The NHL announced the salary cap figures for the 2014-15 season Friday, and the ceiling isn’t as high as initially expected.
The upper limit (cap) is $69 million, the midpoint is $60 million and the cap floor is $51 million.
The cap was expected to be about $70 million to $71 million. The final figure, which is $4.7 million higher than last year’s cap, could force teams to unload salary before, during or after Friday’s draft in order to be compliant with the cap.
The upper limit in 2015-16 will be boosted by the revenue that the league will receive from its new television contract with Rogers Sportsnet, valued at over $5 billion for the next 12 years.
That cap figure suggests NHL revenues were a record $3.67-billion this season. Cap expected to approach $75-million in 2015 with TV money.—
James Mirtle (@mirtle) June 27, 2014
What does the 2014-15 numbers mean for the Bruins? They have $1,670,357 in cap space with 18 players signed, per CapGeek. Boston could create $4,027,143 in additional cap space by putting veteran forward Marc Savard on long-term injury reserve.
If Bruins general manager Peter Chiarelli is going to re-sign unrestricted free agent Jarome Iginla and the majority of his restricted free agents (including Reilly Smith and Torey Krug), he’ll probably need to move some salary via trade or a buyout.