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Setting The Cap
by Paul on 03/17/06 at 05:57 PM ET
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from Eric Duhatschek of the Globe and Mail,
Officially, the NHL is scheduled to announce the salary cap for the 2006-07 season on June 30, or just after they receive a preliminary financial summary of the just completed year.
Based on that forecast and the formula devised in the collective bargaining agreement, the salary cap will be set between $45-million and $46-million, while the payroll floor (the minimum amount that every team must spend on salaries) will be set at $29-million or $30-million. That would give teams exactly 24 hours notice, before they can collectively uncap their pens and let the free agency season begin.
read on...very interesting if you follow the business side of the NHL…
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