Tellurian Extends Contracts for Top Executives

“Two of Tellurian’s top executives have signed new deals to stay on with the Houston liquefied natural gas company. Tellurian’s Executive Chairman Charif Souki has agreed to stay onboard for the next three years, according to a document filed with the U.S. Securities and Exchange Commission,” reports Marcy de Luna in Houston Chronicle.

“Souki’s employment agreement will automatically renew for an additional 12 months and each year thereafter unless he or the company terminates it. Souki will make a base annual salary of $1,200,000, subject to annual review by the board of directors, according to the document. In addition, Souki’s annual cash bonus will range.”

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Biggest Contract Busts in MLB History

“A contract bust in baseball is fundamentally different than those in other major sports. On the one hand, there’s no salary cap, so a bad contract or two won’t necessarily cripple a team’s ability to compete in the coming years. On the other, all of these contracts are fully guaranteed, meaning that unlike,” reports Joel Anderson in Yahoo Finance.

“MLB stars are getting paid out for the rest of their deal whether they’re even remotely capable of playing at a major-league level or not. So, if the New York Giants realizes half a year into a seven-year deal that their big free agent has lost a step, they can jettison him and his contract. But, if the San Francisco Giants find themselves in a similar.”

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120 Members of Congress Urge Producers to Negotiate Fair Successor Contracts with IATSE

“On the eve of a major strike authorization vote, over 100 members of Congress are asking producers to work with the International Alliance of Theatrical Stage Employees “to reach a fair contract and address the basic human needs that will allow them to do their jobs safely and with dignity,” reports Katie Kilkenny in The Hollywood Reporter.

“In a letter sent Thursday to Alliance of Motion Picture and Television Producers president Carol Lombardini, 120 senators and representatives including Sen. Bernie Sanders, Rep. Adam Schiff, Sen. Elizabeth Warren and Sen. Kirsten Gillibrand say that “we support the principles of adequate sleep, meal breaks and living wages for all.”

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Shit Show: KCI Concessions Contract Approved, Heads to Council After Dramatic Meeting

“Two Kansas City Council members left a dramatic committee meeting on Wednesday as members sparred verbally over the controversial airport concessions contract. Council members Teresa Loar, waving to the people packed in the chambers as she exited, and Katheryn Shields,” reports Cortlynn Stark and Kevin Hardy in The Kansas City Star.

“While the theatrics slowed down the the committee meeting, it still approved the proposed airport concessions contract, sending it to the full council for approval next week. The concessions bid is one of the largest opportunities available to private companies at Kansas City International Airport, the city’s largest ever infrastructure project.”

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Lamar Jackson’s Bold Play: A Contract Without an Agent

“By any argument, Ravens quarterback Lamar Jackson has had an exceptional career through his first three N.F.L. seasons. Drafted at the end of the first round in 2018, he quickly emerged as one of the league’s most dynamic players, winning six of his first seven regular-season starts in his first,” reports Ken Belson in The New York Times.

“Those are among the facts that will undoubtedly be brought up as Jackson and Baltimore executives negotiate an extension of his rookie contract, the massive payday that is usually the largest salary bump in an N.F.L. player’s career and that will determine the market for other franchise quarterbacks nearing the end of their entry-level.”

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Warriors Front Office Hopes Minimum Contracts Turn into Maximum Production

“When offseason rumors include the possibility of trading for Bradley Beal, Pascal Siakam or Ben Simmons, signing three players to minimum contracts doesn’t create much fervor among a fan base. Warriors general manager Bob Myers totally gets it, but he also believes that the franchise,” reports Rusty Simmons in San Francisco Chronicle.

“Most people were looking at bigger things or hoping for bigger things, but we’re very happy with how the whole thing flushed out for us,” he said. “People don’t get super-excited about minimums, but they have to look at the players. At least, that’s how we view it. We really added some quality people and players. With little more than.”

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Wizards Sign Jay Huff Three Others to Exhibit 10 Contracts

“The Washington Wizards have signed former University of Virginia center Jay Huff to an Exhibit 10 contract, the team announced on Tuesday. Huff was among four players Washington signed to Exhibit 10 deals, along with center Jaime Echenique, guard Jordan Goodwin and wing Jordan Schakel,” reports Ethan Cadeaux in Sports Washington.

“Huff was a member of the Virginia Cavaliers basketball program for four years, completing his senior season this past spring. After spending his first two years in the program as a reserve, Huff got his first chance to start in the 2019-20 season. As a senior this past season, Huff averaged 14.4 points and 4.4 rebounds per game while shooting.”

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Supply Chain Contracts Get Revamped After Covid-19 Disruptions

“Pandemic-driven strains in supply chains are triggering changes in contract terms between suppliers and their manufacturing and retail customers as companies try to address the risks and added costs brought on by persistent delays and disruptions. Procurement experts say that when,” reports Lydia O’Neal in The Wall Street Journal.

“New contracts and renewing existing ones, companies increasingly are seeking to add provisions that cover the impact of pandemics or epidemics and accelerating inflation. The moves come as commodity costs and shipping prices have soared far faster during the past two years than considered in traditional contract terms a fourfold.”

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House Republicans Press HHS on No-Bid Contracts Amid Claims of Poor Conditions at Child Migrant Centers

“Republicans on the House Oversight Committee are pushing for answers from the Department of Health and Human Services on its use of “no-bid” contract awards amid reports of “disturbing” conditions at centers housing unaccompanied children coming across the border. In light of multiple,” reports Adam Shaw in Fox News.

“Whistleblower complaints received by the Committee alleging disturbing conditions at HHS Emergency Intake Sites (EIS) housing unaccompanied children, there are serious questions about HHS’ use of and failure to adequately oversee multiple contractors with no childcare experience,” the letter penned by Ranking Member James Comer.”

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Broker in Two City Real Estate Deals had Undisclosed Contracts with City Landlord

“The former volunteer city real estate adviser who received $9.4 million in payments for two city lease deals also had two previously undisclosed contracts with the city’s landlord, including separate non-disclosure and fee agreements signed before the City Council voted to approve the first lease,” reports Lisa Halverstadt in Voice Of San Diego.

“Those agreements came after then-Mayor Bob Filner, in 2013, appointed real estate broker Jason Hughes as his special assistant on downtown real estate issues and commended him for agreeing to work “without compensation from any party. Less than two years later, as an adviser to then Mayor Kevin Faulconer, Hughes signed.”

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Ted Lasso stars, Writers Get Massive Paydays in Renegotiated Season 3 Contracts

“With an impressive 20 Emmy nominations, Ted Lasso was a definitive hit for the streaming service going into the currently airing Season 2. The immense hype surrounding what’s been called one of TV’s most positive shows made it easy for the studio to greenlight a third season in October before Season,” reports Tyler McCarthy in Fox Business.

“Now, according to The Hollywood Reporter, the writers and cast underwent a round of contract negotiations, this time with the leverage of multiple Emmy nominations a Peabody Award and incredibly positive word of mouth. Brendan Hunt and Brett Goldstein made out particularly well in the renegotiations given that they both write.”

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Nat Phillips Signs New Four-Year Liverpool Contract

“Nat Phillips is staying at Liverpool after agreeing a new four-year contract. The popular centre-back had been expected to leave Anfield on deadline day in search of regular first-team football.However, in the absence of a suitable offer, Liverpool have now decided to keep him,” reports James Pearce and Caoimhe O’Neill in The Athletic.

“Upon signing his new deal, Phillips said, Obviously after last year, it’s really nice to get that reward from the club. I’m happy to be sticking around and being available if the club need to call on me again. I’m excited for the next chapter and just to see what that brings. Phillips, whose previous deal ran until 2023, played an integral part.”

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Farmers Urge Grain Companies to Co-Operate on Contracts

“The Western Canadian Wheat Growers Association is encouraging farmers and grain companies to work together to find co-operative solutions in cases where producers don’t have enough grain to fill production contracts. WCWGA president Gunter Jochum, who farms west of Winnipeg, said his,” reports Brian Cross in Glacier Farm Media.

“Grain buyers in his area have been reasonable and have shown some flexibility in cases where the amount of grain harvested by farmers has fallen short of contracted grain volumes. Jochum urged growers to talk with their grain companies, be up front and see if a deal can be reached. What we’re saying to farmers is you need to talk to your.”

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Despite Judge’s Ruling, Bowser will Extend MedStar’s Medicaid Contract

“D.C. Mayor Muriel E. Bowser (D) declared a state of emergency this week to extend the city’s lucrative contract with MedStar an additional nine months, a move that city leaders hope will end a simmering conflict that could have disrupted care for hundreds of thousands of the city’s low,” reports Julie Zauzmer Weil in The Washington Post.

“The massive MedStar hospital system said last month that it planned to end its agreements with the two other insurers that cover most of the D.C. residents enrolled in Medicaid, according to Deputy Mayor Wayne Turnage, after a judge last year found that the city violated procurement rules, which meant it should not have awarded.”

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Toll Brothers Luxury Home Builders Hit Record in New Home Contracts Amid Construction Boom

“Luxury home builder Toll Brothers Inc. reported in its fiscal year 2021 third quarter earnings results on Tuesday that the firm hit a new record for new contracts on the quarter, exceeding Q3 of last year by 35% when new contracts hit a previous all-time high. The net signed contract value was $2.98 billion,” reports Breck Dumas in Fox Business.

“For the firm in the most recent quarter, and contracted homes reached 3,154 in a year-over-year increase of 11%. The home builder said in its release that net signed contracts in both dollars and units were third quarter records. The company also saw all-time records in both dollars and units for homes in backlog, with value surging.”

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Newspaper Unions in Texas Fight for First Contracts

“In the notoriously anti-labor Lone Star State, three recently unionized newsrooms are fighting for their first collective bargaining agreements, the contracts that will determine their future working conditions. Often, this is a long and gruelling process. At Texas’ three union newspapers, workers report,” reports Gus Bova in Observer.

“In July of 2020, journalists at the Dallas Morning News became the first to announce they were unionizing in Texas. They were followed by workers. All decided to join the NewsGuild, part of a growing nationwide trend as journalists fought back against layoffs and corporate predation. There hadn’t been a union paper in Texas since.”

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Goldman-Backed Exchange Raises Cash to Expand Shipping Contracts

“The New York Shipping Exchange, founded in 2015 by a former industry executive to make the container shipping market more efficient, is raising another $15 million to expand contracts that can help protect companies supply chains from price hikes and other uncertainty,” reports Clara Hernanz Lizarraga and Ivan Levingston in Bloomberg.

“The latest funding round comes from existing investors led by New Road Capital. Nyshex had previously raised $30 million from backers including Goldman Sachs Group Inc. Hit hard in the early months of the pandemic, the container shipping industry has since boomed as a surge in consumers’ online shopping allowed ocean carriers.”

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Pilot IRS Awards Five Scanning Contracts

“The IRS has awarded five $7.5 million contracts through an experimental procurement vehicle for a multiple solution challenge to digitize paper files. The request for proposals released in July indicated the agency was looking to use the Pilot IRS program to test innovative solutions it could deploy to receive, prepare, reproduce, sort, validate, store return and transfer digital copies of various IRS documents and records,” reports Chris Riotta in FCW.

“According to the RFP, the volume contemplated is significant, with the initial potential use case having upwards of 1 billion pages. The tax agency is looking for solutions that cover the scanning of paper documents and in some instances the extraction of machine-readable data. The five contractors who received awards this week include Xerox, Brillient Corporation, Ripcord Inc. Government CIO LLC and Resultant KSM Consulting.”

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City Board OKs Contracts for 20 Federal Place Reports

“Seeking to sell the downtown 20 Federal Place building, the city’s board of control agreed to pay for a marketing study as well as for an environmental assessment, and an asbestos and hazardous materials survey of the property. Also Thursday, the board approved contracts for two improvement,” reports David Skolnick in The Vindicator.

“With Professional Services Industries Inc. of Girard to do an asbestos and hazardous materials survey of the building to determine how to handle and remediate safely any hazardous materials found on the property. Foley & Puls of Dallas for a housing market conditions study to determine the need for downtown housing as it relates.”

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The Bryan Rust Contract Situation is Going to be Fascinating to Watch

“Pittsburgh Penguins general manager Ron Hextall has a significant job to do over the next year when it comes to working out new contracts for center Evgeni Malkin and defenseman Kris Letang. It seems like a given or at least a strong possibility that both will be re-signed with the only thing left to be,” reports Adam Gretz in their PensBurgh.

“But there is going to be another contract situation that needs to be dealt with over the next year, and that is veteran forward Bryan Rust. What exactly is that next contract going to look like, whether in Pittsburgh or somewhere else, and should he be looking for. We already know how good and important Rust is and do not really need to go.”

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