via Nick Cotsonika tweets,

Cap projection $73M.

Owners received update on expansion, as expected. NHL is listening to expressions of interest but not starting formal process.

added 5:49pm, via Elliotte Friedman tweet,

Governors told if Canadian dollar stays at 88, cap will be around $73M

added 5:56pm, via Darren Dreger tweet,

Bettman says there is no formal expansion process. No vote taken. No agreement. However Vegas interest is real.

Chris Johnston tweet,

Potential owner in Las Vegas is going conduct a season-ticket drive. NHL board approved.