Mediator Scot Beckenbaugh should be every hockey fan’s favorite player this year, as Saturday’s talks between the NHL and NHLPA finally yielded a new collective bargaining agreement early Sunday morning, ending the league’s lockout.

“We have reached an agreement on the framework of a new collective bargaining agreement,” commissioner Gary Bettman told reporters early Sunday morning. “I want to thank [NHLPA executive director] Don Fehr. We still have more work to do, but it’s good to be at this point.”

The deal was struck after both sides some final moves off their previous stances. The owners moved on the maximum length of contracts and the 2013-14 salary cap, while the players moved from their stance on the length of the CBA to meet the owners.

According to TSN, the details of the new CBA include a 10 year length with an opt-out clause that begins after eight years, contracts no longer than seven years (or eight for a team signing its own player) and a $64.3 million salary cap for the 2013-14 season. Also included in the new CBA is a revamped draft lottery, as all non-playoff teams have at least a chance at the first overall pick. Previously, the most teams could move up was four spots.

TSN reports that the league has both 48-game and 50-game schedules drawn up that will be played depending on when the new CBA is finalized.