added 12/10/13, from TSN,

According to TSN Hockey Insiders Bob McKenzie and Darren Dreger, the cap is expected to rise to $71.1 million for the 2014-15 season according to a projection that was presented at the NHL's Board of Governors meeting in Pebble Beach, California.

The cap is currently set at $64.3 million in this, the second season under the NHL's latest collective bargaining agreement.

Teams must currently hit a minimum salary cap obligation of $44 million, based on average annual salary over the length of a player's contract. The cap floor is expected to rise to roughly $52 million.

"These are preliminary estimates, it's in that range," NHL commissioner Gary Bettman told TSN Hockey Insider Pierre LeBrun of ESPN.com. "And I said to the board there shouldn't be any issue or consternation, if that's the cap level, it's because the revenues have gone up. And that's a good thing."

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