NHL GM's prepare for a new reality financially
With teams facing reduced and lost revenue the reality is that the salary cap might not be as relevant to some teams in terms of their spending plans.
https://globalnews.ca/news/7335093/n...medium=Twitter
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he salary cap was projected to hit at least US$84 million in 2020-21 — a bump of $2.5 million from the current season — and had the potential to rise to $88.2 million if the NHL Players’ Association maxed out the escalator clause in the collective bargaining agreement.
The playoffs were just over the horizon. GMs were mapping out plans for free agency, the draft and beyond.
That, as the saying goes, was then. And the “now” looks a whole lot different than anyone could have imagined 6 1/2 months ago thanks to the devastating COVID-19 pandemic.
The NHL got the current season back up and running this summer in the hub cities of Toronto and Edmonton without fans after the schedule was suspended March 12, but with little revenue coming through the door, teams are facing harsh, new economic realities.
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