TSN TV Schedule TSN2 TV Schedule
NHL

NHL salary cap set at $69 million for 2014-15 season

{eot}
The Canadian Press
6/27/2014 4:51:08 PM
Decrease Text SizeIncrease Text Size
Text Size

NEW YORK -- The NHL and the NHL Players' Association say the salary cap for the 2014-15 season is going up to $69 million after a year of record revenues.

In a joint announcement Friday before the NHL draft, the sides said the cap is rising from the $64.3 million upper limit that teams operated on during the just-completed season. As stipulated in the collective bargaining agreement between the league and the players, clubs must maintain a minimum payroll of $51 million.

NHL Commissioner Gary Bettman said Thursday, following a meeting of the league's board of governors, he hoped to have the cap set before the start of the two-day draft Friday. Now clubs know the salary parameters they have to work with entering the free-agent signing period that begins Tuesday.

Gary Bettman (Photo: The Canadian Press)

zoom

(Photo: The Canadian Press)
Share This

Share This

Add to FacebookAdd to DiggAdd to FarkAdd to TwitterAdd to Stumble UponAdd to Reddit
Print this Story


TSN TweetBox
© 2014
All rights reserved.
Bell Media Television