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NHL salary cap to increase to $64 million in 2011-12 season

TSN.ca Staff

6/20/2011 12:57:07 AM

With the National Hockey League Entry Draft less than a week away and the potential for trades escalating this week and next with the free agency period looming, the salary cap will be going up by nearly $5 million next season.

Clubs and agents are being told next year's salary cap will be set at an upper limit of $64 million with a floor of $48 million.

During the 2010-11 season, the salary cap had an upper limit of $59.4 million.

The league's cap - entering its seven season under the current collective bargaining agreement - has risen every year since the end of the NHL lockout when the cap was set at $39-million.