On May 20th a memorandum of mutual understanding was signed by the Kontinental Hockey League and the National Hockey League.
According to the memorandum, the NHL will recognize the standard contracts of KHL players. The agreement also makes provision for the mutual exchange of information regarding the contracts of players in both leagues and the status of free agents. Furthermore, the two sides have devised a mechanism for resolving disputes concerning transfers of players between the leagues.
“Today we took an important step towards establishing a constructive partnership and mutual cooperation between the two leagues,” announced KHL President Alexander Medvedev. “We expect that in the future all questions regarding interaction between the KHL and NHL will be concluded in a solely civilized manner within the framework of the agreement reached today.”