There's finally peace in the NHL.
After 113 long days, the NHL and the NHLPA (players' union) came to an agreement in the wee hours Sunday morning after more than 16 hours of negotiation.
According to TSN's Aaron Ward, a former Wing, Darren Dreger and Pierre LeBrun, the new collective bargaining agreement, will include the following elements:
The CBA is for 10 years with an opt-out clause after eight years.
The players' portion of hockey-related revenue will go from 57 percent to 50 percent for the 10 years of the agreement.
The salary cap for the second year will be 64.3 million, the same as last year's maximum. The minimum will be 44 million.
In the first year of the agreement, the maximum salary cap is 60 million but teams are permitted to spend up to 70.2 million pro-rated. The minimum will be 44 million.
Each team can use two amnesty buyouts to get rid of contracts after this season and next season. The buyouts will count against the players' overall revenue share b...