Hey guys, said it back a while ago that the cap was going to be between $71-72M. Folks here kept on bemoaning the possibility of a $68M cap... repeatedly... not enough money... not enough money... was the reasoning.
Here we are at a 71.4 Cap.
Here's a little tidbit when it comes to sports finance.. which itself is unique in a capped league than most other businesses... if the league doesn't suffer a net loss... and it hasn't for a while.. you can expect the cap to go up or stay relatively stable. True the loonie accounts for 30% of the leagues revenue... The Canadian teams are profitable... and they aren't suffering a loss. If the currency value goes down, they can jack the price up to compensate and still sell out.
It's Canada, they love the game of hockey.
Now the cap is tied to hockey related revenue... and that monster TV deal (in Canada) just kicked in. You will have a $500M expansion fee... another $100M (with virtually no player salary expense) from the World Cup of Hockey.
The cap is going up.
If the loonie rockets back up (unlikely but it won't crash.. Canada is Greece), than the cap will be in a great spot the following year.