According to reports, all PHF contracts have been voided in the acquisition of the league by Mark Walter and Billie Jean King Enterprises.

The rumored "merger" has turned into an acquisition and merger by Mark Walter and Billie Jean King Enterprises, who sources confirm will be acquiring the PHF.

Walter and King have been working to launch a new professional women's hockey league with the PWHPA, but sources have stated that the PHF will now be used as the "foundation" for a new league.

In shocking news, according to Jeff Marek, all PHF contracts have been voided.

This comes after more than 100 PHF contracts have been signed, several exceeding $100,000 for the coming season.

Reports are also being circulated that both Reagan Carey and Jayna Hefford will have roles in the new league.

More to come.