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.
For six months, it's a really good accomplishment. But as soon as April [11, the end of the regular season] comes around, no one thinks about the regular season anymore. For six months, it's a real battle to get into the playoffs in the NHL these days. There are a lot of good teams, and it takes consistency over a long time.
— Ducks coach Bruce Boudreau on clinching a playoff berth after a win against the Islanders on Saturday