NHL Salary Cap is expected to rise next season

Today the NHL’s board of governors meet in beautiful Pebble Beach, California, to discuss among other things, next season’s projected salary cap. All indications favour a significant rise in the Cap, allowing NHL clubs some leeway with bad salaries they may currently employ. This season’s cap ceiling is $64 million per team. It is estimated by TSN Insider Darren Dreger that the ceiling will rise to in-and-around $70 million when the 2014-15 season commences.

Dreger also speculates we will become privy to next season’s salary cap projection at the end of today’s meetings. If the estimated jump by approximately $6 million occurs, there exists an opportunity for NHL clubs at the current cap ceiling to add at least one more player of significance in time for next season.

At the end of this season several significant players will become unrestricted free agents if they do not agree to contract before July 1st, 2014, when the league allows all UFAs to sign wherever they please.

The list of potential impact players who could conceivably hit free agency as free men is long and impressive: Marian Gaborik, Joe Thornton, Dan Boyle, Dion Phaneuf, Ryan Miller, Andrei Markov, Jarome Iginla, and Patrick Marleau are names that stand out. However, logic, and recent history suggest many of these names will be locked-up before July 1.

Upon becoming aware of next season’s projected cap ceiling, re-signing big name players will become easier for NHL general managers to accomplish. Don’t be surprised if contract negotiations increase after today’s announcement.

For more information on the NHL’s board of governors meetings, check out this report by TSN.