The NHL and the NHL Players' Association are nearing a new collective bargaining agreement (CBA) that will modernize the league's operational structure. Key highlights include a shift towards an 84-game season starting in 2026-27, a cap on player contracts at six years for free agents and seven for re-signing players, and the uniformity of signing rights for drafted players. The agreement aims to close loopholes that currently let teams exploit long-term injured reserve (LTIR) strategies, such as the Tampa Bay Lightning's usage of Nikita Kucherov during their playoff run, which drew significant criticism for salary cap circumvention.

Additionally, signing bonuses will be capped at 60% of a player's total salary to encourage teams to consider buyouts. The NHL has also projected a steady increase in the salary cap over the next three seasons. The relationship between the league and the PA has markedly improved, evolving into a more collaborative partnership, unlike the adversarial histories of past negotiations.