The NHL and NHLPA are closing in on a deal that will allow the 2020 Stanley Cup Playoffs to be played in August and September, according to reports. The deal will also extend the current CBA, deal with transition details due to COVID-19 and address Olympic participation for NHL players in both 2022 and 2026.

Here are some of the key details of the deal between the NHL and NHLPA that could be ‘tentatively’ agreed to as early as today.

*The NHL salary cap will remain flat at $81.5 for the next two seasons and then go to $82.5 million in 2022-23. 

This will greatly impact teams that are close to the cap and were banking on a sharp increase this off-season. The Oilers are in that group of teams. They’ll need to get creative in order to ice competitive rosters in the next two years. This puts an emphasis on value contracts and development, which are two areas the organization struggled in previously.