Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
Salary cap for 2016-17 NHL season set at $73 million
NEW YORK – The salary cap for the 2016-17 NHL season will be $73 million, up from $71.4 million.
The league and NHL Players’ Association announced the cap number Tuesday night.
The cap floor, or the minimum amount a team can spend, is $54 million. It was $52.8 million last season.
Players elected to use their 5 per cent escalator clause to help increase the salary cap $1.6 million.
The Canadian dollar was one reason why league revenues sagged, preventing a larger cap increase.
The draft begins Friday in Buffalo, New York. Free agency opens July 1 at noon, though teams can talk to players beginning Saturday.
General managers have said they’re waiting on the cap number to make decisions with their own potential free agents.
News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
