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NHL Lockout Ends: Live Updates on Latest Details from Tentative CBA Deal

NEW YORK, NY - DECEMBER 04:  (L-R) Bill Daly, Deputy Commissioner of the National Hockey League and Steve Fehr of the NHL Players Association address the media following negotiations at the Westin Times Square Hotel on December 4, 2012 in New York City.  (Photo by Bruce Bennett/Getty Images)
Bruce Bennett/Getty Images
Mark JonesSenior Analyst IJanuary 6, 2013

Well, it's over.

The day hockey universe has waited four months for has, at last, arrived.

No more empty rinks. No more messy mediation sessions and cringe-worthy press conferences. No more Gary Bettman—at least, for the most part.

And yes, more hockey.

The disgust and depression has faded—albeit perhaps briefly—into a morning of elation and excitement, of anticipation for a coming 48- or 50-game season (that's still a great many hours of hockey) and of appreciation for the miracle that mediator Scot Beckenbaugh pulled off over the last few days.

But today has brought more than the mere end of the lockout—it's also led to a new collective bargaining agreement, which may well dictate the entire future of the NHL for the coming decade.

There are a lot of changes to take in, from revised salary-cap rules to an expanded draft lottery to the potential conference-to-conference switch of Columbus and Winnipeg.

We'll have all the details below as more information on today's breaking CBA deal leaks out. 

 

Salary Cap Specifics

On first-year cap: upper limit is $60 M but teams can spend up to $70.2 M. Cap floor is $44 M

— Pierre LeBrun (@Real_ESPNLeBrun) January 6, 2013

 

On first-year cap: upper limit is $60 M but teams can spend up to $70.2 M. Cap floor is $44 M

— Pierre LeBrun (@Real_ESPNLeBrun) January 6, 2013

 

Small correction: Minimum salary only reaches $750,000 in Year 10 of new CBA. It will start at $525,000.

— Chris Johnston (@reporterchris) January 6, 2013

 

@reporterchris reporting that this season anything over 900K in AHL that is a one way deal counts on a team's cap

— Brennan Klak (@nhlupdate) January 6, 2013

 

Pension Plan

Been saying all day,new pension is Defined Benefits Plan for players...issue being discussed is how teams will limit long term liability.

— John Shannon (@JSportsnet) January 6, 2013

 

CBA Ratification

#NHLPA will hold conf. call with Exec board, then players will need to be educated on #cba before players eventually vote

— Andy Strickland (@andystrickland) January 6, 2013

The NHL's new CBA will ultimately need to be ratified by both a majority of the 30 league owners and approximately 740 players.

— Chris Johnston (@reporterchris) January 6, 2013

 

Update on Coyotes' Purchase Situation

On heels of the tentative CBA deal, good news from Phoenix...the Jamison Group is on verge of announcing purchase of Coyotes from NHL.

— John Shannon (@JSportsnet) January 6, 2013

 

When Will Season Start?

OK, again. From info I have, camp to start Wed and season on Jan. 16. No exhibition games.

— Chip Alexander (@ice_chip) January 6, 2013

 

Don't be surprised if NHL announces a 52-game schedule, assuming CBA is ratified in next couple days.

— Jason Kay (@JKTHN) January 6, 2013

Have been told by reliable source but not confirmed by NHL yet that playoffs will end penultimate week of June and draft last wknd in June

— Jimmy Murphy (@MurphysLaw74) January 6, 2013

 

For the shortened 2012-13 NHL season, there's talk of an April 5 trade deadline and July 5 start to free agency. Still to be settled.

— Chris Johnston (@reporterchris) January 6, 2013

 

Revenue Sharing

Confirming revenue sharing will spread $200 million. Additionally, $60 mil PA initiated growth fund also included.

— Darren Dreger (@DarrenDreger) January 6, 2013

 

Draft Lottery

Draft lottery will change. All 14 teams fully eligible for 1st pick overall. Weighting system may remain, but 4-move restriction out.

— Darren Dreger (@DarrenDreger) January 6, 2013

 

Two Buyouts per Team Next Summer

As part of new CBA, each team can use up to two compliance buyouts prior to 2013-14 season. Will count against players' share.

— Chris Johnston (@reporterchris) January 6, 2013

 

 

Other Details, per Chris Johnston of the Canadian Press:

— The CBA will run for 10 years through 2021-22, with an option to terminate the deal after eight years.

— Seven-year limit on free-agent contracts (eight-year limit when a team signs its own player to an extension).

— A maximum salary variance of 35 per cent from year to year, with no more than a 50 per cent total difference between any two seasons in the contract.

— Teams can only walk away from a player in salary arbitration who is awarded at least $3.5 million.

— Unrestricted free agency continues to open on July 1.

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