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SBD/16/Leagues Governing Bodies
NHL AND INT'L HOCKEY FEDERATION SIGN OLYMPIC-SIZE PACT
Published September 16, 1994
"After years of haggling," the NHL and the Int'l Ice Hockey Federation (IIHF) will announce a 3-year agreement today that covers everything from Olympic participation to expanded int'l competitions to the "joint formation of a European Super League." Word of the deal was first reported in THE SPORTS BUSINESS DAILY on Monday. IIHF President Rene Fasel: "It is a historic agreement. We will work together. To fight each other brings nothing." Fasel feels the highlight of the pact is the commitment to have NHL players at the '98 Winter Olympics. In the agreement, signed in Helsinki last week, the two groups agree that "in order to ensure the participation of NHL players, that portion of the Olympic tournament involving NHL players may not exceed eight days." The NHL-IIHF pact also commits NHL teams to release players for the world championships unless there is a conflict with Stanley Cup playoffs. Also, each NHL team will pay $400,000 during the next three years to the IIHF for access to European players without having to negotiate with the national federations or individual clubs. The IIHF will then allocate monies to teams losing players to the NHL (Alan Adams, CANADIAN PRESS/Toronto GLOBE & MAIL, 9/16).