The Malik Report
by George Malik on 06/20/11 at 08:14 PM ET
Great news for teams that spend to the cap, via the Canadian Press:
The NHL Players’ Association has decided to trigger the growth factor in the salary cap for next season, pushing the upper limit to roughly $64 million US.
A source told The Canadian Press that the union’s executive board voted via conference call Monday to have five per cent added to the calculation of next year’s salary cap — a decision it gets to make each spring to account for inflation. The NHLPA has chosen to have the five per cent added every year but one since it was brought into existence.
The official number for next year’s salary cap is expected to be announced this week.
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