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01-06-2013, 05:41
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NHL, union have tentative agreement
Updated: January 6, 2013, 6:17 AM ET
By Katie Strang (http://search.espn.go.com/strang-katie) | ESPNNewYork.com
541 (http://espn.go.com/nhl/conversations/_/id/8817955/nhl-nhlpa-reach-tentative-agreement-source-says)
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NEW YORK -- The lockout appears to finally be over.
A tentative agreement has been reached between the NHL and NHL Players' Association, multiple sources confirmed to ESPN.com.
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 collective bargaining agreement with a mutual opt-out clause after eight years and contract term limits at seven years (eight years for a team to re-sign its own players), a source confirmed to ESPNNewYork.com.
Sources said the 2013-14 salary cap, a very divisive issue, will be $64.3 million while the floor will be $44 million.
Word of the agreement came 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.
George H. Cohen, director of the Federal Mediation and Conciliation Service, issued a statement congratulating the NHL and NHLPA.
"The negotiated agreement represents the successful culmination of a long and difficult road in which the parties ultimately were able to reach mutually acceptable solutions to a wide variety of contentious subjects of bargaining," he said.
NHL, union have tentative agreement
Updated: January 6, 2013, 6:17 AM ET
By Katie Strang (http://search.espn.go.com/strang-katie) | ESPNNewYork.com
541 (http://espn.go.com/nhl/conversations/_/id/8817955/nhl-nhlpa-reach-tentative-agreement-source-says)
EMAIL (http://sendtofriend.espn.go.com/sendtofriend/SendToFriend?URL=http%3A%2f%2fespn.go.com%2fnhl%2f story%2f_%2fid%2f8817955%2fnhl%2dnhlpa%2dreach%2dt entative%2dagreement%2dsource%2dsays&title=Sources%3A+NHL,+union+have+tentative+agreeme nt&id=8817955)
PRINT (http://espn.go.com/espn/print?id=8817955&type=story)
NEW YORK -- The lockout appears to finally be over.
A tentative agreement has been reached between the NHL and NHL Players' Association, multiple sources confirmed to ESPN.com.
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 collective bargaining agreement with a mutual opt-out clause after eight years and contract term limits at seven years (eight years for a team to re-sign its own players), a source confirmed to ESPNNewYork.com.
Sources said the 2013-14 salary cap, a very divisive issue, will be $64.3 million while the floor will be $44 million.
Word of the agreement came 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.
George H. Cohen, director of the Federal Mediation and Conciliation Service, issued a statement congratulating the NHL and NHLPA.
"The negotiated agreement represents the successful culmination of a long and difficult road in which the parties ultimately were able to reach mutually acceptable solutions to a wide variety of contentious subjects of bargaining," he said.