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Salary Cap Increasing Again
by Paul on 02/07/08 at 07:55 AM ET
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from Kevin McGran of the Toronto Star,
The Star has learned the NHL’s salary cap will rise by about $3 million (all figures U.S.) next year – the third straight rise in the cap under the current collective bargaining agreement.
“It depends on a lot of factors, but I expect the cap will go up at least $3 million,” said a source.
The rising value of the Canadian dollar is one reason forwarded for an increase in revenues, but commissioner Gary Bettman has said merchandising revenue and ticket sales were up across the league.
more on how the increase of the cap can help the Leafs…
Filed in: NHL Teams, Toronto Maple Leafs, NHL Talk | KK Hockey | Permalink
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About KK Hockey
Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
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Thanks, Paul, I guess I need to stop taking swigs of Diet Pepsi before reading the above. Can you say monitor wipedown required?
Posted by dash_pinched on 02/07/08 at 12:25 PM ET