[CRS]

Sources tell TSN that 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 are now working on getting the paperwork done in time for the 5pm et deadline both sides agreed upon to render a verdict on the Ilya Kovalchuk contract situation.

The agreement means that Kovalchuk's contract with the New Jersey Devils will also get approved as part of a new global settlement. His 15 year, $100 million will be approved once all of the agreements between the league and PA are signed. Deals like those signed by Kovalchuk, Roberto Luongo, Marian Hossa, and Marc Savard will be the last of their kind.

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http://tsn.ca/nhl/story/?id=332542