The National Hockey League (NHL) has reached a provisional agreement with players to end a near four-month lockout that had threatened to wipe out the whole season.
After 16-hours of negotiations, the two parties agreed a "framework", which still needs final approval.
"We have to dot a lot of i's and cross a lot of t's," said NHL Commissioner Gary Bettman.
The two sides are in dispute over how to split $3.3bn (£2.1bn) in revenue.
"There is still a lot of work to be done, but the basic framework has been agreed upon," Mr Bettman said.
"We have to go through a ratification process and the Board of Governors has to approve it from the League side and, obviously, the players have to approve it as well."
He said a decision about when to restart games had not been agreed, but he hoped to provide more information later on Sunday.
The US and Canadian leagues locked the players out in mid-September, a month before the season was due to begin.
The work stoppage is the fourth in 20 years for the NHL. A previous union dispute saw the entire 2004-2005 season cancelled.
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