The extension that could be announced as soon as Friday at the draft in Los Angeles would provide extended labor peace in a sport that has had multiple work stoppages, including the 2004-05 lockout that wiped out an entire season.

The league and union have been in talks since April and are on the verge of a memorandum of understanding done more than a year before the current CBA expires.

The NHL and NHLPA are in the final stages of agreeing to a four-year extension of the CBA through September 2030, sources confirmed to ESPN.