The National Hockey League and the National Hockey League Players Association have reached an agreement on a new CBA after a marathon session of meetings in New York City.
The deal, which mandates no less than 8 years of labour peace between the two sides, will need to be officially ratified before the 2013 NHL season can begin.
Emerging after 16 hours of consecutive talks between the two sides, NHL Commissioner Gary Bettman and NHLPA Executive Director Donald Fehr delivered the news:
Multiple reports indicate that the two sides agreed to a CBA with a 10 year term, containing a mutual opt-out clause after 8 years.
The season, expected to be at least 48 games in length, will open following brief training camps that will get underway this week.