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NHL Owners Approve New CBA

Bruce Bennett/Getty Images(NEW YORK) -- The NHL owners unanimously ratified the new tentative collective bargaining agreement on Wednesday. The players’ association is expected to vote later this week. Two-thirds of its members need to agree to the deal.

“I know an explanation or an apology will not erase the hard feelings that have built up over the past few months, but I owe you an apology nevertheless,” NHL commissioner Gary Bettman said.

An agreement between the two sides was struck early Sunday morning, the 113th day of the lockout.

"As our League moves toward what we know will be a period of growth for the sport, and a time of great excitement and entertainment for our fans, I would add the appreciation of the Board for the dedication the players showed during the negotiating process – and for their role in securing an agreement that will move the National Hockey League forward in the years ahead. There’s no doubt we all love this game,” Boston Bruins owner and chairman of the board of governors Jeremy Jacobs said in a statement.

The NHL says they won’t release the 2013 schedule until the players have agreed to the deal.

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