The National Hockey League (NHL) and Kontinental Hockey League (KHL) announced signing a Memorandum of Understanding that regulates player transitions between the two leagues. The agreement respects the professional contracts of players from both leagues and obliges both sides to complete a range of procedures to avoid conflicts in the process of players moving from one league to the other.
NHL Deputy Commissioner Bill Daly and KHL President Alexander Medvedev signed the memorandum, which is effective for one year until June 30, 2012.
"We believe that the achievement of a consensus on the status of hockey players in both leagues will reflect positively on the broader development of the sport of hockey," KHL president Alexander Medvedev said in a statement.
I don't know how he does it. I don't know how he gets his body parallel with the player and pulls it through his legs like that. I know he's tried it a couple times in practice and it's never worked, so how he does it in a game, it's incredible.
— Capitals defenseman Mike Green on teammate Alex Ovechkin's highlight-reel goal against the Devils on Saturday