Ocwen Financial Addresses COVID-19 Concerns

first_img About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago April 6, 2020 2,201 Views The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Coronavirus Ocwen 2020-04-06 Seth Welborn The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Coronavirus Ocwen Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Home / Daily Dose / Ocwen Financial Addresses COVID-19 Concerns Sign up for DS News Daily center_img Ocwen Financial Corporation has provided an update on its actions to address the COVID-19 pandemic, as well as its liquidity, mortgage originations, mortgage servicing rights (MSR) valuations and 2020 earnings guidance in the context of the COVID-19 pandemic.“As the COVID-19 pandemic continues to impact our communities, our first priority is safeguarding and supporting our employees and maintaining business continuity so that we can continue providing service and support to our clients and customers,” said Glen A. Messina, President and CEO of Ocwen. “Approximately 85% of our global team is working remotely, we are following guidelines established by the CDC and WHO and from the local governments where we operate, and we are committed to helping borrowers experiencing hardships wherever possible, including from the COVID-19 pandemic.”Messina continued, “We are executing on our strategic plans while navigating the current landscape with commitment and focus. As of March 31, 2020, we had approximately $264 million in unrestricted cash, and we currently expect to be in compliance with all of our financial covenants under our debt agreements at the end of the first quarter. The duration and magnitude of the COVID-19 impact is uncertain and we anticipate that the impact to our business will be largely determined by the number of homeowners who need assistance and the duration of assistance needed. We are proactively working with industry trade groups, the Agencies and our regulators to support their efforts on stabilizing the housing finance system in response to what may be an unprecedented level of requests for assistance from homeowners impacted by the COVID-19 pandemic.”Ocwen is evaluating the potential impact of COVID-19 related borrower job losses and reductions in income, as well as other related impacts as it assesses the timing and magnitude of potential increases in servicer advance levels and servicing costs based on increased borrower delinquency levels, among other factors that could affect its liquidity and financial condition assessments. The company is communicating with Fannie Mae, Freddie Mac, Ginnie Mae, and its lenders, including with respect to the potential impact of borrower assistance programs on its business. Ocwen is working with mortgage industry trade associations who are working with government officials to inform them of the impact of borrower relief programs on the funding and liquidity needs of the housing finance industry and to assist them in designing appropriate solutions to navigate the challenges of the current environment. Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Ocwen Financial Addresses COVID-19 Concerns Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, News Servicers Navigate the Post-Pandemic World 2 days ago Print This Post Previous: Federal Reserve Announces Additional Relief Measures Next: Coronavirus Could Halt Mortgage Payments Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Where do we stand with debit card interchange and overdraft fee regulation?

first_imgRevenue from the total of debit card interchange and overdraft fees often accounts for over 50 percent of a given credit union’s total non-interest income. Debit interchange has been heading south for many credit unions of all sizes due to regulatory changes implemented in 2011 that impacted interchange rates and network routing practices. The Consumer Financial Protection Bureau is also looking to further regulate overdraft practices beyond the changes to courtesy pay practices that were implemented in 2010. Regulatory risk continues to persist relative to both of these two important income streams.Credit unions need to fully understand what is happening and why across the regulatory landscape, and then work closely with their processing and network partners to determine steps to grow revenue and reduce operating expenses to offset the regulatory risk.Here is a look at how we’ve arrived at the place we are today and some recommendations for how credit unions can respond to protect their non-interest income.The Story So FarDebit InterchangeAs directed by Congress through the Durbin Amendment, the Federal Reserve Board (FRB) introduced Regulation II in October 2011 with the intention to add competition and fairness to debit interchange fees and transaction routing. Institutions with total assets of $10 billion and above had their debit card interchange revenue capped and had to accept a blended interchange yield drop of over 52 percent. The FRB also included provisions that protected small issuers – those with assets of less than $10B – by excluding them from the interchange rate provisions; however, nothing in the final rules explicitly requires the networks to maintain favorable interchange rates for institutions under the $10B asset threshold.Payment networks had to become more creative in balancing merchant and issuer expectations and profitability. As we are observing today, these dynamics are producing an impact that the FRB was trying to avoid – negative financial influence for the small issuers who are exempt. All PIN networks with POS capability have introduced the PINless transaction set and most are equipped to introduce signature-based transaction routing options similar to what has been offered by Visa and MasterCard for several decades. The PINless routing schemes are already negatively impacting debit interchange revenues; this trend will only continue to accelerate as competition heats up for each consumer payment transaction.Post Regulation II implementation, we have observed notable interchange compression on unregulated issuers. About 18 months after the implementation, the blended debit interchange rate was down 13 percent, compared to pre-Regulation II levels. Competition for volume in the network arena continues to put downward pressure on debit interchange yields, with observed reductions of about 5 – 8 percent when compared year-over-year. We expect this trend to only continue into the foreseeable future, and as payment technology and network strategies continue to evolve, they may provoke acceleration.PAVD (PIN Authenticated Visa Debit)As a result of the Durbin Amendment effectively banning network exclusivity and, in some cases, requiring financial institutions to add another network, Visa witnessed reduced PIN POS transaction volumes over its Interlink network. In response, Visa decided to leverage an already existing network capability, which was primarily used for international transactions to route a PIN transaction over Visa’s signature network, and introduce that capability to all Visa U.S. merchants. At the same time, Visa restructured merchant pricing, and introduced the Fixed Acquirer Network Fee (FANF), which incents chain merchants to send more transactions to Visa, in order to reduce switch costs incurred by the merchants. This strategy fueled Visa’s transaction volume growth to almost pre-Durbin levels and beyond, pulling volume from other PIN networks.Network strategies like VISA PAVD, VISA FANF and MasterCard’s Maestro network requirement continue to evolve, with PINless and dual message transactions routed over traditional single message networks only further eroding debit interchange yields for unregulated issuers.PINlessIn an effort to respond to Visa/PAVD and MasterCard/Maestro routing requirements, other PIN networks introduced the ability to submit low dollar value transactions without PIN information. On purchases of under $50, merchants can choose to just obtain an approval and not require the PIN to be entered and authenticated.PINless was introduced last year in an effort to compete with ‘No Signature Required’ (‘NSR’) transactions from Visa and MasterCard. The merchant roll-out was very successful, and as a result, PIN networks decided to expand the PINless transaction set beyond just ‘Quick Service Restaurants’ (‘QSR’), to most traditional point of sale and e-commerce merchants.Signature Debit Transaction over PIN Networks Some PIN networks have started routing signature debit transaction sets (dual message) over their network. This essentially means that a merchant who traditionally has the ability to route debit transactions to VISA or MasterCard, will have another option when evaluating their cost-based routing options for a signature debit transaction. Participation and support for this transaction set is mandated to all Issuers and Acquirers.Overdraft Fee IncomeNearly concurrent with the regulations that have impacted debit interchange revenue, some significant regulatory movement has also taken place in terms of overdraft fee income.Regulation E was modified in 2010, requiring that all financial institutions secure an account holder opt-in in order to charge an overdraft fee for one-time debit card and ATM courtesy pay transactions.Since the change to Regulation E and courtesy pay transactions, the CFPB has been evaluating overdraft practices more holistically – encompassing not only debit card and ATM transactions, but also checks, ACH and other transactions that debit funds from a deposit account. It is widely expected that the CFPB will publish an initial rule for comment sometime in 2016.The CFPB commissioned the Pew Charitable Trust to handle the research aspects of their regulatory review. To date, a great deal of the Pew research (such as consumer surveys) has involved customers of large banks and not necessarily members of credit unions.Pew has made three key recommendations for consideration by the CFPB:Disclosure: Provide consumers with clear, comprehensive and uniform pricing information for all available overdraft options.Fees: Make overdraft penalty fees reasonable and proportional to the bank’s cost in covering the overdraft.Posting Order: Prohibit the process of reordering transactions to maximize fees and post deposits and withdrawals in a fully disclosed, objective and neutral manner.Optimizing Debit Portfolio PerformanceWith respect to protecting debit interchange income, credit unions can consider several measures to mitigate the downward pressure on this revenue source.Observation: Issuers need to work to capitalize on current consumer usage trends and the technology influencing where and how they are using their debit cards.Small ticket transactions are on the rise, as consumers get more comfortable with using their debit cards, instead of cash, for small purchases like coffee shops and movie theaters. At the same time, many networks are expanding the rules around small tickets to include more merchant categories and raising the limit under which a purchase amount requires no cardholder verification, thereby offering a speedy checkout and more convenience.Recommendation: Reach out to your cardholders making them aware that they can use their card for these types of purchases, and can bring incremental transactions thus driving more revenue.Observation: Debit card usage has definitely been on the rise in past years, and issuers were able to capitalize on this ‘organic’ growth the cardholders have adopted. However, we are nearing the top of that growth curve.Recommendation: Take another look at your Penetration, Activation and Usage metrics to make sure you are at least on par with the industry. It is possible to “outgrow” the reduction in interchange from current volume, by finding ways to introduce incremental usage. A strong debit card rewards offer backed by relevant merchant-funded rewards will incent your members to use your debit card more often, keeping your card top of wallet. Contributing author: Vladimir Jovanovic, ‎Director, Debit and Prepaid Product Management at PSCU 24SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Norman Patrick Norman C. Patrick, Jr. is Director of Debit Consulting at Advisors Plus. With over 20 years in the financial services industry, Norm originated this practice area in 2007 based on … Detailslast_img read more

Holloway sees rough ride with referees

first_img The Eagles’ return to the Barclays Premier League was settled when debutant Roberto Soldado opened his account for Spurs with a second-half penalty that Holloway vigorously contests. But his real anger was reserved for the officials’ failure to spot what he views as a deliberate foul by Nacer Chadli on Stephen Dobbie shortly before referee Mark Clattenburg awarded the spot kick. Holloway was significantly delayed in arriving for his post-match press conference after waiting 38 minutes to speak with Clattenburg about an incident that soured his afternoon. “I’ve got to learn what a foul is because I thought Nacer Chadli deliberately body-checked Stephen Dobbie, smashed him down and ran off with the ball,” Holloway told the BBC. “If the referee didn’t see that, the assistant should have. You have to ask if he’s good enough if he didn’t see that. I don’t see how he can miss it. “It’s going to be a long, hard season for me with these people (referees). I had this with Blackpool. Certain clubs get fouls and others don’t. Tottenham will feel that if they play Man United. “Do I think I would have got that at Tottenham? No I don’t. I just want a bit of fairness. I want a foul like anyone else would have got one. I’ve got a horrible taste in my mouth after that.” Holloway also took issue with Clattenburg’s decision to award a penalty after Dean Moxey handled Aaron Lennon’s cross with an outstretched arm in the 50th minute. “That was a completely and unbelievably dubious handball. Was it deliberate? I don’t think he had a chance,” he said in his press conference. “Yes his arms came up, but he was diving on the floor. I’ve never seen someone fall with their arms by their sides. He didn’t have a chance in hell of getting away with it. Ian Holloway declared that Crystal Palace face a “long, hard season” at the hands of officials after his frustration at the manner of Sunday’s 1-0 defeat by Tottenham boiled over. “Referees are always right aren’t they, with the greatest of respect. I’ve got no problem with the referee and I don’t want to get into trouble, it’s our first game back. “Overall, I’m disappointed with our lack of belief in our movement and passing. We normally play a bit better, quicker and sharper than that with the ball.” Tottenham manager Andre Villa-Boas felt the penalty was the correct call. “I have been told it was clear-cut, although I haven’t seen it again. People tell me that just before that shout there was one on Paulinho as well so that’s the information I have – that his arm was stuck out,” he said. “Although it doesn’t look deliberate his arm is quite some distance from the ball. The referee decided wisely.” Villas-Boas refused to comment on the future of Real Madrid target Gareth Bale, but revealed that the foot injury that forced the Wales winger to miss Sunday’s victory will sideline him for two further matches. The Portuguese stated that Spurs may buy a defender before transfer deadline day and was pleased with the performance of new signings Soldado, Paulinho and Chadli. “Bearing in mind that for all of them the Premier League is a different proposition in terms of intensity and passion, I think they did extremely well so I am extremely pleased with that,” he said. Press Associationlast_img read more

Update on the latest sports

first_imgLeVert had 37 points for Brooklyn, which already had secured the seventh seed in the East.Memphis kept its season alive with a 119-106 victory over the Bucks. Jonas Valanciunas (YOH’-nuhs val-ehn-CHOO’-nuhs) and Ja (jah) Morant each had triple-doubles, while Dillon Brooks added 31 points in the Grizzlies’ second wire-to-wire win of the season.Valanciunas had 26 points, 19 rebounds and 12 assists for his first triple-double in 559 NBA games. Morant had 12 points, 13 rebounds and 10 assists.The Blazers can advance to the first round against the Lakers by beating the Grizzlies on Saturday. If Memphis prevails, there will be a winner-take-all game on Sunday.In other NBA action: August 14, 2020 Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditVIRUS OUTBREAK-COLLEGE SPORTSNCAA cancels fall championships as major football marches onUNDATED (AP) — Major college football will be the only championship decided by the NCAA, and the prospect of holding that still hangs in the balance. NCAA-COMPENSATING ATHLETESSenators lay out plan for college athletes bill of rightsWASHINGTON (AP) — A group of senators led by Cory Booker of New Jersey and Richard Blumenthal of Connecticut has released a plan for reforming college sports with an athletes bill of rights. It calls for college athletes to have the ability to earn money for their names, images and likenesses with “minimal restrictions.” The senators also want to ensure for the athletes long-term medical coverage and treatment, enforceable medical standards, academic freedom and revenue sharing agreements. The NCAA is in the process of changing its rules to permit athletes to earn money off their names, images and likenesses for things like endorsements and appearances. The association has asked for help from Congress to relieve pressure from state lawmakers. Venus is 40, and Serena turns 39 next month, making their combined age the highest in a WTA match since 2004, when Martina Navratilova, 47, played Amy Frazier, 31.TENNIS-US OPENNo. 1 Novak Djokovic says he’ll play at US Open, after allUNDATED (AP) — Novak Djokovic (NOH’-vak JOH’-kuh-vich) says he will enter the U.S. Open and the hard-court tuneup tournament preceding it in New York this month. Reigning U.S. Open champion Bianca Andreescu (an-dree-EHS’-koo) has pulled out of the Grand Slam tournament. She says the coronavirus pandemic prevented her from properly preparing for competition. — The Golden Knights squandered leads of 2-0 and 3-2 before Reilly Smith scored 7:13 into overtime to give them a 4-3 win over the Blackhawks. The Knights wasted leads of 2-0 and 3-2 in the second period before taking a 2-0 lead in the series. Paul Stastny (STAS’-nee), Tomas Nosek (tah-MAHS’ NOH’-shehk) and Mark Stone also tallied for Vegas.NHL-CANADIENS-JULIENCanadiens coach hospitalized with chest painsTORONTO (AP) — Montreal Canadiens general manager Marc Bergevin (BERZH’-eh-vin) says coach Claude Julien was taken by ambulance to a Toronto hospital after experiencing chest pains Wednesday night. The 60-year-old Julien remained in the hospital Thursday afternoon while more tests were being conducted to determine the cause of his condition.Bergevin said the situation is not COVID-19 related. The NCAA has called off all fall championship events except for major college football because of the limited number of schools competing in sports such as men’s and women’s soccer and women’s volleyball during the first semester.NCAA President Mark Emmert made the announcement in a video posted on Twitter, although it has been clear this was coming as conferences canceled fall sports seasons because of the coronavirus pandemic.Emmert said the NCAA would prioritize staging championships in winter and spring sports because those — including the NCAA basketball tournaments— were canceled when COVID-19 first spiked across the United States in March.The decision comes after The Big Sky, West Coast and Southern conferences announced Thursday that they are the latest Division I leagues to postpone its fall sports schedule. New Mexico State has postponed its football season because of COVID-19 concerns and state restrictions. The Aggies are the third independent FBS program to decide not to play in the fall, joining Connecticut and Massachusetts. The 60-year-old coach is not expected to be back behind the bench for the rest of the team’s first-round series against Philadelphia. Associate coach Kirk Muller will take over Julien’s role in an interim basis. NBA-SCHEDULEGrizzlies, Blazers get play-in spotsLAKE BUENA VISTA, Fla. (AP) — It will be the Portland Trail Blazers against the Memphis Grizzlies in the NBA’s Western Conference play-in series. The Trail Blazers advanced with a win over the Nets after the Grizzlies secured a spot by downing the league-leading Milwaukee Bucks.Damian Lillard dropped in 42 more points and had a crucial steal as the Blazers earned a do-or-die victory, 134-133 over the Nets. CJ McCollum had 25 points for Portland, which erased a 10-point, third-quarter deficit and pulled out a win when Caris LeVert missed a jumper just before the final buzzer. The Stanley Cup first-round series is tied at a game apiece after Korpisalo stopped 36 shots to lead Columbus to a 3-1 win over the Lightning. He blanked the Bolts after Nikita Kucherov (KOO’-cheh-rahf) scored 5:26 after the opening faceoff to give Tampa Bay a brief lead.Ryan Murray and Oliver Bjorkstrand provided first-period goals to put the Blue Jackets ahead to stay. Bjorkstrand’s goal came on a power play with 1:25 left in the period.In other Stanley Cup first-round action:— Dougie Hamilton broke a 2-2 stalemate midway through the third period to give the Hurricanes a 3-2 win over the Bruins, evening the series at a game apiece. Carolina trailed, 1-0 until Teuvo Teravainen and Andrei Svechnikov scored 1:28 late in the second, but Boston tied it on Brad Marchand’s goal with five seconds left in the period. James Reimer stopped 33 shots for the Canes.— The Stars squandered a 4-2 lead in the third period before Jamie Oleksiak (oh-LEHK’-see-ak) scored with just 40 seconds remaining to give Dallas a 5-4 win over the Flames. Miro Heiskanen had two goals and Alexander Radulov (RAD’-yoo-lahv) also tallied to help the Stars even the series at a game apiece. The game appeared headed to OT when Calgary’s Sam Bennett beat Ben Bishop on a power-play with 2:49 left in the third period. Elsewhere on the major league schedule:— Yu Darvish carried a no-hitter into the seventh inning and Kyle Schwarber belted a solo homer as the Cubs downed the Brewers, 4-2. Darvish struck out 11 over seven innings and didn’t allow a hit until Justin Smoak led off the seventh with a homer. The Cubs are 13-3 for the first time since 1907.— The Rays have a six-game winning streak after Mike Zunino belted a three-run homer and collected four RBIs in a 17-8 dismantling of the Red Sox. Hunter Renfroe homered twice and drove in three, while Brandon Lowe had three ribbies.— The Orioles completed a three-game sweep as Pedro Severino and Rio Ruiz homered in an 11-4 blasting of the Phillies. Thomas Eshelman allowed two runs and four hits in five innings to earn his second career win. — Tomas Nido (TOH’-mahs NEE’-doh) broke out in the Mets’ 8-2 romp over the Nats, hitting a two-run homer in the fourth inning and a grand slam in the fifth. He is just the fifth catcher in Mets history to hit at least two homers and collect at least six RBIs in a game.center_img — Solo homers by Adam Frazier, Colin Moran and Gregory Polanco helped the Pirates beat the Reds, 9-5 and end a three-game skid. Polanco homered and walked with the bases loaded while Pittsburgh erupted for seven runs in the second inning to take a 9-0 lead.— The Cardinals’ series opener against the White Sox has been postponed to Saturday, giving the Redbirds an extra day to recover from a coronavirus outbreak. The Cards, who haven’t played since July 29 and were set to resume their season Friday night in Chicago. MLB-NEWSRangers lose VolquezUNDATED (AP) — Rangers veteran right-hander Edinson Volquez has been put on the 45-day injured list with a right oblique strain, effectively ending his season. AP source: Kittle agrees to 5-year extension with 49ersUNDATED (AP) — All-Pro George Kittle has agreed to a five-year, $75 million extension with the San Francisco 49ers, a record for tight ends. According to overthecap.com, the previous high for annual value on a multiyear contract for a tight end was the four-year, $42 million deal Austin Hooper signed this offseason in Cleveland.Kittle had been one of the NFL’s biggest bargains after being drafted in the fifth round in 2017.In other NFL news: Update on the latest sports Volquez sustained the injury when working the fifth inning Tuesday against Seattle. In other major league news:— Mets left fielder Jeff McNeil was carted off with a left knee injury after crashing into the wall to rob Asdrubal (as-DROO’-bul) Cabrera of a two-run extra-base hit on Thursday. Manager Luis Rojas says McNeile is day to day after X-rays and an MRI were negative.— Nationals star Stephen Strasburg earned one of baseball’s most unique ejections in the third inning of Thursday’s loss to the Mets. Strasburg was sitting in Section 121 at Citi Field in this socially distant season when he began to complain loudly about a ball-and-strike call. Last year’s World Series MVP was tossed moments later, although it took a few seconds to realize who had been tossed.NFL-NEWS PGA-WYNDHAM CHAMPIONSHIP3-way tie for clubhouse leadGREENSBORO, N.C. (AP) — Harold Varner III, Tom Hoge and Roger Sloan share the clubhouse lead after shooting 8-under 62 in the first round of the PGA’s Wyndham Championship in North Carolina. Hoge looked like he might have a shot at 59 after he went eagle-birdie on the 15th and 16th holes to reach 9 under. There were 33 players on the course when the round was suspended due to bad weather. New Mexico State says it will explore playing football in the spring.Moving fall sports to the spring still must go through the Division I Council, which is comprised of representatives of all 32 conferences. It also would need approval by the DI Board of Directors.NHL-SCHEDULEKopisalo, Jackets tie seriesUNDATED (AP) — It took the Columbus Jackets a while to get going following their five-overtime loss to the Tampa Bay Lightning. Fortunately for the Jackets, netminder Joonas Korpisalo (YOH’-nuhs kohr-pih-SAH’-loh) was just as sharp as he performed while making a playoff-record 85 saves two days earlier. Betts blasts Dodgers to rout of PadresUNDATED (AP) — Mookie Betts and the Dodgers certainly know how to exact a bit of revenge.Betts was 4-for-4 with three home runs and four RBIs as the Dodgers blasted the Padres, 11-2. Betts’ assault began after he was hit by a pitch leading off the bottom of the first. Corey Seager homered just three pitches later before AJ Pollock went deep.Betts joins Johnny Mize and Sammy Sosa as the only players in major league history to homer three times in six different games.Austin Barnes also homered and Julio Urias (yoo-REE’-uhs) pitched into the seventh, allowing two runs and five hits. Urias settled down after Tommy Pham and Eric Hosmer hit back-to-back homers off him with two out in the first. — Devin Booker scored 23 of his 27 points while the Suns dominated the first half of a 128-102 trouncing of the Mavericks. Dario Saric scored 16 points for Phoenix, which finished just short of a berth in the play-in series despite going 7-0 in the restart.— Rayjon Tucker scored 18 points as the Jazz beat the Spurs 118-112, ending San Antonio string of playoff appearances at 22. Keldon Johnson scored 24 points to lead seven Spurs in double figures. — Buddy Hield (heeld) nailed a 3-pointer that capped Sacramento’s streak of 11 consecutive baskets made in the third period of a 136-122 win over the Lakers. Hield finished with 28 points and Bogdan Bogdanovic (BOY’-ahn bahg-DAH’-noh-vich) had 27 for the Kings, who made 21 3-pointers. Most Lakers starters were held out, but LeBron James played the first half and had 17 points in 15 minutes.— The Wizards picked up their lone win in the restart as Thomas Bryant had 26 points and nine rebounds lead a 96-90 decision over the Celtics. Troy Brown Jr. added 17 points and eight rebounds against Boston, which rested its starters after clinching the third seed in the Eastern Conference playoffs. MLB-SCHEDULE — The Chiefs and star tight end Travis Kelce (KEHL’-see) have agreed to a four-year, $57.25 million contract extension that will keep him with the Super Bowl champions through 2025. That’s according to a person familiar with the contract. The move to secure the two-time All-Pro tight end is the latest in a string of big-money deals negotiated by general manager Brett Veach to keep the core of the Chiefs intact this offseason. — The Bills are protecting quarterback Josh Allen’s blindside for the long term after signing left tackle Dion Dawkins to a four-year, $60 million contract extension. The team announced the signing, while a person with direct knowledge of the contract provided the value of the deal to The Associated Press. Dawkins has been a starter in Buffalo since being selected in the second round of the 2017 draft out of Temple.TENNIS-LEXINGTONSerena beats Venus to take 31st meetingLEXINGTON, Ky. (AP) — Serena Williams came back and won the last four games to beat her older sister, Venus, 3-6, 6-3, 6-4 in a hard-hitting, back-and-forth, second-round matchup at the Top Seed Open on Thursday. It was the 31st meeting of their careers and it came 22½ years after the first.last_img read more

No Taarabt for QPR

first_imgAdel Taarabt has failed in his bid to recover from a minor injury in time for QPR’s vital game at Bolton.Taarabt has been nursing a hamstring problem but on Friday evening it looked likely that he would be able to feature at the Reebok Stadium.Defender Luke Young is available following his hamstring injury and Djibril Cisse after suspension.AdChoices广告Follow West London Sport on TwitterFind us on Facebooklast_img

Tragedy strikes Nigeria football again as Amodu dies

first_imgAmodu rose to prominence when he guided BCC Lions of Gboko to win the Africa Cup Winners Cup in 1991.He was subsequently rewarded with leading the Super Eagles in 1994.He would take up this post at least three other times during which time he qualified the country to two World Cups.But on both occasions he was not the man in charge at the final tournaments.He also handled top South African club Orlando Pirates between 1996 and 1997.Share on: WhatsApp Nigeria’s coach Shuaibu Amodu talks to the press following the World Cup 2010 draw at the Cape Town International Convention Centre (CTICC) in Cape Town on December 4, 2009. The draw, which saw the 32 qualified teams split into eight groups of four for the first round stage of the June 11-July 11 tournament, laid down the battle lines for what will be the first World Cup to be played on African soil. AFP PHOTO / STEPHANE DE SAKUTIN Tragedy has hit Nigeria football again as former Super Eagles coach Shuaibu Amodu died just days after another national team coach Stephen Keshi passed away.The Nigeria Football Federation (NFF) announced Saturday that Amodu, 58, died after complaining of chest problems.On Wednesday, Keshi, 54, died suddenly in the southern Benin City.Amodu, four-time Super Eagles coach, also died in his sleep in the same city.Amodu, who qualified Nigeria to two World Cups, in 2002 and 2010, was to have replaced Sunday Oliseh, who quit as the country’s coach in February, but he declined on health grounds.The top coach was recently appointed Nigeria technical director.Senior football officials told AFP Amodu was hypertensive and had been on medication.Keshi assisted Amodu when Nigeria qualified for the 2002 World Cup.last_img read more

Neymar, PSG begin vital month in style

first_imgThat meant Angel Di Maria once again started alongside Neymar and Edinson Cavani in attack, but the Uruguayan was unable to add to his club record tally of 157 goals.Spaniard Berchiche was handed a start ahead of Layvin Kurzawa at left-back and he broke the deadlock right on half-time, drilling home after a poor attempted clearance by Junior Alonso fell to him.Lille are a club with serious off-field worries, concerns about their finances leading to them being handed a transfer embargo that prevented them from adding to their squad in January.Sports daily L’Equipe even reported on Saturday that the club had been told they face being relegated at the end of the season if their financial situation does not hugely improve, regardless of their final league position.Christophe Galtier’s side had looked set to go into the break on level terms before Berchiche struck, and they were upset that Cavani was not flagged offside in the build-up to that goal.Just 13 minutes remained when Neymar effectively ended the game as a contest, finding the top-left corner with a free-kick from right on the edge of the area in a central position.It was the Brazilian’s 18th goal in 17 Ligue 1 appearances, with seven of those coming in his last three outings.Lo Celso arguably topped Neymar’s effort with his chip over Lille goalkeeper Mike Maignan, as the young Argentine again stood in well for the veteran Motta.Marseille claimed an extraordinary 6-3 win over bottom club Metz on Friday, with Florian Thauvin scoring a hat-trick.Fourth-placed Monaco host Lyon, who are third, in a key game in the battle for Champions League places on Sunday.Share on: WhatsApp The teenage France forward was absent here due to suspension after being sent off in the 3-2 League Cup semi-final win at Rennes in midweek. Paris, France | AFP | A superb Neymar free-kick helped Paris Saint-Germain to a 3-0 win at troubled Lille on Saturday as the Ligue 1 leaders began a decisive month as they mean to go on.The world’s most expensive player netted the second goal at the Stade Pierre-Mauroy after Yuri Berchiche had opened the scoring just prior to half-time.Giovani Lo Celso’s delightful chip secured the victory late on, with PSG now 11 points clear of Marseille at the top of the table.PSG have won 12 of their last 13 games in all competitions, including four in a row since their 2-1 defeat at Lyon last month.Their season-defining Champions League last-16 tie against Real Madrid is fast approaching, with the first leg to come in the Spanish capital on February 14.PSG coach Unai Emery will hope to have the likes of Adrien Rabiot, Julian Draxler and Thiago Motta back fit for that game, while Kylian Mbappe will almost certainly start at the Santiago Bernabeu.last_img read more

From World Cup elimination to a 9-1 thriller entry into Euro- Welcome back, gli…

first_imgImage Courtesy: ReutersAdvertisement 3niy8NBA Finals | Brooklyn VsquxWingsuit rodeo📽Sindre E7( IG: @_aubreyfisher @imraino ) 2feWould you ever consider trying this?😱2qc8reCan your students do this? 🌚3u1phRoller skating! Powered by Firework The Italian football team and its reputation in the international level is unmatched. One of the most successful teams ever, lifting four World Cup trophies, and the 2006 team that would confuse anyone as a World XI team, the blues unfortunately lost their panache. However, the last night’s thrashing of Armenia and a smooth entry to the 2020 Euro Cup, are the former reigning champions returning to glory?Advertisement Image Courtesy: ReutersAfter a star studded squad that lifted the 2006 World Cup, they faced early exits in 2010 and 2014, and couldn’t even make it past the qualifiers for the 2018 World Cup in Russia, after an embarrassing loss to Sweden.However, things have started to change for the Azures. Robert Mancini took helm in 2018, Robert Mancini. Several Serie A top tier names are on the starting 11 again, and the former manchester City gaffer is on the way to restore the team’s former glory. And with yesterday’s thrashing of Armenia, Chiellini’s leadership is proving strong.Advertisement Last night’s Group J match at the Renzo Barbera stadium in Palermo proved in favour of the hosts. The scoreboard opened up with back to back strikes from Ciro Immobile and Nicolò Zaniolo in the 8th and 9th minute. They both secured a brace, along with single goals from Nicolò Barella, Alessio Romagnoli, Federico Chiesa, Riccardo Orsolini and a penalty spot conversion from Chelsea star Jorginho. Armenia’s single consolation goal came in the 79th minute from Edgar Babayan.Italy have topped their qualifier group and will be a strong contender for the title for Euro 2020 starting 12th June next year.Advertisement Advertisementlast_img read more

More sports in brief

first_imgSpurs extend home dominance SAN ANTONIO (AP): San Antonio immediately bounced back from a rare loss and beat Denver 101-86 on Saturday to extend their franchise record for consecutive home wins to 26. Kawhi Leonard had 20 points for the Spurs, who maintained their eight-game lead atop the NBA’s Southwest Division. San Antonio’s LaMarcus Aldridge had 12 points and nine rebounds, and Boris Diaw had 16 points for the Spurs, who have won all 17 home games this season to add to the final nine of the previous campaign. Denver’s Nikola Jokic scored 22 points on 10-for-19 shooting. Shah banned after failing doping test ISLAMABAD (AP): The International Cricket Council has provisionally suspended Pakistan leg-spinner Yasir Shah for a positive drug test. The ICC says in a statement yesterday that a sample provided by Shah on Nov. 13, when Pakistan played an ODI against England in the United Arab Emirates, contained chlortalidone, which is on the World Anti-Doping Authority’s list of prohibited substances. Shah could challenge the suspension and apply for the test of his B sample within seven days. The 29-year-old Shah has taken 76 wickets in 12 Test matches and 18 wickets in 15 one-day internationals.last_img read more

Fulham v Norwich in pictures

first_imgSee also:Two for Petric in Fulham rompFulham v Norwich player ratingsJol rues ‘awkward’ Dempsey stand-offDempsey is ready to move on – and so are FulhamA selection of images from Fulham’s 5-0 thrashing of Norwich at Craven Cottage. (Click on an image to start slideshow) Follow West London Sport on TwitterFind us on Facebooklast_img