The NHL’s two-day Board of Governors meetings kicked off yesterday, and commissioner Gary Bettman told the BoG that the salary cap in 2014-15 season could very well reach the $71 million mark, as per NHL.com. The cap this season is $64.3 million, down from $70.2 million during the 2012-13 campaign.
Bettman spoke to Dan Rosen of NHL.com about the rising level of the cap, and had this to say:
We’re looking at a cap in the $71 million range as an estimate. It’s subject to change. It’s very preliminary… I said to the Board there shouldn’t be any issue or consternation, if [$71 million] is the cap level it’s because revenues have gone up, and that’s a good thing. When the cap goes up, revenue sharing goes up, and the system works the way it’s supposed to.
An increase from $64.3 to $71 million marks a 12% increase, and helps teams like the Pittsburgh Penguins and New York Rangers that have inked current players to big-money extensions that kick in next season. Meanwhile, the cap floor would be at or around the $52 million mark.
The BoG also ratified the NHL’s massive $5.2 billion, 12-year, Canadian national television and multimedia rights agreement with Rogers Communications. According to Rosen, money from that deal has been factored into the cap projection.