NHL, union reach tentative agreement
By Krista Hostetler. CREATED Jan 6, 2013
NEW YORK (AP) -- The deal still needs to be ratified, but it appears NHL hockey is back.
It took nearly four months and one long night for the league and the players' association to agree on a tentative pact to end the now 113-day lockout and save what's left of a fractured schedule. The deal came together thanks to federal mediator who pushed the sides through a 16-hour negotiating session that stretched from yesterday afternoon until just before dawn.
The 10-year deal would see the players' share of hockey-related income drop from 57 percent to a 50-50 split and a lowering of the salary cap.
If it's ratified, the NHL will avoid the embarrassment of having a second season lost because of a labor dispute when no other North American sports league has ever had to cancel one. A lockout eight years ago that ushered in a salary-cap system to hockey for the first time wiped out the entire 2004-05 season.