The Malik Report
by George Malik on 06/20/11 at 06:47 AM ET
Awesome news for big-market teams and not-so-super news for small-market teams, per TSN:
With the National Hockey League Entry Draft less than a week away and the potential for trades escalating this week and next with the free agency period looming, the salary cap will be going up by nearly $5 million next season.
Clubs and agents are being told next year’s salary cap will be set at an upper limit of $64 million with a floor of $48 million.
During the 2010-11 season, the salary cap had an upper limit of $59.4 million. The league’s cap - entering its seven season under the current collective bargaining agreement - has risen every year since the end of the NHL lockout when the cap was set at $39-million.
Via RedWingsFeed, Capgeek.com’s Twitter account’s hedging bets, going with $63.5-64 million. The NHLPA clearly chose to allow its 5% inflator to automatically apply here as we could be going into a lockout year, yielding a, “Make the money while you can, escrow be damned” approach.
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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.