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NHL, union reach tentative agreement

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The players have been locked out since Sept. 16, the day after the previous agreement expired. That deal came after an extended lockout that wiped out the entire 2004-05 season.

"Any process like this is difficult. It can be long," Fehr said.

Time was clearly a factor, with the sides facing a deadline of Thursday or Friday to reach a deal that would allow for a 48-game season to start a week later. Bettman had said the league could not allow a season of fewer than 48 games per team.

All games through Jan. 14, along with the All-Star game and the New Year's Day Winter Classic had already been canceled, claiming more than 50 percent of the original schedule.

Without an agreement, the NHL faced the embarrassment of losing two seasons due to a labor dispute, something that has never happened in another North American sports league. The 2004-05 season was lost while the sides negotiated hockey's first salary cap.

Under the new CBA, free-agent contracts will have a maximum length of seven years, but clubs can go to eight years to re-sign their own players. Each side can opt out of the deal after eight years.

The pension plan was "the centerpiece of the deal for the players," Hainsey said.

The actual language of the pension plan still has to be written, but Hainsey added there is nothing substantial that needs to be fixed.

The players' share of hockey-related income, a total that reached a record $3.3 billion last season, will drop from 57 percent to a 50-50 split. The salary cap for the upcoming season will be $70.2 million and will then go down to $64.3 million in the 2013-14 season.

All clubs must have a minimum payroll of $44 million.

The league had wanted next season's cap to fall to $60 million, but agreed to an upper limit of $64.3 — the same amount as last season.

Inside individual player contracts, the salary can't vary more than 35 percent year to year, and the final year can't be more than 50 percent of the highest year.

A decision on whether NHL players will participate in the 2014 Olympics will be made apart from the CBA. While it is expected that players will take part, the IOC and the International Ice Hockey Federation will have discussions with the league and the union before the matter is settled.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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