{"id":11196,"date":"2017-06-16T13:29:21","date_gmt":"2017-06-16T17:29:21","guid":{"rendered":"https:\/\/lastwordonsports.com\/hockey\/?p=11196"},"modified":"2017-06-16T13:29:21","modified_gmt":"2017-06-16T17:29:21","slug":"report-salary-cap-increase-75-million-2017-18","status":"publish","type":"post","link":"https:\/\/lastwordonsports.com\/hockey\/2017\/06\/16\/report-salary-cap-increase-75-million-2017-18\/","title":{"rendered":"Report: NHL Salary Cap to Increase to $75 Million for 2017-18 Season"},"content":{"rendered":"<p>The NHLPA Executive Committee is expecting a result of a vote today on the proposal to increase the NHL salary cap by $2 million.<\/p>\n<h3>Report: NHL Salary Cap to Increase to $75 Million for 2017-18 Season<\/h3>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">NHLPA&#8217;s Executive Board is voting on the $75 Upper Limit&#8230;approx 2.5% escalator&#8230;An announcement today is possible.<\/p>\n<p>\u2014 John Shannon (@JSportsnet) <a href=\"https:\/\/twitter.com\/JSportsnet\/status\/875749393500176384\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">June 16, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The cap has increased dramatically since its inception at $39 million in 2005-06, increasing each year excluding the time period from 2011-14 due to the 2012-13 NHL lockout where it stayed at $64.3 million in both of the full length campaigns of 2011-12 and 2013-14. In 2013, the cap was at $60 million, but teams were allowed to spend $70.2 million in the condensed schedule.<\/p>\n<p>The cap was reported to go up to $76 million and even $77 million, but hinged on the vote to decide on a monetary percentage increase. That number decreased as they settled on an increase of $2 million. According to Bob McKenzie, the number was never going to be a decline, only an increase.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">NHLPA internal debate is whether to apply full 5% inflator or some lesser number than 5 but greater than zero. Virtually no chance it&#8217;s 0.<\/p>\n<p>\u2014 Bob McKenzie (@TSNBobMcKenzie) <a href=\"https:\/\/twitter.com\/TSNBobMcKenzie\/status\/874051708904771584\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">June 11, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This provides some sort of relief for teams up against the cap, especially the Chicago Blackhawks and Anaheim Ducks, the former currently sitting in the red at -$4,520,628 and the latter at $1,665,000 respectively.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Choosing the $75-million cap figure is not the full 5% growth factor. More like 1.5%. That likely shrinks escrow by a couple percent.<\/p>\n<p>\u2014 James Mirtle (@mirtle) <a href=\"https:\/\/twitter.com\/mirtle\/status\/875751658638192640\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">June 16, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This would be the lowest salary cap increase from one season to the other since the summer of 2010 when the cap increased by just $100,000. The highest came in the summer of 2008, when the cap went up by $6.4 million from $50.3 to $56.7 million. This may affect how teams handle their various situations come next week&#8217;s expansion draft as well as Entry Draft. An extra cash boon could help others looking for a free agent acquisition as well as keeping restricted players.<\/p>\n<p>Main Photo:<\/p>\n<div class=\"getty embed image\" style=\"background-color: #fff; display: inline-block; font-family: 'Helvetica Neue',Helvetica,Arial,sans-serif; color: #a7a7a7; font-size: 11px; width: 100%; max-width: 594px;\">\n<div style=\"padding: 0; margin: 0; text-align: left;\"><a style=\"color: #a7a7a7; text-decoration: none; font-weight: normal !important; border: none; display: inline-block;\" href=\"http:\/\/www.gettyimages.com\/detail\/630767446\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">Embed from Getty Images<\/a><\/div>\n<div style=\"overflow: hidden; position: relative; height: 0; padding: 72.727273% 0 0 0; width: 100%;\"><iframe loading=\"lazy\" style=\"display: inline-block; position: absolute; top: 0; left: 0; width: 100%; height: 100%; margin: 0;\" src=\"\/\/embed.gettyimages.com\/embed\/630767446?et=GmkdzSx8RmlDoj5JXJcvOg&amp;tld=com&amp;viewMoreLink=off&amp;sig=sCOST7_gLPHxM4vkp4nulVEOZLrI6dTfXNbwByJg7wA=&amp;caption=true\" width=\"594\" height=\"432\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/div>\n<p style=\"margin: 0;\">\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The NHLPA Executive Committee is expecting a result of a vote today on the proposal to increase the NHL salary cap by $2 million. Report: NHL Salary Cap to Increase to $75 Million for 2017-18 Season NHLPA&#8217;s Executive Board is voting on the $75 Upper Limit&#8230;approx 2.5% escalator&#8230;An announcement today is possible. \u2014 John Shannon [&hellip;]<\/p>\n","protected":false},"author":546,"featured_media":11199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","sfio_featured_image":false,"sfio_embed_code":"","_ef_editorial_meta_date_first-draft-date":"","_ef_editorial_meta_paragraph_assignment":"","_ef_editorial_meta_checkbox_needs-photo":"","_ef_editorial_meta_number_word-count":"","footnotes":""},"categories":[34,2],"tags":[37,38],"class_list":["post-11196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-featured","tag-hockey","tag-nhl"],"modified_by":"Ben Kerr","_links":{"self":[{"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/posts\/11196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/users\/546"}],"replies":[{"embeddable":true,"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/comments?post=11196"}],"version-history":[{"count":0,"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/posts\/11196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/media\/11199"}],"wp:attachment":[{"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/media?parent=11196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/categories?post=11196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/tags?post=11196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}