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NHL salary cap on the rise again, set at US$59.4 million for 2010-11 season

The Canadian Press
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The Hockey News
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NHL salary cap on the rise again, set at US$59.4 million for 2010-11 season

The Canadian Press
By:

LAS VEGAS, Nev. - NHL teams are going to have more money to spend on players next season.

The league's salary cap has been bumped to US$59.4-million, the fifth straight time the number has increased since being introduced coming out of the 2004-05 lockout.

The minimum a team can spend—known as the salary floor—will be $43.4 million.

This year's salary cap was set at $56.8 million.

The cap number is based on league revenues.

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NHL salary cap on the rise again, set at US$59.4 million for 2010-11 season