The National Hockey League and its players reached a tentative agreement Sunday to end a labor dispute that was days away from leading to the cancellation of the season, reports Reuters.
The deal was announced jointly by NHL Players’ Association Executive Director Donald Fehr and NHL Commissioner Gary Bettman, after a 16-hour negotiation session that started Saturday, the story notes.
According to The New York Times, under the swiftest schedule, a regular season of 48 to 50 games could start by Jan. 15, but it’s possible that could be pushed back a few days because of ratifications, paperwork and the players’ wish for one exhibition game.
The agreement will be for 10 years, with either side opting out after eight. For the 2013-14 season, the salary cap will be $64.3 million, a drop from $70.2 million in the 2012-13 season, the story adds.