NHL, NHLPA fail to reach deal

Via: Fox Sports

‘”When I stood before you in September, I said NHL teams would not play again until our economic problems had been solved,” Bettman said. “As I stand before you today, it is my sad duty to announce that because that solution has not yet been attained, it no longer is practical to conduct even an abbreviated season. Accordingly, I have no choice but to announce the formal cancellation of play for 2004-05.”‘