NHL Raises Salary Cap
The NHL must be doing a lot better given the league has raised the salary cap to $50.3-million from $44-million. The minimum a team can spend is $34.3-million, while the top salary that an individual player can make is now $10.6-million.
Even though television revenue in the U.S. is almost non-existent, the salary cap has been raised because league revenue has climbed 29% in the past two years - probably due to higher ticket prices than anything else. Of course, this source of revenue growth is sustainable for only so long.
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