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.
- Canucks ink Brandon Sutter to five-year, $21.875 million extension 18
- NHL unveils ‘historic’ digital media rights deal with MLBAM 36
- It’s Detroit Red Wings Day at PHT 15
- What does Jack Eichel mean to the Buffalo Sabres? 32
- It’s Buffalo Sabres Day at PHT 33
- Bernier, Leafs agree on two-year, $8.3 million deal 29
- How do Voracek, Giroux compare to the most expensive duos? 62
- Voracek turns monster season into massive eight-year deal 71
- Report: Canucks, Sutter closing in on five-year deal, north of $20M 28
- Voynov serving sentence at jail that once advertised it had flat screen TVs 45
- Voracek turns monster season into massive eight-year deal (71)
- How do Voracek, Giroux compare to the most expensive duos? (62)
- Voynov serving sentence at jail that once advertised it had flat screen TVs (45)
- Owner Pegula: Sabres have gone through ‘two of the most successful seasons we’ve ever had’ (43)
- NHL unveils ‘historic’ digital media rights deal with MLBAM (36)