Aug 7, 2014, 11:16 AM EDT
The extension of the Memorandum of Understanding between the National Hockey League (NHL) and the Kontinental Hockey League (KHL) is particularly important in view of the current global political situation, KHL President Alexander Medvedev said on Thursday.
An agreement to extend for one more year the Memorandum of Understanding, which stipulates respect for contracts of professional players from the both Leagues, was signed on Thursday prolonging it until June 30, 2015. The memorandum is primarily aimed at resolution of disputable situations in case of players’ transfer from the one league to the other.
Basically, the memorandum of understanding requires each league to honor its respective contracts with players. For example, when Ilya Kovalchuk went to the KHL, his NHL contract with the Devils first had to be voided.
Only time will tell, given the current state of relations between Russia and much of the rest of the world, if these memorandums will be forthcoming in the future.
“The signing of the document is particularly important against the background of the current global political situation. It keeps the sport out of politics,” Medvedev told an ITAR-TASS correspondent. “I only want to express hope that our foreign partners, who manage ice hockey in the United States, Canada and Europe, will maintain such approach in the future.”
- Leafs sign Matthias — one year, $2.3 million 5
- Report: Kopitar, Kings in ‘early stages of negotiations’ for extension 5
- Arbitration filed: Holtby, Nyquist & Stepan highlight list released by NHLPA 12
- Report: Plotnikov paid $500K to get out of KHL contract 13
- Philadelphia signs ’15 first rounder Provorov 11
- Brandon Saad brings championship experience to Blue Jackets 22
- Sharks sign Joel Ward to three-year deal 25
- Sabres lock up O’Reilly through 2022-23 74
- Locked in: Columbus signs Saad to six-year, $36M deal 28
- Oilers sign McDavid to entry-level contract 29
- Blockbuster: Kessel traded to the Penguins (131)
- Trade: Flyers send Rinaldo to Bruins for 2017 third-rounder (105)
- Trade: Jackets land Saad; Anisimov and Dano headed to Chicago (93)
- Bypassing a buyout? Kings terminate Richards’ contract for ‘material breach’ (90)
- Sabres lock up O’Reilly through 2022-23 (74)