from Pierre LeBrun of ESPN,

The International Ice Hockey Federation is awaiting for the NHL and NHL Players' Association to resolve the Olympic issue.

IIHF president Rene Fasel has said several times during the past month that he believes he has come up with the money to cover the cost of NHL player contract insurance and travel, which he relayed again last week during a meeting with national hockey federations that included USA Hockey and Hockey Canada.

Now Fasel awaits the decision from the NHL and NHLPA in the next month.

"Last week we met with the 12 participating teams to inform them of the ongoing developments in Korea," Fasel said Tuesday in a statement to ESPN. "As I said before the door is wide open for all players to participate in the Winter Olympics, it was a challenge this year but we did our homework. We will await the league and the PA's decision and hope for a positive result. We do not wish to comment directly on what is now a matter between the NHL and the NHLPA."

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