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 Information in the story may be outdated or superseded by additional information.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.
VANCOUVER, British Columbia (AP) — The NHL salary cap for next season has been set at $81.5 million, which is $1.5 lower than initially projected.
The league and the NHL Players' Association announced the figure Saturday, a day before teams can begin meeting with prospective unrestricted free agents ahead of the signing period opening July 1. The cap rose by $2 million from last season, though teams at or near the maximum were counting additional room in order to sign or re-sign players.
The cap crunch was notable in leading to several teams shedding high-priced salaries during the second and final day of the NHL draft Saturday. The most high-profile trade involved Nashville dealing defenseman P.K. Subban to New Jersey.
___
More AP NHL: https://apnews.com/NHL and https://twitter.com/AP\_Sports
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
