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Salary-cap agreement reportedly won't end lockout

Updated: June 9, 2005, 11:17 AM ET
ESPN.com news services

TORONTO -- The NHL and the NHL Players' Association have agreed on a salary-cap system, eliminating the biggest stumbling block to the resumption of play next season, the Toronto Globe and Mail reported on its Web site Wednesday.

The paper reported that a source close to the owners, and another close to both owners and players, said there would be a team-by-team salary cap, based on a percentage of the revenue of each franchise.

In what is believed to be a six-year agreement, based ...

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