Salary Cap to Jump to $60.5M-$63.5M Next Year

[RGM81]

http://www.montrealgazette.com/sport...199/story.html

Bill Daly, the deputy commissioner of the National Hockey League, addressed the annual conference of the Sports Lawyers Association on the weekend and revealed that the NHL salary cap will go up as it has each year since the current collective agreement went into effect for the 2005-06 season.
The cap is based on hockey related revenue and Daly told the group, which included a number of salivating agents, that the NHL is expecting to post record revenue of close to $3 billion for the 2010-11 season. That’s an increase of more than $200 million from the previous season.
Since the CBA was reached after the 2004-05 lockout, league-wide revenues have increased by $750-800 million and the cap has increased by more than $20 million a team. The salary cap last season was $59.4 million and Daly said that it could jump to between $60.5 million and $63.5 million for next season.

. . .

But the salary cap increase won’t be good news for all teams. As the cap goes up, so does the floor. That’s the minimum amount of money a team has to pay for its players and that will create a burden for some of the NHL’s have-nots. While overall revenue is up, we continue to hear stories about major losses in Columbus, Atlanta, Long Island, Florida and, of course, Phoenix which has been kept on life support by the NHL. You might recall that the NHL owners said the lockout was necessary because the average salary had reached $1.8 million. The average salary is currently more than $2.3 million.
You can expect revenues to go up again next season, partly because the Atlanta Thrashers will be attracting sellout crowds in Winnipeg and there will be increased television dollars as a result of the new U.S. deals with Versus and NBC.

[SkyFire47]

looks like Glen Sather's gonna have more wiggle room to work his "magic" this off season.