Newspapers are reporting that the National Hockey League and its players' association have reached a tentative deal on a new collective bargaining agreement that, if finalized, would end a lengthy lockout. The agreement will feature a hard salary cap linked to 54 percent of league revenue, a 24 percent rollback of existing contracts and qualifying offers. It will also include a provision that will limit the salary of any player to 20 percent of the team cap figure in any season.
See "Report: NHL Players, League Reach Deal", Associated Press, The New York Times, July 6, 2005