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The National Hockey League and the players union announced today a deal in principle on a new collective bargaining agreement, ending a bitter battle that wiped out the 2004-05 season and weakened the sport's tenuous hold on the American sports audience.
The six-year agreement must be ratified by the NHL's Board of Governors, which is expected to unanimously approve a deal that for the first time gives owners a salary cap and other stringent salary limits as tools to manage their spending.
Approval by the NHL Players Assn. could be more contentious, as players digest the complex details of a 600-page agreement. The agreement was announced at mid-morning after an all-night negotiating session in New York.
SourceThe six-year agreement must be ratified by the NHL's Board of Governors, which is expected to unanimously approve a deal that for the first time gives owners a salary cap and other stringent salary limits as tools to manage their spending.
Approval by the NHL Players Assn. could be more contentious, as players digest the complex details of a 600-page agreement. The agreement was announced at mid-morning after an all-night negotiating session in New York.
w00t!!! Hockey season on again next year!!!