The lockout is over...

113 days later, the NHL and the Player's Association have reached a tentative agreement on a ten year collective bargaining agreement that will allow the NHL the ability to resume play this season.

With the agreement in place, the NHL will resume play with either a 50 or 48 game schedule that will begin play wither on the 15th of January (50 game) or the 19th (48 game).  The NHL will release their schedule shortly.

Key facts on the tentative CBA that has been reached:

-10 year agreement, with the ability to opt out after eight years.

-50-50 split of Hockey Related Revenue for all 10 years

-$300 million to comensate for reduced player contracts (Make Whole Provision)

-Salary cap for 2013 season is $70.2 million (prorated), 2013-14 - $64.3 million

-Contract length is now seven years maximum, eigh years if the playes is your own free agent.

- Contract variance is no more than 50% difference from the highest year to lowest year, with a maximum variance of 35% from year to year.

Keep it on CKNW 980 for updates on the NHL schedule and all other NHL lockout news.