September 13, 2012; New York, NY, USA; NHL commissioner Gary Bettman speaks during a press conference at the Crowne Plaza Times Square. Mandatory Credit: Brad Penner-USA TODAY Sports

The Lockout Has Ended

News coming out of New York City is that the NHL and NHLPA have reached a tentative agreement, ending the 2012-2013 lockout.  First broken by Adrian Dater of Sports Illustrated and Denver Post, then confirmed by Pierre LeBrun of ESPN, details have been leaking out slowly. Here is what has been reported so far;

CBA length will be 10 years with an opt out clause at 8 years.

Term limits on contracts for Unrestricted Free Agents will be 7 years (8 if staying with the same team)

Cap will be 64.5 million

NHL Players will play in Sochi Olympics as reported by Ian Mendes of Sportsnet, however this report is being widely disputed at this point. As best can be told, this will not be addressed in the CBA and will be dealt with when the time approaches.

Revenue Sharing will be greatly increased, a key demand by Donald Fehr

There are many items remaining to iron out, including how many games will be played and when the season will start, but fans can gasp a sigh of relief, hockey will be played this year.

Leafs fans should also understand the “Luongo Watch” officially begins this morning

We will continue to update as news comes in involving details.

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