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An Agreement Has Been Reached

National Hockey League and the National Hockey League Players’ Association have an tentative agreement. The deal still requires majority approval from both the Board of Governors and the NHLPA membership before it can become official.

The tentative agreement is a 10-year deal with a mutual opt-out clause after eight years that includes contract term limits at seven years (eight years for a team to re-sign its own players). For the first year, the salary cap is $60 million but teams can spend up to $70.2 million in the transition period, while the floor is $44 million, the 2013-14 salary cap, a very divisive issue, will be $64.3 million, while the floor will remain at $44 million.