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 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 multipurpose facility,