Well Its Over.......so what

well the Players Union and Owners reached a tentative deal to settle the Lockout that has now cost the league over half the season.

click for Full Details Here from NHL.com

NEW YORK -- The National Hockey League and the National Hockey League Players' Association reached agreement on the framework of a new Collective Bargaining Agreement early Sunday morning.

After a marathon 16-plus hour negotiating session at the Sofitel Hotel that began Saturday afternoon, the sides announced an agreement in principle shortly after 6 a.m. Sunday.

The League did not announce the start date of the season or the number of games each team will play. Those details will be announced soon.

The deal, agreed to at approximately 4:40 a.m., was announced jointly by NHL Commissioner Gary Bettman and NHLPA Executive Director Donald Fehr in the same hotel conference room where the negotiations were conducted with the assistance of Scot Beckenbaugh, Deputy Director for Mediation Services for the Federal Mediation and Conciliation Service.

"Don Fehr and I are here to tell you that we have reached an agreement on the framework of a new Collective Bargaining Agreement, the details of which need to be put to paper," NHL Commissioner Gary Bettman said. "We have to dot a lot of I's and cross a lot of T's. There is still a lot of work to be done, but the basic framework has been agreed upon. We have to go through a ratification process and the Board of Governors has to approve it from the League side and, obviously, the players have to approve it as well. We are not in a position to give you information right now about schedule, when we are starting. It's early in the morning and we have been at this all day and all night, obviously. But, we will be back to you very shortly, hopefully, later today with more information in that regard."

Fehr, meanwhile expressed an eagerness for his constituency to get back to playing hockey after a negotiation that stretched across 113 days.

"Any process like this in the system we have is difficult; it can be long," Fehr said. "I've said repeatedly throughout this process, somebody would say, 'What do you see ahead?' And, the answer was, 'You get up tomorrow and you try to find a way to do it and you keep doing that until you find a way to succeed.

"As Gary just indicated, we have the framework of a deal. We have to do the legal work and we have to do the constituent-communication work. At least, from my [standpoint], and I'm sure Gary's too, we need to let them know the details before we tell all of you. Having said that, hopefully, we're at a place where all those things will proceed fairly rapidly and with some dispatch and we'll get back to what we used to call business as usual as fast as we can."

Beckenbaugh, who took part in these negotiations at three different junctures of the overall process, worked with both sides from this past Wednesday until the deal was finalized Sunday morning. Commissioner Bettman praised the work of Beckenbaugh and thanked the mediator for the role he played in the potential settlement.

"I want to recognize the extraordinary contribution that my colleague, Scot Beckenbaugh, Deputy Director for Mediation Services, made in providing herculean assistance of the highest caliber to the parties throughout the most critical periods in the negotiations," FMCS Director George Cohen said as part of a statement.

The new CBA, which still must be drafted and formerly approved by both parties, would replace the agreement that expired Sept. 15.

More to come.