The NHL Players Association and its union are negotiating an agreement on a new collective bargaining agreement with the NHL Players Players Association, which is expected to be announced as early as Thursday.
The deal, expected to cover both the salary cap and the salary of players, is expected in March.
The union has also agreed to include language in the agreement that would allow players to negotiate on a one-year contract.
The NHLPA, which represents the players and is the largest union in the league, said it is “confident” the agreement will be reached by March 31.
It also said it has “robust” financial resources to negotiate an agreement.
The league, which has had trouble keeping up with a growing market of high-paying athletes, said Wednesday that it will release its 2015-16 salary cap projection on Friday.
The cap is expected increase from $69.8 million to $71.9 million.
The projected salary cap for this season is $84.8 billion.
The next cap will be set in 2021.
The NFL and NHLPA have a history of negotiating.
The NBA and NFL Players Association have had a history, but they are not close to a deal on the current collective bargaining dispute.