Highlights of the new agreement include:
-The deadline for signing players under contract is June 15, for each of the four years. IIHF players subject to NHL draft-related rights and who have not yet signed an NHL contract must be signed by the NHL team by June 1 in any year of the current agreement.
-Players not under contract to an IIHF team may be signed by an NHL team at any time.
-The NHL pays a development fee of US$9 million for the first 45 players - US$200,000 per player. If more than 45 IIHF players are signed, the NHL pays an additional US$200,000 for each extra player.
-Players selected in the NHL draft can be signed until July 15 or Aug. 15 in the year they are drafted. The NHL pays an additional fee of US$100,000 for signing players in the later window between July 16 and Aug. 15.
-The IIHF is compensated for players who are signed by NHL clubs but who are not on the team's roster for at least 30 games - including playoffs - in their first season. Those funds - between US$50,000 and US$100,000 depending on draft round selection - will be used for IIHF player transfers to the NHL which are outside the agreement.