Kukla's Korner Hockey
by Paul on 06/26/09 at 04:43 PM ET
from the CP via the Globe and Mail,
The NHL’s salary cap is on the rise.
Deputy commissioner Bill Daly confirmed Friday that next year’s cap will go up by $100,000 to $56.8-million in 2009-10.
Part of the reason for the growth is that the NHL Players’ Association decided to invoke a five per cent inflator, which was negotiated as part of the collective bargaining agreement.
TORONTO/NEW YORK (June 26, 2009)—The National Hockey League Players’ Association and the National Hockey League announced today that the Team Payroll Range established for the 2009-10 League Year, pursuant to the Collective Bargaining Agreement, provides for a Lower Limit of $40.8 million, an Adjusted Midpoint of $48.8 million and an Upper Limit of $56.8 million.
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