NHL Lockout is Over – Players Returning To NHL From AHL

The NHL and the players’ association reached a tentative agreement early Sunday to end a nearly four-month-old lockout that threatened to wipe out what was left of an already abbreviated season.

According to the SportingNews there was a  marathon negotiating session yesterday that lasted more than 16 hours, it started Saturday afternoon and ended around 5 am this morning.

Here is part of the article from the SportingNews.

“We’ve got to dot a lot of Is and cross a lot of Ts,” Commissioner Gary Bettman said. “There’s still a lot of work to be done.”

The collective bargaining agreement still must be ratified by a majority of the league’s 30 owners and the union’s membership of approximately 740 players.

Under the negotiated 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,” said Winnipeg Jets defenseman Ron Hainsey, who took part in negotiations throughout the process.

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

The players’ share of hockey-related income, 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 drop to $64.3 million in the 2013-14 season. All clubs will have to have a minimum payroll of $44 million. read more on this at SportingNews NHL.

From the Pittsburgh Penguin News a quote from Sid the Kid

“I am really happy that a deal was reached and we’re all excited to get back to playing hockey. Thank you to all of our fans for hanging in there with us!” – Sidney Crosby

Now what does this mean for WBS? We can expect to lose Eric “Big Dog” Tangradi and Brian Starit, But we are waiting on word as to who will move when and who will come up from wheeling and when.

There still remains the fact of training camp all though abbreviated I am sure and injuries should make for some interesting movement.

More as we get it .

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About B.Pettit

Lead Journalist - Owner - Editor Covering mainly the WBS Penguins I can be followed on Twitter @PensFans4Ever or my Personal twitter @PF4EButchPettit
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