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The Official Cap Number
by Paul on 06/26/09 at 02:43 PM ET
Comments (7)
from the CP via the Globe and Mail,
The NHL’s salary cap is on the rise.
Deputy commissioner Bill Daly confirmed Friday that next year’s cap will go up by $100,000 to $56.8-million in 2009-10.
Part of the reason for the growth is that the NHL Players’ Association decided to invoke a five per cent inflator, which was negotiated as part of the collective bargaining agreement.
added 4:21pm,
TORONTO/NEW YORK (June 26, 2009)—The National Hockey League Players’ Association and the National Hockey League announced today that the Team Payroll Range established for the 2009-10 League Year, pursuant to the Collective Bargaining Agreement, provides for a Lower Limit of $40.8 million, an Adjusted Midpoint of $48.8 million and an Upper Limit of $56.8 million.
Filed in: NHL Teams, NHL Talk, NHLPA | KK Hockey | Permalink
Comments
They did vote for the inflator last year - that played a part in the escrow held back being such a high percentage.
The big crunch is going to be after next year, as the economy tanked after many revenues were already accounted for this year, limiting the impact somewhat on the cap for next year.
If the revenues fall off next season, the cap for the 2010-11 season may also stay flat or even decline (even if only slightly) and that will hurt the teams with players on large money contracts if they don’t have flexibility elsewhere on the roster.
Posted by Baroque from Michigan on 06/26/09 at 02:02 PM ET
HOSSA(!!!)
Posted by Animal Drew from The Mitten on 06/26/09 at 02:59 PM ET
For $100,000? 
(Yes, I know what you mean. Holland can actually negotiate now that he has a number in mind instead of just a vague idea of where the cap would be.)
Posted by Baroque from Michigan on 06/26/09 at 02:04 PM ET
That also means the hockey related revenues didn’t decline, unless they voted against the inflator last year.
I could be wrong, but I’m pretty sure they voted for the inflator last year as well. Most people in the know have been projecting the cap to stay the same or fall at most $1-2 Million this year, interesting to see it went up, even at a tiny amount. It is the following year, in the 10-11 season that people were predicting revenues would take a hit and the cap could drop to $50-52 Million.
Posted by Russian Rocket on 06/26/09 at 02:04 PM ET
They did vote for the inflator last year - that played a part in the escrow held back being such a high percentage.
Thank you for the info, I couldn’t recall if they did.
Strictly speaking, the CBA doesn’t prevent the parties from voting against a five percent inflator next year and a mutual agreement to inflate it by seven instead, ie. to soften a potential salary cap decline. Not likely, but technically possible.
Then again, I don’t think the revenues will decline sharply next season.
The major problem with a $56.8M cap is that stupid GM’s will think the problems are over and commit contract and trade blunders. Of courese, that their problem if it happens.
Posted by Moq from Denmark on 06/26/09 at 02:17 PM ET
The major problem with a $56.8M cap is that stupid GM’s will think the problems are over and commit contract and trade blunders. Of courese, that their problem if it happens.
Since when has a cap number ever limited the stupidity of GM’s? I always thought of their collective stupidity as the second most common element in the universe (to hydrogen, of course). 
And it’s probably only their problem until they can whine about how they are so poor because the greedy players won’t play for the love of the game and let them sell tickets for low enough prices so every middle-class family can afford to take in a game. Bunch of SOBs.
Posted by Baroque from Michigan on 06/26/09 at 02:23 PM ET
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That also means the hockey related revenues didn’t decline, unless they voted against the inflator last year.
All in all good news with a stable salary cap, except for the teams struggling to meet the salary cp floor and make money.
Posted by Moq from Denmark on 06/26/09 at 01:51 PM ET