Welcome |Account|Sign Out 
NEW! SIGN IN WITH YOUR SOCIAL PROFILE
OR
Username or EmailPassword
 
SHARE
Round 2
Round 3
Stanley Cup Final

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.

I've been getting frustrated lately, and the only thing keeping me sane was the team winning and other people stepping up and scoring. Then you just kind of let it go and realize you can end the series with one shot, that frustration goes away for a brief moment, and that's what happened.

— Montreal forward Max Pacioretty after scoring the OT winner in Game 4 -- his first career playoff goal -- to eliminate the Lightning and send the Canadiens into the second round