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NHL salary cap rises $4.9 million to $64.3 million

Thursday, 06.23.2011 / 6:21 PM / News

Associated Press

NEW YORK (AP) - The NHL salary cap is going up again, marking the fifth consecutive year it is has risen since it was established for the 2005-06 season.

Teams will have $64.3 million to spend next season, an increase from $59.4 million, the league and the NHL Players' Association said Thursday. All 30 clubs must spend a minimum of $48.3 million on payroll, $9.3 million above the original upper cap limit of $39 million set six years ago following the season-long lockout.

The cap is based on a percentage of revenues from the previous season. The $4.9 million increase in the largest since a record $6.4 million jump before the 2008-09 season. The cap rose a total of only $2.7 million the previous two years.

The floor of the cap is always $16 million below the ceiling figure.

Increases of $5 million, $6.3 million and $6.4 million were registered following the first season of the cap before raises of $100,000 for the 2009-10 season and $2.6 million for last season.

Quote of the Day

I have been blessed to play for 16 years in the NHL; it has been an amazing ride. I would like to thank the Tampa Bay Lightning and New York Rangers organizations and owners for providing me the opportunity to play the sport I love for so many years. I could have never played for so long or accomplished all that I have without the unwavering love and support from my wife, Heather, our three sons, Ryan, Lucas, and Mason, and my parents.

— Martin St. Louis after announcing his retirement from the NHL on Thursday