(CP) - Once the two sides ratify the proposed NHL labour deal next week, expect a radical makeover to the face of Canada's favourite pro sport.
A legal document that runs into hundreds of pages will mean a severe revision of the NHL landscape. In the stands, good seats may be available if fans who found other things to do during the lost season stay away.
On the ice, free-spending teams like the Toronto Maple Leafs will find themselves suddenly on an allowance. Players will be paid less. Many will find themselves wearing a new sweater as teams restructure their squads.
At the end of a year-long labour dispute that wiped out a season and caused even the most fervent fans to question their faith in the professional game, it appears there are no winners.
"At the end of the day everybody lost," said Hall-of-Fame player and Phoenix Coyotes part-owner Wayne Gretzky. "We almost crippled our industry. It was very disappointing what happened.
"For everyone to say 'all right, let's forgive and forget, let's move forward,' that's all fine and good but it's a lot easier said than done. It's going to take a long time, it's going to take a lot of hard work.
"We disappointed a lot of people and I don't just mean the average fan. I'm talking about TV partnerships, corporate partnerships, the fan, the guy who goes to one or two games a year with his son. We've got a lot of work ahead of us. It's not going to all change and be all nice overnight."
"To me, the players got hurt, the owners got hurt, the game got hurt," echoed Philadelphia GM Bob Clarke, in an interview. "It's pretty hard to sit here right now and say anything that happened is good over the last winter.
"It's a relief that the deal is done but there's been so much damage to everybody involved, now we've got to see how we can come out of it."
The players will gather next Wednesday and Thursday in Toronto to vote on the agreement in principle while the owners will meet next Thursday in New York.
Both sides are expected to approve the deal, paving the way for the NHL to reopen for business this fall.
"We're back to doing what everyone wants to do, which is watch and play hockey," said Gretzky.
Neither the NHL nor NHLPA trumpeted the breakthrough in talks. They released the same three-paragraph statement Wednesday around 12:30 p.m. EDT.
Neither offered any further comment pending ratification. The league is expected to follow that with a news conference to "relaunch" the game.
No word on NHLPA plans, although players generally welcomed the chance to resume playing the game they love.
"Everybody I'm talking to, just in their voice I can tell there's something special going on today," Sabres centre Daniel Briere said from Buffalo. "It's a been a long time. Everybody is just excited to know that hockey is back."
Devils CEO and GM Lou Lamoriello said it was a time to "move forward and not look back." But he acknowledged labour peace comes at a cost.
"There's no question, we all have to be honest, I don't think there's anything that we can sugar-coat," he said from New Jersey. "We went through this process for a reason, maybe some people agree or disagree, but it wasn't by any means out of spite or out of anything other than the sheer economics of where our game had gone."
The deal will be a bitter pill for players to swallow, given its harsh readjustment of the NHL financial equation. But having lost one season already, the alternative was missing more paycheques.
Veteran netminder Sean Burke, for one, expects the players to ratify the deal.
"I don't think the deal that we're going to get would have been ratified last summer," said Burke, a free agent like many of his brethren. "But I just think we've been worn down to the point where at this stage the deal would really have to be incredibly bad for the guys not to vote it in. At least that's the sense I'm getting."
The NHL and NHLPA said details of the agreement will not be released pending ratification.
But it's believed the six-year deal contains the following:
-A 24 per cent salary rollback on all existing contracts.
-The maximum on the salary cap for 2005-06 will be $39 million US while the minimum will be $21.5 million, based on projected revenues of $1.7 billion; Detroit led the league in 2003-04 with a payroll of $82.1 million.
-Player salaries cannot - on a league-wide basis - take up more than 54 per cent of team revenues;
-No player can earn more than 20 per cent of the team cap, which for 2005-06 means no player can earn more than $7.8 million.
-As of 2007-08, players - regardless of age - can become unrestricted free agents after seven years in the NHL, with the 2004-05 wiped-out season counting in the service time. That means any player who began his career in the NHL at the age of 18 can qualify for unrestricted free agency at 25. In the meantime, the age of unrestricted free agency will remain 31 this summer but will gradually be brought down to 27 by the end of 2007-2008 season.
-Revenue-sharing where the top 10 money-making clubs donate to a fund shared by the bottom 15 teams.
-The entry-level system will limit those players to $850,000 a year in salary (which it was 10 years ago) with bonuses not as easily reachable as the previous deal.
-Participation in the February 2006 Olympics in Turin, Italy.
A source said Wednesday that the belated 2005 NHL entry draft will be held in Ottawa on July 30, although it will be a much smaller event with only the very top prospects invited, including Crosby, the consensus No. 1 pick.
A draft lottery is slated to be conducted during Thursday's board of governors meeting.
The lottery, according to a source, will be weighted in favour of teams that have missed the playoffs over the last three years.
The game will return looking drastically different on and off the ice.
But the bottom line is the complicated collective bargaining agreement has given owners their long-desired "cost certainty."
Teams will come back looking vastly different as well.
Mass player movement is expected with a high number of free agents on the market as well as several high-paid players expected to get bought out so teams can fit under the cap.
On the ice, major rule changes are being examined to open up the game and create more excitement, likely including the reduction in the size of goalie equipment, allowing the two-line pass, and the penalty shootout to decide tie games during the regular season.
And there's much work ahead to lure back bitter fans and an apathetic corporate community.
In the end, the players caved in on an issue they swore they never would: the salary cap.
It's clear this isn't a deal NHLPA executive director Bob Goodenow was in favour of but he went along with it, respecting the wishes of union president Trevor Linden and the rest of the players' executive committee.
It's been a long and tumultuous road towards a resolution. From the first labour meeting in January 2003 to the last on Wednesday, both sides met 82 times over two and a half years before agreeing on the deal.
The lockout wiped out the entire 2004-05 season, including all 1,230 regular-season games, denying hockey fans a Stanley Cup champion for the first time since a flu epidemic cancelled the 1919 final between Montreal and Seattle. The NHL became the first major professional league in North America to lose a complete season because of labour strife.
Once commissioner Gary Bettman announced the season cancelled Feb. 16, both sides returned to the negotiating table March 11 in the first of 44 meetings aimed at making sure the 2005-06 season wouldn't be delayed.
The two sides met every single week starting in early May and didn't let up until the end, cramming in long days in the final six weeks.
A number of player agents are angry with Goodenow, feeling betrayed by his strategy from the get-go.
But while the owners appear to have scored a one-sided victory, it remains to be seen at what cost. The damage to the industry from not having any hockey played for a year may have both sides singing the blues.
Whatever the labour hangover, the NHL has taken a beating in a country where hockey is king.