Jun 27, 2014, 5:07 PM EDT
Just hours before the first pick was revealed at the 2014 NHL Entry Draft, the league had an announcement of its own — the salary cap for 2014-15 will rise to $69 million.
From the NHL:
The National Hockey League and the National Hockey League Players’ Association today announced that the Team Payroll Range established for the 2014-15 League Year, pursuant to the Collective Bargaining Agreement, provides for a Lower Limit of $51 million, an Adjusted Midpoint of $60 million and an Upper Limit of $69 million.
This is a bump from the $64.3 million teams worked under last season, but lower than some expected — several pundits thought the figure would be at least $70M. Because of that, we could see less fluidity in the trade and free agent markets than expected, which would be a shame as both have been filled with rumors and speculation leading up to the draft.
To get a sense of what the $69M figure does to the NHL’s 10 highest payrolls, check out this (courtesy CapGeek):
- Arbitration filed: Holtby, Nyquist & Stepan highlight list released by NHLPA 9
- Report: Plotnikov paid $500K to get out of KHL contract 12
- Philadelphia signs ’15 first rounder Provorov 11
- Brandon Saad brings championship experience to Blue Jackets 22
- Sharks sign Joel Ward to three-year deal 24
- Sabres lock up O’Reilly through 2022-23 74
- Locked in: Columbus signs Saad to six-year, $36M deal 28
- Oilers sign McDavid to entry-level contract 29
- ‘Hawks would like to re-sign Oduya, but still working through ‘financial hurdles’ 17
- Trade: Caps acquire Oshie from Blues for Brouwer, Copley and draft pick 73
- Blockbuster: Kessel traded to the Penguins (131)
- Trade: Flyers send Rinaldo to Bruins for 2017 third-rounder (105)
- Trade: Jackets land Saad; Anisimov and Dano headed to Chicago (93)
- Bypassing a buyout? Kings terminate Richards’ contract for ‘material breach’ (90)
- Sabres lock up O’Reilly through 2022-23 (74)