The NHL and NHLPA announced the salary cap for 2016-17 will be set at $73MM. That represents a $1.6MM growth from last season’s $71.4MM ceiling.
Sportsnet’s Chris Johnston reports that the raise is thanks to the NHLPA enacting the 5% growth factor. Without the players using escrow money to boost the cap, the ceiling would have fallen to $69.5MM according to James Mirtle of The Globe & Mail.
The cap floor is set at $54MM.