Russia to Sign IIHF Transfer Agreement

(ATR) Russia is expected today to sign a new player transfer agreement from the International Ice Hockey Federation and the NHL, ending a two-year holdout.

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Vladislav Tretiak, president of the Russia Ice Hockey Federation.(ATR) Russia is expected today to sign a new player transfer agreement from the International Ice Hockey Federation and the NHL, ending a two-year holdout.

Under the new agreement, the 30 NHL teams will donate a total of $10 million to $12 million to an annual transfer pool administered by the IIHF. From that pool, European clubs will receive $200,000 for every player signed by an NHL team.

"To have everybody on board in a player transfer agreement is vital. The situation, when one important nation is not part [of it], creates an uneasy situation for everybody," IIHF president Rene Fasel told ESPN.

"On the other hand, the mandate of the Russian Ice Hockey Federation is to do things that are in the best interest of Russian hockey. When they sign, they must feel that they are signing a deal which is acceptable for them. We are in a process where we are planning to extend our relationship with the NHL and that development could be affected negatively if Russia is not part of it."

The IIHF and NHL agreed on a similar deal in 2005 after the NHL lockout, which included Sweden, Finland, Slovakia and the Czech Republic. Russia Ice Hockey Federation president Vladislav Tretiak agreed to the plan, but owners of the country’s elite league teams elected to hold out because they wanted millions of dollars in compensation for losing its top players.

The Russian owners filed lawsuits against four players and their NHL teams: Alexander Ovechkin and Alexander Semin (Washington Capitals), Evgeni Malkin (Pittsburgh Penguins), and Nikolai Zherdev (Columbus Blue Jackets). The owners lost each case.

"The basic proposal is in place and to that there should not be many changes," IIHF spokesman Symon Szemberg told reporters. "But you don't know if this proposal will result in a signed agreement. We are pretty sure the other European nations, apart from Russia, are eager to sign."

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