The implementation of a salary cap in the NHL back in 2005 was a big deal. Hell, we lost an entire season over the debate between the League and the Players' Association on the issue.â†µ
While most of us have been sitting around thinking that the last six years have made up the entirety of the cap era in the NHL, that would be an incorrect assumption.
From the great Joe Pelletier at Hockey Legends:â†µ
In the 1932-33 season the league introduced a salary cap to ensure franchise stability. Each team was capped with a $70,000 payroll. Furthermore, individual salaries were limited at $7,500 per player. To further reduce costs, team rosters were reduced to just 13 players. The NHL even halved it's officiating payroll, eliminating one of the two on-ice referees altogether.â†µ
It really makes you think how far we've come. From $7,500 maximum salaries to tickets in some cities for big games that can reach those prices.â†µ