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Salary cap set for 2011-12

Thursday, 06.23.2011 / 5:28 PM / News

NHL.com

The National Hockey League and the NHL Players' Association announced Thursday that the team payroll range established for the 2011 League Year, pursuant to the Collective Bargaining Agreement, provides for a lower limit of $48.3 million, an adjusted midpoint of $56.3 million and an upper limit of $64.3 million.

It means a lot to us, we're very excited. We're looking to continue to build on [our] top core talent of young players. It's just a great opportunity for us to really build high.

— Panthers vice president of hockey operations Travis Viola after Florida won the No. 1 pick in the NHL Draft Lottery