The Kontinental Hockey League and the National Hockey League have agreed to continue to conduct player transfers according to the Memorandum of Understanding, and for that purpose have extended the term of the agreement for another year. The Memorandum, now valid until June 30, 2016, stipulates that each side must respect the contracts of players in the other league. Both sides are also obliged to observe a range of procedures aimed at avoiding conflict during the transfer of players from one league to the other, and to share information regarding players’ contractual status.
“Over the last few years a number of issues have arisen concerning relations between the KHL and NHL, and we have yet to find a compromise which is fully satisfactory for our League. We will continue to work toward this goal and strive to reach a far better level of cooperation with our friends across the Atlantic. For the moment, the extension of the Memorandum is just one of the many necessary measures needed to protect the interests of our clubs and players,” said KHL President Dmitry Chernyshenko.