It is being reported by Katie Strang of ESPN New York that the NHL and NHLPA have reached a tentative agreement to save the 2012-2013 NHL season. There has been a verbal agreement between the two sides, but they still need to finalize the details. The deal appears to be for 10 years with an opt-out clause for either side after eight years and also includes a term limit on contracts of seven years (eight years for a team to re-sign its own player).
The deal could possibly be finalized by the board governors and NHLPA as soon as Tuesday morning. Depending on how quickly both sides ratify the deal, the season could start on Jan. 15th with a 50-game schedule or Jan. 18th for a 48-game schedule. The playoffs would then run into late June due in part to the delayed start and shortened season.
From what is being reported about the deal, the salary cap will be $60 million the first year but the teams can spend up to $70.2 million with a floor of $44 million. The Olympic participation by players was not part of this deal, but the two sides are going to work in a sidebar to iron out a separate agreement regarding the Olympics and the World Cup of Hockey.
Robert W. Ekberg is a staff writer for SportsOutWest and Los Angeles Area-based sports journalist. Follow him on twitter @Robke24
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