NHL extends Canadian assistance
The NHL board of governors has to extend the league's Canadian Currency Assistance Plan through the end of the 2003-04 season.
The plan, which received unanimous approval on Tuesday, helps select Canadian-based NHL clubs compensate for the disparity between the Canadian and U.S. dollar.
The Canadian buck was worth 0.64 US on Tuesday.
The Calgary Flames, Edmonton Oilers, Ottawa Senators and Vancouver Canucks currently qualify for some $2.7 million in annual assistance.
The Montreal Canadiens and Toronto Maple Leafs do not meet the criteria.
The board also ratified new contracts with CBC and TSN for Canadian television rights.