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

With a deadline to reach a deal on a new home the Ottawa Senators fast approaching, the NHL franchise and the National Capital Commission (NCC) will make an announcement Friday afternoon about their plans to develop 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 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 have taken an important first step toward building an arena closer to the city’s core. The Senators and the National Capital Corporation reached a deal for the sale of land for purposes of constructing an arena at LeBreton Flats,