Jun 9, 2014, 11:26 AM EDT
It’s no secret that business is booming for the NHL but the numbers are looking a bit better than expected.
Chris Botta of Sports Business Journal reports the league’s national revenue hit $3.7 billion. Botta adds that the new Canadian television deal that kicks in next season will likely bring those totals over $4 billion next near.
With that kind of haul and how it’s linked to the league’s salary cap, the original conservative estimate of just under $70 million is likely wrong and James Mirtle of The Globe And Mail points out the cap will likely be around $70.6 million for next season, which is closer to an estimate that was made in December.
That’s not all.
That kind of escalation is great news for teams with money and cap space to spend to either retain their own free agents or help unrestricted players to cash in heavily. And you guys thought Thomas Vanek wouldn’t cash in this summer.
With that kind of money set to start floating around, prepare your outrage machines when seemingly average players start making the big bucks.
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- Report: Kopitar, Kings in ‘early stages of negotiations’ for extension 6
- Arbitration filed: Holtby, Nyquist & Stepan highlight list released by NHLPA 13
- Report: Plotnikov paid $500K to get out of KHL contract 14
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- Sharks sign Joel Ward to three-year deal 25
- Sabres lock up O’Reilly through 2022-23 74
- Blockbuster: Kessel traded to the Penguins (131)
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- Bypassing a buyout? Kings terminate Richards’ contract for ‘material breach’ (90)
- Sabres lock up O’Reilly through 2022-23 (74)