Thursday, June 25, 2009

NHL Salary Cap To Stay Around $56M

According to Larry Brooks:
The NHL players union has voted to trigger the 5-percent escalator on the 2009-10 salary cap, The Post has learned.

This means that the 2009-10 cap will remain within a couple of hundred thousand dollars of last season's figure of $56.7 million.

NHL revenues decreased by approximately 5 percent in 2008-09, with the decline owed primarily to the dip in Canadian currency. The vote of the 30 player reps was close, The Post was told.

Those voting against the bump were concerned with the immediate impact on escrow deductions.

Well it's about time there was some type of news regarding the salary cap for next season. At least there is a ball park figure. Is it just me, or is it absolutely ridiculous that we're heading into one of the busiest trade days of the NHL season (historically 2nd behind the Trade Deadline) and the GMs don't know how much salary they can have on their roster for next season? At least if this report is accurate, GMs will have a rough idea on how much salary they can take on, or how much they have to clear.

Updated 6/26 2:50pm

H/T Kukla's Korner

Deputy commissioner Bill Daly confirmed Friday that next year’s cap will go up by $100,000 to $56.8-million in 2009-10.

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