NHL, union reach tentative agreement

Hockey fans can finally rejoice, the NHL lockout is over after 113 days.


through the night with the aid of a federal mediator, the NHL and NHLPA

agreed to terms on a new 10-year collective bargaining agreement

shortly before 5 a.m. on Sunday to get players back on the ice.


executive director) Don Fehr and I are here to tell you that we have

reached an agreement on the framework of a new collective bargaining

agreement, the details of which need to be put to paper,” NHL

commissioner Gary Bettman told reporters in New York, according to


According to Canadian cable broadcaster TSN, the league

has plans for both a 50- and 48-game schedule, depending on when the two

sides formally ratify the deal. A 50-game season could start as soon as

Jan. 15.

Among the highlights of the deal are that the players’

share of hockey-related revenue will fall from 57 percent to 50 percent

for all years of the agreement. (The agreement has an opt-out

deal after eight years.)

Whereas previously the league had no

maximum on the length of player contracts, the new deal will limit them

to seven years but that increases to eight in the instance of a team

re-signing its own player. Also, salaries on multi-year deals for

individual players cannot vary by more than 35 percent from year to year

and by a total of more than 50 percent for the length of the deal. This

will end deals such as that signed by Ilya Kovalchuk with New Jersey in

2010 in which he will make $11.8 million in 2016-17 and as little as $1

million for three straight seasons starting in 2020-21, according to

the website CapGeek.com.

Significantly for the league’s small-market teams, revenue sharing reportedly will increase to $200 million per season.


new agreement sets the salary cap for the 2013 season at $60 million

(down from what was set at $70.2 million in June under the old

agreement), but, the CBA will allow teams to spend to

$70.2 million. The cap floor, which under the former CBA, was always $16

million less than the ceiling, will be $44 million for the ’13 season.


to CapGeek, the Nashville Predators had committed $54.7 million in

salaries to 22 players for the coming season and the Carolina Hurricanes

had committed $58.1 million to 23 players (the maximum allowed on


In the second year of the deal, the cap will be $64.3

million, which was the limit in the 2011-12 season, with the floor

remaining at $44 million. The deal also includes provisions entering the

coming season for teams to buy out players’ contracts.


addition, the league’s draft lottery will change. All 14 teams that miss

the playoffs will be eligible to win the first overall pick, which was

not the case in the past. Also, teams could not fall more than four

spots from their original draft order based on their regular season

record under the old lottery system. That provision no longer will