Breaking News - Gary Bettman reveals bad news about the salary cap
Earlier this year the NHL announced that they expected that the salary cap could rise substantially this summer. The league was reporting record highs and felt like the players could see their portion of the escrow completely paid back. This change gave a lot of hope to teams who were struggling against the cap.
Unfortunately today at the Board of Governor's Meetings, Gary Bettman revealed some disappointing news.
Gary Bettman says #NHL is now projecting a $70m remaining escrow balance at the end of the season, which would result in the salary cap rising just $1 million this summer to $83.5 million.
Not willing to say now whether a negotiation with #NHLPA for larger increase is possible.
With almost half the league being within a couple million dollars of the salary cap this could lead to some big issues this summer. This could have a major impact on teams like the Colorado Avalanche, who signed Nathan MacKinnon to a major contract with the expectation that they cap would rise approximately $4,000,000 next year.
POLL |
What should the NHL do with the salary cap? |
Keep the current system | 0 | 0 % |
Get rid of the salary cap | 0 | 0 % |
Go to a soft cap | 0 | 0 % |
List of polls |
|
2 hours ago | By Graham Montgomery Darnell Nurse drops the gloves with Predators forward after Oilers fall behind once again |
|
3 hours ago | By Graham Montgomery John Tavares under fire for advertising magical amulet that reportedly helps him heal faster |
|
5 hours ago | By Graham Montgomery Devastating News Hits the Blackhawks as Top Player Hits the IR With Groin Injury |
|
6 hours ago | By Chris Gerics Edmonton Oilers Shake Things Up Ahead of Predators Game After Rough Start to the NHL Season |
|
8 hours ago | By Daniel Lucente Contracts of Seven Former NHL Players Suddenly Terminated, Raising Questions |
|
10 hours ago | By Tom Banks Meredith Gaudreau Reacts with Two Simple Words to Sean Monahan's Goal Celebration on Tribute Night |
|
11 hours ago | By TJ Tucker Craig Berube's Heated Timeout Speech to the Maple Leafs Bench Revealed, Sparking Strong Team Response |
|
12 hours ago | By Daniel Lucente Matt Stienburg Drops the Gloves with Nikita Zadorov as Proud Dad Trevor Watches and Films |
Previously on Bladeofsteel