On Friday afternoon, the NHL and the NHLPA have finally agreed on resuming the 2019-20 season and extending the collective agreement for four years. According to Frank Seravalli the NHLPA membership voted 502-135 in favor of the agreement. A new CBA package includes a salary cap at $81.5 million which will remain flat until the league’s revenue reaches $4.8 billion, a 20 percent cap on escrow for the next season, and permission to participate in the 2022 and 2026 Winter Olympics (which still depends on an agreement with the IOC). Edmonton and Toronto are officially confirmed as two hub cities.