Discussion in 'The Business of Hockey' started by harper, May 7, 2006.
Is the salary cap expected to go up next season?
When is the salary cap scheduled to be announced/released?
Expected to go up by people on these boards? certainly.... in reality? maybe, maybe not
There is a lengthy sticky on this like 3 posts up.
The bottom line is, yes the cap will be going up, we just don't know by how much yet.
There are two issues - coming up with a total for this seasons Hockey Related Revenues, which includes playoff revenues so the league won't have a total until after the playoffs, and Ted Saskin (NHLPA Pres) has proposed a change in the Cap/Floor formula and we don't know whether that change will go into effect.
Most estimates I've seen says the gap goes up to $45M-$46M under the current cap rules or $42M-$43M with Saskin's proposed change.
The change Saskin is advocating would change the cap/floor from being the midpoint plus/minus $8M to the midpoint plus $5M / minus $11M. This would just affect the cap, not the total 54% guaranteed to the players. The rationale behind this change is to reduce the amount the players will have to pay in escrow tax during the season.
Unfortunately, it is likely that the PA won't be able to vote on this until July, which might mean delaying the start of the Free Agent signing period, since GMs won't sign anybody until this issue is settled one way or the other.
The new cap will be $110 million.
*sees Rangers, Red Wings, Flyers and Leafs fans rejoice*
Ranger fans start riots in outrage, we all saw what happend when they spent money