bump
NHL salary cap expected to rise $1 million for next season, with current revenue projections of $5.7B; that number would need to hit ~$5.85B, for escrow to be paid off and the cap to go up to $86M
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The NHL salary cap is expected to be $83.5 million next season, a $1 million increase, because current revenue projections indicate the players will have a remaining escrow debt owed to the owners after this season, NHL Commissioner Gary Bettman said Tuesday.
However, Bettman said if the remaining debt of an estimated $70 million is paid off this season the salary cap would then rise slightly above $86 million next season.
The NHL is estimating revenues to be around $5.7 billion this season, up from approximately $5.4 billion last season. Bettman said the revenue projection would have to increase about $140 million to $150 million for the escrow debt to be paid in full this season.
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NHL Deputy Commissioner Bill Daly said two factors could cause an increase in the current revenue projection.
"Currency valuation is one, and then what we generate in playoff revenue," Daly said. "Who is in the playoffs and what are they generating in revenue."
Bettman said the tumbling value of the Canadian dollar, currently $0.74 to the U.S. dollar, factors in marginally in the NHL's revenue projections.
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https://www.nhl.com/news/nhl-salary-...on/c-338733940