Hat tip to Brandon Worley of “Defending Big D” for the following list of “what we know has been ironed out and what is supposedly on the table.”

  • A 10-year CBA with an opt-out clause after eight years.
  • A five year term limit on all new contracts; teams would be able to sign their own players for seven years.
  • $300 million in “make whole,” with $50 million of that going toward pensions.
  • A 5% year-to-year variance limit on all new contracts.
  • Free agency and arbitration rules would stay the same (27 years old or 7 years pro).
  • The 50-50 split between players and owners that would reach 50% share by year three or four of the deal.

We also know prior to this week’s meetings the two sides had (as per Kevin McGran of The Toronto Star) reached “common ground”: on the following:

Change the free agent calendar, meaning the market would open on June 15 or 48 hours after the awarding of the Stanley Cup — the players want whichever is later — instead of July 1. Arbitration dates may change as well.

 • Allow cap space to be included in transactions, to encourage trades and get teams out from under heavy contracts.

 • A joint health committee.

 • Eliminate re-entry waivers.

 • A neutral, third-party arbitrator to deal with appeals for on- and off-ice discipline.

 • Minimum roster requirements to avoid situations where teams dress fewer than 18 players to save salary cap room.”

It remains to be seen what ultimately ends up in the final version. For now, cross your fingers, NHL fans, and hope they reached an agreement soon.