The NHL board of governors held its annual owners meeting in Boca Raton, Florida this week, and among the topics discussed was the salary cap and the potential changes that could be made to its structure.
While nothing substantial was decided, Gary Bettman’s comments on Thursday indicate that the cap will not decrease like many had hoped, but rather continue to rise.
“Revenues continue to grow so you know how the system works. Revenues grow, the cap grows,” the commissioner said. “We told the clubs to conduct business as usual.”
The salary cap, which was introduced in the NHL following the 2004-05 lockout, has escalated in every year of its existence. The board of governors, comprised of one representative from each franchise, determines the cap level each year, using the overall success of the league as a barometer for where the number should rest.
For the big-market teams, that system is a blessing; for small markets, it’s a growing problem.
There lies an opportunity, however, to revise the cap this offseason when the new collective bargaining agreement betwee ...
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Article written by Andrew Hirsh
Gary Bettman, NHL Need to Fix Growing Salary Cap Problem
March 17th, 2012 by Andrew Hirsh Leave a reply »
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