NEW YORK, July 13 (UPI) -- The National Hockey League and NHL Players' Association say they have come to terms on a collective bargaining agreement that will end a 300-day lockout.
The league's lockout, which began in mid-September caused the cancellation of the 2004-05 season.
Details of the new agreement will not be made public until formal ratification by the NHL Board of Governors and the union's membership.
The Sports Network of Canada reported that it is a six-year deal that includes a team-by-team salary cap with a range between $21 million and $39 million in the first year and player costs cannot exceed 54 percent of hockey-related revenue.
TSN also said the agreement has a 24-percent rollback of salaries for any player with time remaining on a current contract.
The NHL was the first major North American sports league to cancel an entire season because of a labor dispute.
