Courtesy: JAMIE SABAU/NHLI VIA GETTY IMAGES

NHL Lockout is Over, 10-Year CBA Agreement

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Stay with us for updates as we find more out more details on the agreement to end the NHL lockout. 

It took 113 days, but we finally have hockey.

The NHL lockout is over after a tentative deal between the NHL and the NHLPA was reached early on Sunday morning after 16 hours of meetings, according to numerous reports.

The new CBA agreement will be for 10 years, with an opt-out clause after eight years and a $64.3 million salary cap. Contracts will be limited to seven years, eight to re-sign a player.

The two sides really came down to the wire to reach a deal, as a report indicated that Commissioner Gary Betttman would cancel the season on Thursday if no CBA was worked out.

The CBA will still need to be ratified by the NHL’s owners and players, but that is just a formality.

“We have reached an agreement on the framework of a new collective bargaining agreement,” said Bettman.

Information regarding scheduling, start date, season length, etc., will be settled later on Sunday.

 

 

 

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