The current deal runs through the 2015-16 season and negotiations on new contracts should commence in the next 12 months.

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Traditionally, reinsurance policies for Europe, North America including Canada and some parts of Asia are renewed Jan. 1, and negotiations for those contracts have just finished.

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When people hear how I quit my job as a lawyer after six years of corporate work, they assume I burned out and fled the nine-to-five (or, more accurately, the nine-to-midnight), leaving contracts, negotiations and lawsuits behind.

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Detroit automakers are locked in negotiations with the large and powerful United Autoworkers union over contracts and pacts that are set to expire September 14.

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The upcoming negotiations between the Yankees and Derek Jeter will differ greatly from the hundreds of contracts that both Casey Close and Brian Cashman have orchestrated in years past.

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And the last big question: the PGA Tour will soon start negotiations for new TV contracts.

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"Despite this setback, the WICB is committed to completing all aspects of the negotiations with WIPA and is in the process of formalising a new proposal to WIPA with respect to retainer contracts to present at the next meeting, " said a Board statement.

BBC: Ramdin played in last year's U19 World Cup