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NHL, players agree on a temporary cap ceiling of $70.2 million

Jun 27, 2012, 7:26 PM EDT

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The NHL’s Collective Bargaining Agreement expires at an awkward time. While other leagues were forced to hash out a new CBA before free agency began, the NHL’s July 1 frenzy begins far before the Sept. 15 expiration date. This could all be very messy depending upon the ceiling dictated by the next CBA, but for now, Kevin McGran reports that the league and players agreed upon a $70.2 million ceiling.

In the short term, that’s delightful news for the “rich” teams such as the Pittsburgh Penguins and Chicago Blackhawks but confusing info for franchises who struggle to even reach the salary cap floor. Does that mean that those teams will need to spend $55.2 million or so just in case, or will they bank on a new CBA to save the day?

The poor team side is a bummer and there could be some perplexing issues if the ceiling drops,* but let’s focus on the positive. In the short-term, bigger budget GMs can go all-out for Zach Parise, Ryan Suter and the scant amount of other high-end free agents.

Think of it as a wild outdoor musical festival of hockey spending (and try not to think about the tears that might come from cleaning it all up).

* – At least the NHL is unlikely to rain bizarre fire and brimstone down on big-spending teams like the NFL did with the Dallas Cowboys and Washington Redskins. Hopefully.

  1. kingfooj - Jun 27, 2012 at 11:15 PM

    Watch, something ridiculous like that .1 under the estimate is going to cause the sh*t to hit the fan once it gets closer to the season

  2. daryllh - Jun 28, 2012 at 12:46 PM

    Mike Illitch is gurgling with delight.

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