The Malik Report
by George Malik on 12/10/13 at 12:25 AM ET
I like to watch him squirm, so I guess this ought to go in my blog and not KK Hockey.
Per NHL.com's Dan Rosen, "The system works"...
The salary cap for the 2014-15 season is projected to be approximately $71 million, a growth of more than 10 percent, NHL Commissioner Gary Bettman said at the League's Board of Governors meeting on Monday. The salary cap for this season is $64.3 million after growing to $70.2 million during the 2012-13 season.
In addition, the Board ratified the League's 12-year, $5.2 billion Canadian national television and multimedia rights agreement with Rogers Communications during the first session of the two-day meeting. The agreement with Rogers, the largest media-rights deal in League history, begins next season and money from that deal impacts the League's projection for next season's salary cap.
The meetings conclude Tuesday afternoon.
"We're looking at a cap in the $71 million range as an estimate," Commissioner Bettman said. "It's subject to change. It's very preliminary."
"I said to the Board there shouldn't be any issue or consternation, if [$71 million] is the cap level it's because revenues have gone up, and that's a good thing," Commissioner Bettman said. "When the cap goes up, revenue sharing goes up, and the system works the way it's supposed to."
Oh, how I've missed the Real Life Bettman Bobblehead, though I hate to admit that he looks more and more like the cat who ate the canary now that revenues are split evenly between owners and players...
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The Malik Report is a destination for all things Red Wings-related. I offer biased, perhaps unprofessional-at-times and verbose coverage of my favorite team, their prospects and developmental affiliates. I've joined the Kukla's Korner family with five years of blogging under my belt, and I hope you'll find almost everything you need to follow your Red Wings at a place where all opinions are created equal and we're all friends, talking about hockey and the team we love to follow.