"The NHL and the NHL Players' Association have reached an agreement on an amendment to the rules that govern long-term contracts.

The two sides have also agreed to extend the 5pm et deadline to complete the paperwork involved with the Ilya Kovalchuk contract situation.

Kovalchuk's 15-year, $100 million contract with the New Jersey Devils has been approved as part of a new global settlement. Deals like those signed by Kovalchuk, Roberto Luongo, Marian Hossa, and Marc Savard will be the last of their kind."