The current Coyotes salary cap hit per NHLnumbers.com is $34.479 million. So, doing some quick math, that leaves them with $18.321 million to spend to reach the required lower limit.
What does that mean? It means, even with the hit they may take signing Mikkel Boedker (negotiations are on-going) they will still have plenty of room to sign other free agents, and take on salary involving trades. Boedker will probably receive a multi-year contract in the range of $4-5M a year.
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Per rotoworld.