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9:53 am
Sun January 6, 2013

NHL Lockout is Over

Credit National Hockey League

The Buffalo Sabres will be hitting the ice soon. TSN in Canada reports that the National Hockey League and the NHL Players Association has reached an agreement to end the 113-day NHL lockout. Both side have agreed to a 10-year agreement just before 4 a.m.

According to TSN, the agreement includes:

  • A 50-50 split in revenues between the players and owners
  • A salary cap in Year 1 of $60 million (but teams can spend $70.2 million), with a Year 2 cap of $64.3 million
  • An opt-out clause after 8 years

The season is expected to begin around January 19 with the full NHL schedule for all 30 teams, including the Buffalo Sabres, is expected to released shortly.