NHL, KHL extend agreement on transfers

The NHL and Kontinental Hockey League have extended their memo of understanding on player transfers for another season.

"I think it is good agreement for the league and the clubs," NHL deputy commissioner Bill Daly told ESPN.com via email. "Our teams value the certainty that players under contract don't have an option to ignore their contractual obligations by moving to the KHL."

It falls short of the broader, full-fledged transfer agreement both sides had talked about this year, but that will have to wait for the time being.

"Over the last few years a number of issues have arisen concerning relations between the KHL and NHL, and we have yet to find a compromise which is fully satisfactory for our league. We will continue to work toward this goal and strive to reach a far better level of cooperation with our friends across the Atlantic," KHL president Dmitry Chernyshenko said in a statement on the league's website.

"For the moment, the extension of the memorandum is just one of the many necessary measures needed to protect the interests of our clubs and players."