The NHL is officially open for business.

The league and the NHLPA signed the memorandum of understanding which officially ends the lockout.

Training camps will open league-wide on Sunday, while the NHL schedule is expected to be released later on Saturday.

Teams will be eligible to make trades and signings Saturday at midnight et/9pm pt.

Earlier in the day the NHLPA announced that they ratified the new collective bargaining agreement reached with the league last week.