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NHL signs agreement with KHL

Updated: October 4, 2010, 6:26 PM ET
ESPN.com news services

The NHL and Kontinental Hockey League signed a formal agreement to mutually respect each other's player contracts, the KHL announced Monday before a preseason game between the Carolina Hurricanes and SKA St. Petersburg.

Under the agreement, the NHL and KHL will honor each other's contracts and only free agents can switch leagues.

NHL deputy commissioner Bill Daly confirmed the agreement in an e-mail to ESPN.com's Pierre LeBrun on Monday.

The agreement ...

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