NHL

NHL salary cap expected to rise to $71 million for 2014-15 season

Share This Story

   
 

PEBBLE BEACH, Calif. (AP)

The NHL salary cap is expected to rise to about $71 million next season, an increase of more than 10 percent.

NHL commissioner Gary Bettman made the optimistic announcement Monday at the league's board of governors meeting. The ceiling of the salary cap is determined by hockey-related revenue generated this season, so the new figure is merely an estimate, Bettman said.

''I said to the board there shouldn't be any issue or consternation,'' Bettman said. ''If that's the cap level, it's because the revenues have gone up. We try to give people a sense of where we think it'll come out.

''It's subject to a whole host of issues, ultimately how much revenue is generated, where the Canadian dollar is, because we convert to U.S. dollars. If you want a rough, rough, rough ballpark, OK, but it could change.''

The minimum amount for teams to spend is expected to be about $52 million, an increase from this season's $44 million. The NHL has had a major recovery one season after the lockout-shortened campaign.

The upper cap for this season is $64.3 million.

Teams were allowed to spend up to $70.2 million during the lockout-shortened 2013 season as part of a transition year before the cap went down in accordance with the 50-50 split of hockey-related revenue that was agreed to as part of the new collective bargaining agreement.

''When you look at the league and where it's going as a whole, it doesn't surprise me because I think the league is doing and excellent job of building revenues,'' Vancouver Canucks general manager Mike Gillis said. ''If it resembles ($71 million), if it's close to that, it's an indication the league is very healthy and clearly building in the right direction.''

That direction was hard to predict last year during the long lockout that cut the season nearly in half. There was no way to predict how well the NHL would bounce back.

NHL STANDINGS

How is your team doing in the realigned NHL? Check out all the divisional races.

A 48-game sprint of a season and a full playoff tournament washed away a lot of the negativity.

''Everything that's happened is a testament to the enduring strength of our game and the passion of our fans,'' Bettman said. ''Things build on each other. When you put the right foundations in place, when you have the right system, you bring in good owners, good things happen.''

By no surprise, the board on Monday unanimously approved the $5.2-billion, 12-year Canadian television rights deal with Rogers Communications Inc., which begins next season and runs through the 2025-26 season.

The lucrative deal is expected to boost the salary cap even further beginning in the 2015-16 season. The money from that agreement will start coming into the NHL beginning next year.

Also Monday, the first day of the meetings, a business update was given by NHL Chief Operating Officer John Collins.

Player safety is expected to be discussed on Tuesday.

Related Stories

Member Comments

Please note by clicking on "Post comment" you acknowledge that you have read the Terms of Use and the comment you are posting is in compliance with such terms. Be Polite. Inappropriate posts may be removed by the moderator.

powered by



Play Hockey Simulation Game on WhatIfSports

NHL Videos

Toews, Kane: Easy decision to resign with Blackhawks Posted: Jul 17, 2014
Jonathan Toews and Patrick Kane say their decision to sign matching 8-year, $84M...

LA mayor 'F-bombs' Kings rally Posted: Jun 17, 2014
Los Angeles mayor Eric Garcetti toasts the Stanley Cup champion Kings in front o...

Kings, fans celebrate Stanley Cup Posted: Jun 16, 2014
Kings players celebrate winning the Stanley Cup with a parade through downtown L...

Fox Sports Store

    itemName itemURL imageSrc price itemDescription
    Reebok Sidney Crosby Pittsburgh Penguins Premier Hockey Jersey - Black http://shop.foxsports.com/FOX_Pittsburgh_Penguins/browse/featuredproduct/175178/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_175000/FF_175178_xl.jpg&w=100 159.95 Reebok Sidney Crosby Pittsburgh Penguins Premier Hockey Jersey - Black
    Reebok Dallas Stars White Premier Hockey Jersey http://shop.foxsports.com/FOX_Dallas_Stars/browse/featuredproduct/243363/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_243000/FF_243363_xl.jpg&w=100 124.95 Reebok Dallas Stars White Premier Hockey Jersey
    Reebok Tampa Bay Lightning Primary Logo T-Shirt - Royal Blue http://shop.foxsports.com/FOX_Tampa_Bay_Lightning/browse/featuredproduct/301017/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_301000/ff_301017_xl.jpg&w=100 19.95 Reebok Tampa Bay Lightning Primary Logo T-Shirt - Royal Blue
    Majestic Anaheim Ducks Black Official Logo Full Zip Hoodie Sweatshirt http://shop.foxsports.com/FOX_Anaheim_Ducks/browse/featuredproduct/398322/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_398000/FF_398322_xl.jpg&w=100 43.99 Majestic Anaheim Ducks Black Official Logo Full Zip Hoodie Sweatshirt
    Detroit Red Wings Youth Black Southpaw Backpack http://shop.foxsports.com/FOX_Detroit_Red_Wings/browse/featuredproduct/403205/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_403000/FF_403205_xl.jpg&w=100 24.95 Detroit Red Wings Youth Black Southpaw Backpack
    Reebok Chicago Blackhawks #88 Patrick Kane Red Premier Hockey Jersey http://shop.foxsports.com/FOX_Chicago_Blackhawks/browse/featuredproduct/408123/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_408000/FF_408123_xl.jpg&w=100 159.95 Reebok Chicago Blackhawks #88 Patrick Kane Red Premier Hockey Jersey
    Majestic New Jersey Devils Red Felt Tek Patch Pullover Hoodie Sweatshirt http://shop.foxsports.com/FOX_New_Jersey_Devils/browse/featuredproduct/456774/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_456000/ff_456774_xl.jpg&w=100 47.99 Majestic New Jersey Devils Red Felt Tek Patch Pullover Hoodie Sweatshirt
    Vancouver Canucks 2011 NHL Western Conference Champions Hockey Stick http://shop.foxsports.com/FOX_Vancouver_Canucks/browse/featuredproduct/665779/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_665000/ff_665779_xl.jpg&w=100 11.95 Vancouver Canucks 2011 NHL Western Conference Champions Hockey Stick
    Majestic New York Islanders Royal Blue Felt Tek Patch Pullover Hoodie Sweatshirt http://shop.foxsports.com/FOX_New_York_Islanders/browse/featuredproduct/752594/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_752000/ff_752594_xl.jpg&w=100 47.99 Majestic New York Islanders Royal Blue Felt Tek Patch Pullover Hoodie Sweatshirt