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Matt Greene
NHL sets salary cap at $69 million for 2014-15
NHL sets salary cap at $69 million for 2014-15

NHL general managers and salary-cap specialists went scurrying for their calculators Friday, when the league and the NHL Players’ Assn. announced the payroll ranges for the 2014-15 season. 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...