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.
- Kings’ Quick ‘didn’t have to work hard’ in shutout win over Sharks 4
- Discuss: Kings dominate Game 5, one win away from Western Conference final 14
- Discuss: Red Wings take 3-1 series lead 35
- Discuss: Rangers stay alive with OT win 68
- What they’re saying about the Avs hiring Patrick Roy 6
- It’s official: Colorado names Roy sixth head coach in franchise history 46
- Couture accuses Kings captain Brown of diving 38
- Three reasons why the Rangers might buy out Richards 26
- Richards made a healthy scratch for Game 4 35
- Don Cherry: Canucks GM Gillis threw coaches ‘under the bus’ 28
- Report: NHLPA director Fehr wants to address issue of fighting (113)
- Question for commenters: What, if anything, needs to be done about the officiating? (101)
- Discuss: Bruins rally in third, take 3-0 series lead (99)
- Discuss: Detroit takes 2-1 series lead vs. Chicago (95)
- Video: Crosby scores hat trick, hits playoff milestone against Senators (91)
- Watch LIVE: Sharks-Kings, Game 5
- PHT: Wings push Hawks to brink of elimination
- PHT: Kreider keeps Rangers alive | Highlights
- PBT: Hibbert says Battier's knee to groin intentional
- OlyTalk: Lochte says Phelps will return soon
- CSN: Francona returns to Boston | Legacy?
- Posnanski: Hornets more than a name to Charlotte
- Play Video: Highlights: Kings beat Sharks, take series lead
- Play Video: Brown takes out goalie Niemi
- Play Video: Demers commits reckless penalty
- Play Video: Demers slashes Doughty, but no call made
- Play Video: Niemi robs Carter to preserve tie
- Play Video: Highlights: Wings take 3-1 series lead over 'Hawks