Players ratify six-year contract deal
Posted on: Thursday, 21 July 2005, 15:20 CDT
By Frank Pingue
TORONTO (Reuters) - The National Hockey League (NHL) Players' Association voted to approve a new collective bargaining agreement on Thursday, ending the lockout that wiped out an entire season.
About 225 players were in Toronto to vote on the six-year deal which is believed to contain a $39 million salary cap for each of the NHL's 30 teams and a 24 percent rollback of salaries for players on existing contracts.
Players unable to attend were able to vote via the internet.
The NHL and its board of governors will meet in New York on Friday to rubber-stamp the new agreement, reveal the order for the 2005 entry draft and discuss possible rule changes for the forthcoming season.
The league imposed the lockout on September 16 and canceled the season in February, making it the first North American professional sports league to lose an entire season because of a labor dispute.
The draft, in which Canadian Sidney Crosby is tipped to be the first overall pick, is scheduled for July 30 in Ottawa.
Source: REUTERS
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