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NHL, KHL extend memorandum of understanding

Aug 7, 2014, 11:16 AM EDT

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From ITAR-TASS News Agency in Russia:

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.”

Related: Ovechkin would have to negotiate out of current deal to head to KHL

  1. anthj99 - Aug 7, 2014 at 11:43 AM

    What incentive does the KHL have to keep renewing this agreement? Unless they think they’re going to be the destination of choice for the world’s best players one day and want to have this history of cooperation when that extremely unlikely event occurs.

    • c9castine - Aug 7, 2014 at 12:02 PM

      ethics and sportsmanship?

  2. 950003cups - Aug 7, 2014 at 12:05 PM

    The only “understanding” I’m aware of, is that the Devils got screwed.

    • stakex - Aug 7, 2014 at 1:07 PM

      I think that had more to do with some oddities in the CBA, and the Devils own desire to accept the situation.

      • 950003cups - Aug 7, 2014 at 2:35 PM

        Actually, your’re spot-on. But we, the fans, still got screwed either way you look at it. We sucked when he left. He was a guaranteed SO goal. Him and Parise. When they left we were exposed.

  3. stixzidinia - Aug 7, 2014 at 1:17 PM

    The NHL doesn’t really need to worry about this agreement. It was a symbolic gesture. The sanctions on Russia will heavily affect an already cash-strapped league and they have already been levied against guys with deep ties in that league. You know it’s bad when the Gegarin CUp winner folds.

  4. flyboystransport - Aug 7, 2014 at 2:10 PM

    They’re trying to have exhibition games against each other and need a good agreement business wise to get it going

  5. Gigagigagilgamesh - Aug 7, 2014 at 7:11 PM

    f IT…
    The Kings want Prokhorkin now!!!

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