Jun 24, 2010, 9:13 PM EDT
It was mentioned a couple days ago that the collective bargaining agreement was officially agreed upon to be extended until 2011-2012. The other part of that was agreeing to boost the salary limits for this season. Both the NHL and the NHLPA were happy to announce what, exactly, those limits would be for the upcoming season.
The National Hockey League Players’ Association and the National Hockey League announced today that the Team Payroll Range established for the 2010-11 League Year, pursuant to the Collective Bargaining Agreement, provides for a Lower Limit of $43.4 million, an Adjusted Midpoint of $51.4 million and an Upper Limit of $59.4 million.
So the salary cap jumps up nearly $3 million to $59.4 and the salary floor goes up to $43.4 million. Keep in mind that the salary cap five years ago was $39 million dollars. The price of success certainly is a steep one and while the owners in the NHL can’t be upset that they’re generating so much revenue (revenue is linked to the cap after all) some of the teams not raking in the cash as heavily have to be getting a little itchy seeing their bottom lines getting worse year in and year out.
That said, teams like Chicago, Philadelphia, and Boston are more than happy to see the cap jump up as much as it has as it gives them a bit more flexibility and relaxes the stress on them to make overly drastic moves to reduce payroll.
- Happy now? Kessel dropped 13 lbs. this summer 11
- Rich Peverley retires from NHL, joins Stars’ front office 9
- Update: Multiple witnesses reportedly subpoenaed in Patrick Kane rape investigation 35
- Jonathan Toews talks about the Patrick Kane situation 28
- Voynov detained by U.S. Immigration and Customs Enforcement 26
- Ex-‘Hawks goalie Raanta tees off on former club 31
- Report: Hawks feel Kane ‘disrespected’ team, have received trade calls 119
- Hawks’ biggest question: What happens with Patrick Kane? 82
- Hall of Famer Al Arbour passes away 22
- Poll: Who will be San Jose’s next captain? 24
- Report: Hawks feel Kane ‘disrespected’ team, have received trade calls (119)
- Hawks’ biggest question: What happens with Patrick Kane? (82)
- Report: Hawks’ Kane has not been asked to waive his no-move clause (49)
- Lucic jokes about running through Rask ‘like I did (to) another goalie’ (43)
- It’s Chicago Blackhawks day at PHT (41)