3:45 pm: Chris Stevenson via twitter: “will grandfather in other deals for limits on new contracts.”
3:41: Tom Gulitti via twitter: “CBA amendment would involve stipulations on cap hit for deals going past age 35 and age 40.”
3:40 pm: Nick Kypreos via twitter: “All that’s happened is clubs can no longer use age 41 and over to reduce the cap hit.”
3:10 pm: Darren Dreger of TSN: Sources are telling TSN (various other confirmation on twitter) that the NHL and NHLPA have reached agreement regarding amending the rules that govern long term contracts. They are working on the paperwork to finalize the deal before the 5 pm deadline they set on Wednesday.
The agreement between the 2 sides means that the Kovalchuk deal will be approved.
