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NHL, NHLPA have tentative agreement
The lockout appears to finally be over. A tentative agreement has been reached between the NHL and NHLPA, multiple sources confirmed to ESPN.com.
The announcement was made after the two sides hashed out their remaining differences for more than 16 hours at a hotel in midtown Manhattan, spelling the end to a lockout that has persisted for almost four months and cost more than half the regular season.
A source told ESPNNewYork.com that the emphasis should be placed on the word "tentative." That source said there is still work to be done but there has been a verbal agreement between the two sides on the major points.
The tentative agreement includes a 10-year CBA with a mutual opt-out clause after 8 years, contract term limits at seven years (eight years for a team to re-sign its own players) and a 2013-14 salary cap of $64.3 million, a source confirmed to ESPNNewYork.com.
Source: AP
The announcement was made after the two sides hashed out their remaining differences for more than 16 hours at a hotel in midtown Manhattan, spelling the end to a lockout that has persisted for almost four months and cost more than half the regular season.
A source told ESPNNewYork.com that the emphasis should be placed on the word "tentative." That source said there is still work to be done but there has been a verbal agreement between the two sides on the major points.
The tentative agreement includes a 10-year CBA with a mutual opt-out clause after 8 years, contract term limits at seven years (eight years for a team to re-sign its own players) and a 2013-14 salary cap of $64.3 million, a source confirmed to ESPNNewYork.com.
Source: AP