There will be no labour dispute this time around as the owners and players agreed to a 5 year deal. The deal essentially continues the status quo, with a few minor changes. Elements of the deal include:
1. no contraction during the life of the deal,
2. thresholds for the competitive balance tax were raised significantly,
3. there will be compensation for clubs that fail to sign a first or second round pick, and
4. free agent compensation was reduced in a number of ways-
no type C free agents; the compensation for type B free agents is
changed to a sandwich pick only, and fewer type A and type B free
agents by tightening the performance criteria.
https://www.battersbox.ca/article.php?story=2006102421274586