The payroll range -- which is agreed upon by the league and the union -- will have a lower limit (floor) of $51 million, an adjusted midpoint of $60 million, and an upper limit (cap) of $69 million. The cap is tied to league revenues.
Preliminary projections last season, based in part on record revenues that the league was collecting and anticipating, had placed the cap at $71 million. That number apparently was brought down by the weakness of the Canadian dollar. The difference between $69 million and $71 million might not seem like much, but for teams that are pushing the upper limit, it could mean the difference between keeping or trading a player.
The cap for last season was set at $64.3 million after the
Kings General Manager
“We found out, to our chagrin and surprise the other day, we had been told the cap was going to be $71 [million] and now with the Canadian dollar having tanked, that the cap could be as low as $68 [million]. That's a huge swing,” Lombardi said the day he completed the trade that brought winger
“So that's more of the talks with our three guys, Mitchell, [