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Salary cap climbing, for now

00:00 EDT Friday, June 29, 2012

The NHL's salary cap is taking another big jump. At least for now.

The league announced on Thursday that the cap of each team's payroll will rise to $70.2-million (all currency U.S.) for 2012-13, which is up more than 9 per cent from $64.3-million last season.

The cap has nearly doubled from 2005-06 - its first year in existence - when it was just $39-million coming out of the 2004-05 lockout.

The rise means the salary floor, which is set at $16-million below the cap, will now be $54.2-million.

Under the league's collective bargaining agreement (CBA), the NHL's floor and cap are tied directly to league revenue, which hit a record $3.3-billion this past season.

That cap figure, however, is expected to change. The NHL and National Hockey League Players' Association are set to begin negotiations on a new CBA on Friday, and one of the main targets of league ownership will be the players' share of revenue.

Based on the current system, if the players receive a lower portion of revenue, the cap will decrease accordingly, meaning the $70.2-million figure may only be in effect for the off-season.

The CBA is scheduled to expire on Sept. 15.

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BY THE NUMBERS

$70.2-million

Maximum amount of each team's payroll (all currency U.S.) for the 2012-13 season. The cap has come a long way in a short time.

SeasonCap (U.S.)
2005-06$39-million
2006-07$44-million
2007-08$50.3-million
2008-09$56.7-million
2009-10$56.8-million
2010-11$59.4-million
2011-12$64.3-million
2012-13$70.2-million

© The Globe and Mail


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