NHL agrees provisional deal to end lockout

  • The National Hockey League (NHL) has reached a provisional agreement with players to end a near four-month lockout.

    Following 16-hours of negotiations over the weekend, the two parties agreed a "framework", which still needs to be approved.

    "We have to dot a lot of i's and cross a lot of t's," said NHL Commissioner Gary Bettman.

    The two sides remain conflicted over how to split $3.3 billion in revenue.

    A decision about when to restart games has also not yet been agreed.

    The existing 2012-13 NHL schedule has been canceled up until January 14.

    The NHL imposed a lockout, which halted all league operations, when the previous collective bargaining agreement expired in September with the owners and players at odds over how to split a $3.3 billion revenue pie.

    It marks the first time regular season action has been canceled since a lockout wiped out the entire 2004-05 season.

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