Kukla's Korner Hockey

Kukla's Korner Hockey

KHL Lowers Salary Cap

06/15/2014 at 7:01pm EDT

from Vladimir Kozlov at SportsBusiness Global,

The Kontinental Hockey League has lowered the salary cap from 1.39B rubles ($40.4M) to 1.1B rubles ($32M) per squad for next season. Squads that go over that figure will be subject to a 20% “luxury tax” on any extra spendings. According to KHL President Alexander Medvedev, who announced the new salary cap on the air of Sport FM radio, another difference will be that the cap will apply to all players. Last season, some players who moved to the KHL from the NHL were exempt from the cap.

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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.

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