Report: Salary cap could rise to $80 million in four years
There’s good news for players whose contracts are expiring in the near future. The salary cap could be sky-high in just a few years.
CBC’s Elliotte Friedman reported on Sportsnet 590 The Fan in Toronto yesterday (via The Score) that some NHL insiders believe the salary cap could rise as high as $80 million in just four years. The cap this season is set at $64.3 million.
The cap going up isn’t a surprise but the possibility of seeing it rise as much as $16 million in just four seasons is something many teams may not be prepared for. Last season, teams got to spend up to just over $70 million but had to come back down this year.
The cap is expected to rise again next season which could (is?) making negotiations with potential future free agents awkward.
Take a look at the New York Rangers who have Henrik Lundqvist, Ryan Callahan, and Dan Girardi as potential unrestricted free agents next summer. GM Dave Nonis could be in a bind as well with the Toronto Maple Leafs as both Phil Kessel and Dion Phaneuf can hit the market as well.
General managers may have to sit tight and wait to see how high it could be before really opening their owners’ wallets.