This is a sad, regrettable day that all of us wish could have been avoided.

We profoundly regret the suffering this has caused our fans, our business partners and the thousands of people who depend on our industry for their livelihoods.

This is a tragedy for the players. Their careers are short and this is money and opportunity they'll never get back.

It takes two sides to make a deal, two sides to negotiate and two sides to make it go bad.

The Canadian franchises and Canada as a market for NHL hockey has always been a priority for us.

This is a sad, regrettable day that all of us wish could have been avoided.

My message to the kids and our fans is hockey's a great game. There's a lot of hockey being played at all levels. Get involved, do it. We will be back and we will be back better than ever and hopefully as soon as possible. Don't give up on the game. It's too good.