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Capitals Plan to Spend around $25 Million

via the AP,
Washington Capitals owner Ted Leonsis answered 17 e-mails from fans before 6 a.m. Saturday, then immersed himself in a crash course in the hundreds and hundreds of pages that make up the NHL's new financial rules. "Now is the time I wish I had taken Evelyn Woods' speed reading classes," Leonsis said. While there is much to learn, Leonsis quickly made one thing very clear: The Capitals will not be among the big spenders when the league resumes play this fall after a lockout that canceled an entire season. The league's new salary cap is $39 million, but Leonsis said the team's spending will hover between the $21.5 million minimum and $25 million — far before the big-money standard he set a few years ago when he signed Jaromir Jagr to an $11 million-per-year deal. "The key element in this new system," Leonsis said, "is the ability to act at the right time with the right player."

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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

 

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