KHL and NHL have signed The Memorandum of Understanding Agreement

Today KHL and NHL signed the Memorandum of Understanding – the agreement, which confirms mutual respect of the two leagues for professional contracts of their players, obliges both parties to regularly perform a number of procedures aimed to avoid conflict situations during transfers of players from one league to another.

The Memorandum was signed by the KHL president Alexander Medvedev and the NHL deputy commissioner Bill Daly.

The document includes nine items:

1. Starting on July 1, 2011 both parties should exchange data on players having contracts in force with the KHL or NHL clubs, including name, surname, date of birth, club, contract expiry date and the player’s status. On demand of one of the parties, the other party should send a full copy of the player’s contract.

2. The KHL and the NHL must update data on any changes in players’ contracts database every week.

3. Both leagues should exchange their lists of free agents.

The rest of the details can be read here at Sports.ru.