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.
You get more opportunity, and at the end of the day those are the times you've got to step up and show what you're made of. Together as a team, that's how you win games. I think we stuck together. That's kind of our philosophy here. We have good leadership and good guys to lean on.
— Calgary Flames forward Sean Monahan after a win against the Nashville Predators on Friday