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Salary cap in the NHL going up for fourth straight season

TSN.ca Staff

6/26/2008 2:10:52 PM

The salary cap in the NHL is going up again.

Sources tell TSN that for the 2008-09 season, the salary cap will rise to a maximum of $56.7-million. That is a $6.4-million increase from this past season when the cap was set at $50.3-million.

The lower limit also rose to $40.7 million, the minimum each of the 30 teams must spend on player salaries.

The most an NHL player can earn in a new contract next season is $11.34 million a year.

This is the fourth straight season the salary cap has risen since the end of the NHL lockout when the cap was set at $39-million.