(AP Photo/Mary Altaffer, File)

National Hockey League players announced Monday they will not opt out of the collective bargaining agreement, guaranteeing labor peace until at least 2022.

The NHL Players' Association announced its decision just before the deadline to trigger its opt-out clause. Not terminating the CBA is a positive sign that negotiations are progressing toward an extension.

"While players have concerns with the current CBA, we agree with the league that working together to address those concerns is the preferred course of action instead of terminating the agreement following this season," NHLPA executive director Don Fehr said. "We have been having discussions with the league about an extension of the CBA and expect that those talks will continue."

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