NHL hockey is back.
After another marathon negotiating session that ended at 5am Sunday morning the National Hockey League and NHL Players' Association have reached a tentative deal on a new 10-year collective bargaining agreement.
Both sides must now ratify the CBA, which could be done as early as Tuesday.
Depending on when the deal is ratified, the league could stage a 50 game season to start on January 15th or a 48 game schedule that would commence on January 19th.
Highlights of the new CBA.
A 10 year deal with an opt-out clause that kicks in after eight years.
Players' share of hockey-related revenue drops from 57 percent to a 50-50 split.
The upper limit on the salary cap in the first year is $60 million, but teams can spend up to $70.2 million. The cap floor is $44 million.
Revenue sharing among teams will spread to $200 million.
Salary variance on contracts from year to year cannot vary more than 35 per cent and the final year cannot vary more than 50 per cent of the highest year.
Contract term limits for free agents will be 7 years and 8 years for a team signing its own player.
Draft lottery will now include all 14 non-playoff teams.
The lockout cost the league 510 regular season games, including the Winter Classic and the All-Star Game in Columbus.