Is The NHL Back? Players and Owners Reach Tentative Agreement
After months of ugly negotiations, it looks like the NHL and NHLPA have come to an agreement that will get everyone back on the ice.
According to ESPN, NHL commissioner Gary Bettman, and NHLPA executive director Donald Fehr stood together early Sunday morning to make the big announcement.
The deal is a reported 10 year deal, with a mutual opt out for both sides after eight years. The first year of the deal sets the NHL salary cap at $60 million. For the 2013/2014 season the salary cap will be raised to $64 million. Complete deal breakdown here.
While both sides have a verbal agreement, there is still a lot of work to do to make it official. The 2012/2013 NHL lockout lasted a total of 113 days, and 510 days have been missed. The Stanley Cup playoffs are expected to stretch into late June to make up for the lost time.