Friday, June 27, 2014

NHL salary cap numer made official

So it was said, now it is written.

Back in April, NHL Commissioner Gary Bettman strongly hinted that the figure for the increased salary cap for next season would be in the range of $69 million.

On Friday afternoon, hours before the draft was set to begin, the league and its players' association made a joint announcement pinning that number exactly.

The new cap ceiling represents an increase of $4.7 million over the $64.3 million cap for the 2013-14 season, which was negotiated as part of the collective bargaining agreement that ended the 2012-13 work stoppage.

The minimum payroll is $51 million.
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