Wednesday, March 12, 2008

Russia closes two-week notice loophole for athletes

This is kind of advanced topics in prospects news, but for those of you who know about the two-week notice loophole Russian athletes could use to get out of their contracts scot-free -- it's being closed. Russian President Vladimir Putin has signed a new labor law, and it goes into effect March 30. Athletes (read their new employers, the NHL) will now have to compensate their current employer to break a contract. This will mean less jumping to the NHL.

Here's the link to the NYTimes blog post about it. Best to read the whole thing if you're interested in this topic.

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