2011-12 NHL Salary Cap To Rise

By: Mike Vukovcan

May 25, 2011 6:59 AM

(Photo Credit: Justin K. Aller/Getty Images)

Filed under

Penguins Central

Shop for Penguins Gear
Buy Penguins Tickets

NHL Scoreboard
NHL Standings
Team STATS
Team Schedule
Team Roster
Team Injuries

Pittsburgh (KDKA)- The Pittsburgh Penguins will have some tough financial decisions to make this off-season but they’ll be helped by an increase in the NHL salary cap.

Bill Daly, the deputy commissioner of the NHL, announced that the salary cap will go up as it has each year since the current collective agreement went into effect for the 2005-06 season.

The league is expected to post record revenue of close to $3 billion for the 2010-11 season. If that number is accurate that would be an increase of over $200 million from the previous season. The salary cap is based on the league’s related revenue.

The salary cap last season was $59.4 million and Daly hinted that it could rise to as much as $63.5 million for next season.

That’s good news for the Pittsburgh Penguins, who sell out every game and make plenty of money from the Consol Energy Center.

http://trend-topics.com/news/impact-of-penguins-first-stanley-cup-title-still-felt-20-years-later/ Impact of Penguins' first Stanley Cup title still felt 20 years later

[...] 2011-12 NHL Salary Cap To Rise The Pittsburgh Penguins will have some tough financial decisions to make this off-season but they’ll be helped by an increase in the NHL salary cap. Read more on CBS Pittsburgh [...]
http://pittsburghsportsdepot.com/2011/05/25/free-agency-rising-salary-cap-should-help-penguins/ Free Agency: Rising Salary Cap Should Help Penguins « Pittsburgh Sports Depot

[...] Daly, the deputy commissioner of the NHL, says it could rise as high as $63.5 million. The bigger the leap in the salary cap the better for Pittsburgh. It’s a team that is wealthy [...]
http://nhlvideo.co.uk/NHLnews/?p=675 2011-12 NHL Salary Cap To Rise | NHL News

[...] decisions to make this off-season but they’ll be helped by an increase in the NHL salary cap. Pittsburgh Penguins – Yahoo! News Search Results Related Posts:Pittsburgh Penguins: 8 Things That Must Change Next SeasonPens Celebrated 1st Cup 20 [...]