Sports / 

NHL teams will be allowed to spend more next season

NHL teams will be allowed to spend more next season


1 photo

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

MANALAPAN, Florida (AP) — NHLs team will be allowed to spend more next season.

Commissioner Gary Bettman told reporters at the conclusion of the league's board of governors meeting Friday that the projected salary cap for 2018-19 will be somewhere between $78 million and $82 million, up from the current $75 million.

"The league has never been healthier," Bettman said in a ballroom at the Eau Palm Beach Resort & Spa. "The game has never been healthier. Our franchises have never been healthier. Our fan base has never been better."

Bettman said hockey-related revenue will be around $4.54 billion this season, an 8.2 percent increase.

The league opened the board of governors meeting Thursday by announcing it has agreed to consider an expansion application from billionaire David Bonderman and filmmaker Jerry Bruckheimer for Seattle, The franchise would cost $650 million, and allow the pair to start a season-ticket drive to gauge interest. That news came on the heels of the announcement that Texas businessman Tom Dundon had signed an agreement to purchase a majority stake in the Carolina Hurricanes.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Photos

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast