The Senators and the NCC had until Friday's deadline to reach a deal before their memorandum of understanding expired.

The Ottawa Senators and the National Capital Commission say they've reached an "agreement in principle" to bring a new NHL arena and major events centre to LeBreton Flats.

The Ottawa Senators reportedly have a deal with the National Capital Commission (NCC) to build a new NHL arena – technically an events centre – at LeBreton Flats. Today was the deadline for the two sides to agree on a deal and, according to Wayne Scanlan at Sportsnet, they managed to get things done.

The Senators and the National Capital Commission announced an agreement that would see the team purchase a 10-acre plot at the downtown LeBreton Flats site for the development of a multi-purpose facility,