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KHL, NHL reach new Memorandum of Understanding

Jul 15, 2012, 10:45 PM EDT

Alexander Medvedev Getty Images

The National Hockey League and Kontinental Hockey League have agreed to a new Memorandum of Understanding, according to the KHL’s website. The two leagues first inked a Memorandum of Understanding on June 30, 2011 and their new agreement will expire on June 30, 2013.

The new deal requires the leagues to exchange contract details and provide weekly updates on any changes. They should also exchange their free agent lists.

If a player has a disputed contract status, both parties are required “to do everything in their power to reach a consensus.” However, should the leagues be unable to reach a consensus, “each party reserves the right to act in the way it considers appropriate in such circumstances.”

“The new Memorandum is yet another very important stage of progress between the KHL and the NHL,” KHL president Alexander Medvedev said. “The previous agreement ran for one year, during which there was not a single failure – every transfer of a player between one league and the other was conducted without a single conflict situation arising. This shows how both organizations are playing by the same rules. In the near future we will be able to regulate with more precision any transfers of players from the NHL to the KHL and vice versa.”

  1. barcthespark - Jul 15, 2012 at 11:23 PM

    So the NHL can agree to an MOU with the KHL but cannot agree to a CBA with the NHLPA?

  2. ray2013 - Jul 16, 2012 at 4:07 AM

    Signing this MOU isn’t like dividing a billion-dollar pie, which is exactly what the CBA is. The game has grown over a billion dollars a year since the last CBA was signed, and both sides are going to want a bigger piece. Same thing as the NBA, same thing as the NFL. Owners win, players still get paid, and fans lose. Wake me when it’s over.

  3. dadawg77 - Jul 16, 2012 at 1:25 PM

    What does this mean if there is a lockout? Can NHL players still go and play for the KHL?

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