New deal tentatively in place.
The Rundown:
- Free Agent contracts can not go beyond seven years, though if they resign with their old team, they may go a maximum eight years.
- All Hockey related income will be split like Basketball, 50-50. Under the old deal, it was 57-43 in favor of the players.
- Salary Cap for the remainder of the year will be set at $70.2 million. Next year, the cap will be at $64.3 million, however, each team must have a minimum salary of $44 million.
- The CBA will last 10 years, however, according to TSN Canada, there is an opt-out clause that could take effect after eight years.
- The remaining games that are yet to be canceled could be played as early as Jan. 19(a 48 game season).
EDIT: This was copied and pasted from another board that I talk hockey. Please ignore the news like status of the wording.