According to James Mirtle of Globe and Mail, the NHL off-season salary cap will rise to $70.3 million.
In all the chatter regarding the Stanley Cup Finals and the NHL Draft later this month, this tentative cap rise could be easily overshadowed.
This cap is only temporary and could change a substantial amount after the current Collective Bargaining Agreement expires in September.
The big risk this off-season of course is that some teams will be tempted to overspend and come close to the cap again.
Other teams could sit back and wait to make moves for players that cannot play because their team has overspent and then faced repercussions when the salary cap potentially falls after the new CBA is set in place following the end of the current CBA on September 15th.
Mirtle writes that because the current player share of the revenue is so large at 57 percent is that "if the NHL succeeds in bringing down the players’ share of revenues significantly and the CBA functions similarly, the cap could drop sharply."
Mirtle speculates that "the league’s first offer in negotiations will be under 50 per cent. That kind ...
Read Full Article at Bleacher Report - NHL
Article written by Isaac Smith
NHL Salary Cap to Be Temporarily Set at $70.3 Million, Will GMs Take the Bait?
June 1st, 2012 by Isaac Smith Leave a reply »
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