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The minimum salary will remain at $525,000, and there were no changes to eligibility for free agency and salary arbitration.

The threshold for teams to release players in salary arbitration will increase from $1.75 million to $3 million.

Each team may use two buyouts to terminate contracts before the 2013-14 or 2014-15 seasons for two-thirds of the remaining guaranteed income. The buyout will be included in the players’ revenue share but not the salary cap.

Revenue sharing will increase to $200 million annually and rise with revenue.

An industry growth fund of $60 million will be funded by the sides over three years and be replenished as needed.

Issues such as whether NHL players will participate in the 2014 Olympics and realignment within the league will be addressed with the union down the line.

“Together our collective future is extremely bright,” said Boston Bruins owner Jeremy Jacobs, who is also the chairman of the board of governors. “Our only interest now is to look ahead and focus on what this great game can provide to the best sports fans in the world.”