands’ bid for Barneys and its partnership with Hudson’s Bay earlier on Monday.

Barneys is one of the most high-profile victims of the downturn in retail, and underscores how even luxury department stores are not immune from fierce competition with e-commerce firms such as Amazon.com Inc.

Sears Holdings Corp, Toys “R” Us Inc and Gymboree Group Inc have also filed for bankruptcy in the last two years.

In addition to its upscale department stores and Freds restaurants, Barneys operates Barneys Warehouse outlets. The nearly 100-year-old retailer’s most prominent locations include Beverly Hills, California, Chicago, Seattle, Boston, San Francisco and Las Vegas.

Barneys made its name in the 1930s by placing women dressed in barrels outside beer halls in New York City, where they would hand out matchbooks advertising the store, according to the retailer’s website.

The store, now known for exclusive apparel made by designers such as Burberry Group Plc, began as a destination for middle-class families. It transitioned to luxury fashion in the 1960s.

By Jessica DiNapoli and Mike Spector; Editor: Stephen Coates.



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Baseball

Friedman finalizing deal to stay with Dodgers


Andrew Friedman isn’t going anywhere, even though the Los Angeles Dodgers flamed out of the postseason in the NLDS after a franchise-record 106-win campaign.

The team’s president of baseball operations told reporters Monday that his new contract will be finalized “in the next couple of days,” according to Jorge Castillo of the Los Angeles Times.

The 43-year-old executive is in the last season of a five-year, $35-million deal he signed with the Dodgers in October 2014 after leaving the Tampa Bay Rays.

He also confirmed Monday that Dave Roberts will be back and said he was surprised to hear that the manager’s job security was in question, according to Ken Gurnick of MLB.com.

“By and large, the body of work is really strong,” Friedman said, per Gurnick.

The Dodgers have won seven consecutive National League West titles – five since Friedman arrived and four with Roberts as manager – and made back-to-back trips to the World Series in 2017 and 2018.

Friedman did admit that he is open to changing the complexion of the roster, according to Gurnick.

Los Angeles already has nearly $125 million committed to its payroll for 2020, according to Spotrac.





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Basketball

Celtics To Convert Tacko Fall’s Deal Into Two-Way Contract



The Boston Celtics are converting Tacko Fall’s exhibit 10 contract into a two-way deal, Adrian Wojnarowski of ESPN reports. The 7’6″ rookie will split time between the team’s big league club and their G League affiliate in Maine.

Fall had originally been signed to an exhibit 10 deal after going undrafted out of the University of Central Florida in the 2019 NBA Draft. He’ll now fill in the two-way contract slot that was made available earlier today when the team converted Max Strus’ two-way deal into a two-year pact.

Fall can spend 45 days with the Celtics over the course of the 2019-20 season and will spend the rest of the year with the Maine Red Claws. He’s seen limited usage with the C’s throughout preseason, averaging just 6.9 minutes per contest, but will see no shortage of opportunities in the G League.





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Football

Why haven’t the Cowboys, Dak Prescott agreed on a deal? – NFL Nation


FRISCO, Texas — Dak Prescott‘s start to the Dallas Cowboys‘ 2019 season has been all things to all people.

If you believe Prescott can be one of the elite quarterbacks in the NFL, you can point to his three-game start against the New York Giants, Washington Redskins and Miami Dolphins in which he had nine touchdowns and two interceptions and the Cowboys scored at least 31 points and had more than 400 yards in total offense.

If you believe Prescott is more of a game manager than a difference-maker, you can point to his past two games against the New Orleans Saints and Green Bay Packers in which he had four interceptions and two losses.

All of this makes the ongoing contract negotiations with Prescott, 26, an interesting topic. The Cowboys initially wanted to get a long-term deal done with the fourth-year QB in the spring. Then it was before training camp in Oxnard, California. Then it was during camp and finally before the regular season began on Sept. 5.

Here it is Week 6 and there’s no deal.

The Cowboys are open for business, as executive vice president Stephen Jones likes to say, but if Prescott is going to be patient, then the Cowboys can be patient, too. Both sides want the same thing: a long-term agreement.

But the lack of a deal as of Oct. 9 has brought up some key questions:

Why isn’t a deal done and why have the Cowboys waited?

The easy answer is something Stephen Jones says all the time on deals of this magnitude: It takes two sides.

It’s not that Prescott’s representatives don’t want to work out a deal. They want to execute the right deal for their client that will maximize his earning potential. That’s their job. The Cowboys’ job is to work things within a salary-cap model (more on this later), thinking about not only this season but also three and four years down the road.

Dallas has wanted to get a deal done since the offseason. Recent deals — such as those for the Seahawks’ Russell Wilson ($35 million), the Rams’ Jared Goff ($33.5 million) and the Eagles’ Carson Wentz ($32 million) — have set the market since the Cowboys and Prescott started talks. Wilson has won a Super Bowl and taken the Seahawks to a second title game. Goff has taken the Rams to a Super Bowl. Wentz was having an MVP-type season in 2017 before getting hurt, but the Eagles won the Super Bowl anyway.



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Basketball

Magic Ink Jon Davis To Exhibit 10 Deal



The Orlando Magic have shored up their training camp roster at 20 players after signing Jon Davis to an exhibit 10 contract, Roy Parry of the Orlando Sentinel writes. The undrafted guard played for UNC-Charlotte last season.

Davis averaged 21.7 points, 4.5 rebounds and 3.7 assists per game en route to his inclusion on the second-team All-Conference USA. He then latched on with the Brooklyn Nets summer league squad and played two games in Las Vegas.

Davis will participate in training camp with the Magic and will have financial incentive to join the team’s G League affiliate in Lakeland in the event that he’s waived when rosters return back to 17 on opening day.





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