TORONTO (CBSMiami/AP) – NHL teams with big roster decisions to make this summer have finally gotten word of what their financial limitations will be.
The NHL salary cap for the 2015-16 season will be $71.4 million – a $2.1 million increase from last season.
The new figure was announced Tuesday by the league and the NHL Players’ Association.
The cap floor – the minimum an NHL team must spend – will be $52.8 million. The salary cap is determined by hockey-related revenue.
The NHLPA triggered its 5 percent escalator clause to increase the cap.
The Florida Panthers currently have $60.