NHL Salary Cap Moves Up

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The National Hockey League Players’ Association and the National Hockey League have announced that the Team Payroll Range established for the 2016-17 League Year, pursuant to the Collective Bargaining Agreement, provides for a Lower Limit of $54 million, an Adjusted Midpoint of $63.5 million and an Upper Limit of $73 million. That’s up $1.6 million from the season just completed.

The Canadian dollar was one reason why league revenues sagged, preventing a larger cap increase.

The NHL Entry Draft draft begins Friday in Buffalo. Free agency opens July 1 at noon, though teams can talk to players beginning Saturday.

General managers have said they are waiting on the cap number to make decisions with their own potential free agents.

@CanBizJournal

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