Salary cap rises to $56.7-million
The numbers are in and they're not far off the projections we've heard all off-season:
The salary cap in the NHL is going up again.A lot has been made of the league minimum being out of reach for some small-market teams, but I think it's worth pointing out that only three teams spent under $40.7-million in 2007-08: Columbus, which was $800,000 under; Phoenix, which will have to add $3.5-million; and Nashville, which spent just under $36-million.
Sources tell TSN that for the 2008-09 season, the salary cap will rise to a maximum of $56.7-million. That is a $6.4-million increase from this past season when the cap was set at $50.3-million.
The lower limit also rose to $40.7 million, the minimum each of the 30 teams must spend on player salaries.
With the revenue sharing that teams like the Predators get, no one should have trouble getting to the minimum figure. Whether or not they can turn a profit at that number, however, is going to be up to them.