Kukla's Korner

Kukla's Korner Hockey

Cap Will Rise

via the CP,
The NHL's spirited comeback from its labour lockout appears to be good news for the bottom line next year. A source at the NHL board of governors' meeting said current projections show next season's salary cap will be between $40 million and $45 million (U.S.).
update 6:20pm, from the Toronto Star,
More precisely, Bettman told owners Thursday that current projections call for revenues to be just over $2 billion this season. Under the CBA, the next season's salary cap is based on the previous year's revenue total. Revenues of exactly $2 billion for this year would correspond to a $41.6-million salary cap next season, $2.1 billion in revenue would give a $43.4-million cap, and $2.2 billion would bring on a $45.3-million cap. If attendance dips in the coming months and revenues instead total $1.9 billion, the cap would be $39.8 million next season. "I know historically the projections we get at this point in the season, they could still be two, three, four per cent off," Bettman said after the four-hour session. "And so what we did is, with some degree of comfort and intuitiveness, said this is where we think we're going to be. But I think it looks pretty clear that it's going to start with a two ($2 billion or more). "Clearly the cap is going up this year and that's good for everybody."

Filed in: | KK Hockey | Permalink
 

Comments

Be the first to comment.

Add a Comment

Please limit embedded image or media size to 575 pixels wide.

Add your own avatar by joining Kukla's Korner, or logging in and uploading one in your member control panel.

Captchas bug you? Join KK or log in and you won't have to bother.

Smileys

Notify me of follow-up comments?

Feed

Most Recent Blog Posts

About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com

 

image

image