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Capitals Plan to Spend around $25 Million

via the AP,
Washington Capitals owner Ted Leonsis answered 17 e-mails from fans before 6 a.m. Saturday, then immersed himself in a crash course in the hundreds and hundreds of pages that make up the NHL's new financial rules. "Now is the time I wish I had taken Evelyn Woods' speed reading classes," Leonsis said. While there is much to learn, Leonsis quickly made one thing very clear: The Capitals will not be among the big spenders when the league resumes play this fall after a lockout that canceled an entire season. The league's new salary cap is $39 million, but Leonsis said the team's spending will hover between the $21.5 million minimum and $25 million — far before the big-money standard he set a few years ago when he signed Jaromir Jagr to an $11 million-per-year deal. "The key element in this new system," Leonsis said, "is the ability to act at the right time with the right player."

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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.

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