Kukla's Korner

Kukla's Korner Hockey

Money Considerations on Draft Day

From Tony Gallagher at The Province,

With the salary cap expected to be just a nudge over $50 million US this season, virtually all the clubs will have more money to spend than many had expected; the league’s efforts to keep the cap around $48 million evidently meeting with ice from the NHLPA in whose best interests it is to have it rise as high as possible. Given the stagnant growth in revenue in the game of late, it’s likely to mean escrow payments in the 7 to 9 per cent range when all is said and done next year, but that is just something the players will have to live with given they themselves handed the league that hammer.

more… (*with a listing of “deals likely to happen”)

Filed in: NHL Talk, | KK Hockey | Permalink
 

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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