The New York Times' Jeff Z. Klein wrote an exhaustively comprehensive article regarding the decline of the Canadian dollar as it applies to the NHL's salary cap, the health of Canadian and small-market American franchises, the Forbes valuations of NHL teams, possible expansion and/or relocation and the long-term health of the league in wide historical context, factoring in the NHL's TV deal with Rogers, the percentage of revenues coming in from Canada and the league's growth in American revenues by staging Winter Classics and Stadium Series games. It's a helluva article.
The most intriguing part comes from NHL deputy commissioner Bill Daly, who suggests that the 88-cent Loonie should not negatively impact the salary cap for the 2015-16 season:
“I expect there to be a healthy rise in the salary cap for next season,” Bill Daly, the deputy commissioner, said last week. “The Canadian dollar would have to continue to fall in a material way for that to change.”
For the N.H.L., a strong Canadian dollar means strong business growth. But with the Canadian dollar skidding, speculation is rife that the league’s bottom line may suffer, triggering a cascade of side effects, including a stagnant salary cap for the 2015-16 season.