The 2012–13 NHL lockout was a labour dispute that began at 11:59 pm EDT on September 15, 2012. A tentative deal on a new collective bargaining agreement (CBA) was reached on January 6, 2013, with its ratification and signing of a memorandum of understanding on the agreement completed by January 12, 2013, 119 days after the expiry of the previous CBA. During the lockout, many NHL players went to other leagues in North America and Europe. Many businesses in the United States and Canada located near NHL arenas lost money as a result of the games not played.