Jun 27, 2014, 5:07 PM EST
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):
- Wild get important win vs. Preds (and some luck, too) 14
- Trading baggage: Blue Jackets grab Clarkson, send Horton’s contract to Leafs 58
- Panthers acquire Jagr from Devils 28
- Trotz doesn’t see a ‘big, sexy, difference-maker guy’ on the market 16
- What’s up with the reports of problems in the Blackhawks’ room? 40
- Petrovic: Chicago will ‘probably seek revenge’ for Kane injury tonight 81
- Lombardi happy to get ‘one of the better defenseman on the market’ in Sekera 3
- NHL on NBCSN: Wild need two points from NHL-leading Preds 21
- Video: Potential No. 1 overall pick Connor McDavid goes end-to-end, top shelf 9
- Video: Penguins hold on to beat Capitals for first time this season 32
- Leafs’ Rielly apologizes for insensitive remarks (86)
- Petrovic: Chicago will ‘probably seek revenge’ for Kane injury tonight (81)
- Chiarelli understands scrutiny on GM and coach, but says, ‘It’s unfortunate that we’re under review for one year’ (69)
- ‘I don’t know why we’re so comfortable,’ says Toews after loss to Avalanche (69)
- Report: Alex Petrovic avoids discipline after injuring Patrick Kane (65)