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):
- How do Voracek, Giroux compare to the most expensive duos? 46
- Voracek turns monster season into massive eight-year deal 68
- Report: Canucks, Sutter closing in on five-year deal, north of $20M 28
- Voynov serving sentence at jail that once advertised it had flat screen TVs 45
- Report: Bernier and Leafs more than $2 million apart ahead of Friday’s arbitration hearing 12
- Flyers re-sign Couturier: six years, $26 million 40
- Benning calls Sutter a ‘foundation piece’ for Canucks 24
- Here’s a chart that shows which teams have been good/bad at drafting 40
- Penguins sign Fehr to three-year, $6 million contract 22
- Trade: Penguins send Sutter to Canucks for Bonino, Clendening 54
- Bettman says NHL would have to ‘consider’ putting Quebec City in the Western Conference (71)
- Voracek turns monster season into massive eight-year deal (70)
- Rangers sign Stepan — six years, $39 million (62)
- NBC Sports to broadcast 105 NHL games in 2015-16 (58)
- Trade: Penguins send Sutter to Canucks for Bonino, Clendening (54)