NEW YORK/TORONTO (June 23, 2015) – The National Hockey League and the National Hockey League Players’ Association today announced that the Team Payroll Range established for the 2015-16 League Year, pursuant to the Collective Bargaining Agreement, provides for a Lower Limit of $52.8 million, an Adjusted Midpoint of $62.1 million and an Upper Limit of $71.4 million.
This leaves $12.5 million dollars under the cap to round out the team, with possibly some changes to drop some contract players for even more flexibility.
Now that the teams know how much they have to work with, let the off-season wheeling and dealing begin.