Publish date:

NHL salary cap rises to US$56.7 million for 2008-09 season - up $6.4 million

NEW YORK - The NHL's salary cap is on the rise for a fourth consecutive season.

Each team will have a maximum of US$56.7 million to spend for the 2008-09 season, both the NHL and NHL Players' Association announced Thursday. It's up $6.4 million from last season.

The floor also rose $6.4 million to $40.7 million, the minimum each of the 30 teams must spend on player salaries.

The most an NHL player can earn in a new contract next season is $11.34 million a year.

Next season's floor is higher than the $39-million salary cap the NHL had coming out of the lockout in 2005-06. The salary cap rose to $44 million for 2006-07 and to $50.3 million last season.

TOP HEADLINES

USATSI_16950020
Play

Injuries Causing Early Season Headaches for NHL Teams

We’re barely two games into the season for some teams, and already, their depth is being seriously tested. That’s unlikely to change, all season long.

USATSI_16954580_168393426_lowres
Play

Is Adam Fox Worth $10 million Per Season?

His peer, Charlie McAvoy, just inked a big extension in Boston and the New York Rangers rearguard already has a Norris Trophy.

Kevin Hayes
Play

Playing for Jimmy: Grieving Hayes Suits up for Flyers Season

At just 31, former NHL player Jimmy Hayes was found dead this summer inside his family home. Nearly two months later, the idea of starting a season without his brother weighs on Philadelphia Flyers forward Kevin Hayes.