Contrary to earlier reports, NHL deputy commissioner Bill Daly says that the league is expecting a “healthy rise in the salary cap for next season.”
Worried that a weak Canadian dollar could hurt the NHL financially? Don’t be, says NHL deputy commissioner Bill Daly. The salary cap should be on the rise for the 2015-2016 season.
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The value of the Canadian Dollar has dropped to being valued at $.88 US. That is considerably lower than it was just two years ago. This prompted reports that the salary cap might not increase at all for the 2015-2016 season.
But revenue is up across the league, and even with a weak Canadian dollar the league is expecting the salary cap to increase. Speaking to the New York Times, NHL deputy commissioner Bill Daly said there is nothing to worry about.
"“I expect there to be a healthy rise in the salary cap for next season. The Canadian dollar would have to continue to fall in a material way for that to change.”"
There is no official word on what would constitute a “fall in a material way.” If the league is expecting the salary cap to increase, then it must be something larger than the drop we are currently experiencing.
This isn’t the first time that the Canadian dollar has created problems for the NHL. Back in the early 1990s, it was cited as one of the primary reasons that the Winnipeg Jets and Quebec Nordiques moved across the board into the United States.
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