NHL salary cap set at US$81.5 million for 2019-20 season, floor at $60.2 million

NHL salary cap set at US$81.5 million for 2019-20 season, floor at $60.2 million | iNFOnews.ca
A woman snaps a picture of the Stanley Cup during the second day of the NHL draft at Rogers Arena in Vancouver, Saturday, June 22, 2019. he NHL's salary cap has been set at US$81.5 million for the 2019-20 season after the league and its players' association reached an agreement on Saturday. THE CANADIAN PRESS/Chad Hipolito

TORONTO – The NHL’s salary cap has been set at US$81.5 million for the 2019-20 season after the league and its players’ association reached an agreement on Saturday.

A lower limit of $60.2 million and an adjusted midpoint of $70.9 million were also agreed upon by the two sides.

The $81.5 million upper limit is slightly less than NHL commissioner Gary Bettman predicted it would be at the board of governors meetings in December.

Bettman said on Dec. 3 that the league’s salary cap will likely fall somewhere in the US$83-million range in 2019-20.

The cap was set at $39 million following the lockout that wiped out the 2004-05 season, but has grown by more than $40 million since then.

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Abbey Westbury

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