The NHLPA is seeking to strike a tentative deal with the NHL Players’ Association in the wake of the league’s lockout.
The two sides will discuss the agreement at their bargaining table in New York City this weekend.
The NHLPA said it is prepared to negotiate a tentative agreement to end the NHL lockout and begin the rebuilding of the game’s player pool.
The union will announce the deal when it holds its annual meeting on Saturday.
The tentative agreement would include an increase in the salary cap from $72 million to $78 million, which the league says is needed to provide more resources for the NHL to rebuild the player pool and allow the league to attract players to the game.
The deal also includes an increase from $15 million to the salary of all NHL players to $18 million.
The league has been negotiating with the union for a few months, with talks in progress for weeks.
The lockout began on March 2 and has been followed by a year of uncertainty for the league.
It ended on June 30 with a deal that included a new collective bargaining deal for the players.
The three sides have been negotiating since July, but the NHL’s collective bargaining talks have stalled as the two sides seek to reach a settlement.
The two sides have also been at odds over a proposed collective-bargaining agreement for the next two seasons.