Salary cap to rise to $46-million: THN
That figure is a big jump from $39-million — and is, I believe, bigger than what has been previously reported. Here's The Hockey News' senior writer Mark Brender:
As the story goes on to say, this notion of lowering the cap's upper limit won't affect the amount of revenue available to players — they're still due 54 per cent — but it will change how lucrative the extensive summer of 2006 free agent market will be.
NHL teams have been told not to expect changes in the salary cap formula for next season, meaning the upper limit is likely to be around $46-million.
The news comes after the NHL Players' Association put off making a decision on reducing the size of the 2006-07 salary cap increase until its summer meetings. The union has been considering the move in order to reduce player escrow payments for next season.