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.
NHL's cap could well rise $6-million+ both this summer and next, hitting $76-million by 2015-16. Floor would be about $20-mil less.—
James Mirtle (@mirtle) June 09, 2014
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.
Aug 29, 2014, 8:00 PM EDT
Can’t top No. 4.
Aug 29, 2014, 6:29 PM EDT
“I’m sleeping with it tonight.”
Aug 29, 2014, 4:57 PM EDT
The Chicago Blackhawks let him walk.
Aug 29, 2014, 3:30 PM EDT
Team has needs at center.
Aug 29, 2014, 3:00 PM EDT
Played 20 career games with Boston.
Aug 29, 2014, 2:15 PM EDT
Was schedule for Ontario Superior Court Sept. 8
Aug 29, 2014, 1:18 PM EDT
A pair of hilarious ads to promote the game.
Aug 29, 2014, 12:33 PM EDT
Heading into a contract year, lots on his shoulders.
Aug 29, 2014, 11:05 AM EDT
Scored 135 goals and 299 points in four seasons with the London Knights.
Aug 29, 2014, 10:45 AM EDT
Spent the past two seasons in Edmonton.
Aug 29, 2014, 10:02 AM EDT
Their cap situation and defensive logjam might lead them to make a trade.
Aug 29, 2014, 9:00 AM EDT
“It’s amazing how an accident like this puts things in perspective.”
Aug 29, 2014, 8:00 AM EDT
They won the Presidents’ Trophy, but fell in the second round.
Aug 28, 2014, 10:46 PM EDT
Will one be named this season?
Aug 28, 2014, 9:33 PM EDT
The new coach wants the Penguins to ‘lessen the load.’
Aug 28, 2014, 8:21 PM EDT
It wasn’t even close.
Aug 28, 2014, 7:11 PM EDT
They have a lot of players on their roster with something to prove.
Aug 28, 2014, 5:59 PM EDT
There’s no timetable for his return.
Aug 28, 2014, 4:47 PM EDT
The former first round pick is entering the last season of his entry-level contract.
Aug 28, 2014, 3:35 PM EDT
Chris Stewart seems to think so.
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