NHL and players' union sign MoU to end lockout
January 13 , 2013
The National Hockey League (NHL) and the National Hockey League Players' Association (NHLPA) signed a memorandum of understanding to end the work stoppage on Saturday.
Teams also released their 48-game schedules.
The shortened season is set to start on January 19 with 26 of the league's 30 teams to play on the first night.
The season will end with 13 games on April 27 and the Stanley Cup playoffs will begin three days later.
The new agreement will last for ten years, with an opt-out clause after eight.
Under the new deal, the longest in league history, hockey related revenues are to be distributed equally between owners and players.
Players' contracts will be limited to seven years or eight if teams re-sign their own players.