VANCOUVER, BC - JUNE 01: NHL commissioner Gary Bettman speaks to the media prior to game one between the Vancouver Canucks and the Boston Bruins in the 2011 NHL Stanley Cup Finals at Rogers Arena on June 1, 2011 in Vancouver, Canada. (Photo by Rich Lam/Getty Images)
NHL Salary Cap Will Rise To $64 Million In 2011-12, Report Says
The NHL's salary cap continues to rise. According to a report, the cap will go up $5 million, reaching $64 million in total, for the 2011-12 season.
NHL Salary Cap Will Rise To $64 Million In 2011-12, Report Says
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almost 2 years ago Article 9 comments
Are NHL Salary Cap Increases Again Putting League On Road To Destruction?
An entire hockey season was lost just six years ago thanks to rising player costs and a stark disparity between the rich and poor. Now, as the NHL salary cap increases again, are we heading down the same path of destruction?
almost 2 years ago Update 0 comments
NHL Salary Cap Will Rise To $64 Million In 2011-12, Report Says
The NHL has experienced a ton of success in recent years, growing exponentially each year since the lockout and the lost season in 2004-05. As a result, the league's salary cap continues to increase along with revenues, and next season, it'll be larger than it's ever been.
As first reported by Bob McKenzie of TSN, the NHL salary cap is expected to rise by about $5 million for the 2011-12 season, up from $59.4 million to around $64 million. The salary floor will rise right along with the cap to $48 million. By comparison, the original cap in 2005-06, the first season back after the lockout, was just $39 million.
Five years after the lockout, the salary floor has risen $9 million above the original cap. That's obviously good news for the league as a whole -- the cap is tied directly to league revenues, and as revenues rise, the cap rises. It's also good news for the large market teams that would spend over the cap if they were allowed. For them, the cap is only a hindrance.
But for small market clubs that already have trouble reaching the floor, it's certainly not good news. It's more expense that those teams have to add, by NHL law, to their books.
