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The NHL salary cap is the total amount of money that National Hockey League (NHL) teams are allowed to pay their players. It is a "hard" salary cap, meaning there are no exemptions (and thus no luxury tax penalties are required). It was first introduced in the 2005–06 season . Like many professional sports leagues, the NHL has a salary cap to ...
The team salary cap was $39 million. Under the latest NHL Collective Bargaining Agreement, no player could earn more than 20 percent of the team salary cap ($7.8 million). Jaromir Jagr (New York Rangers) $8.36 million; Nicklas Lidstrom (Detroit Red Wings) $7.6 million Keith Tkachuk (St. Louis Blues) $7.6 million
The NHL salary cap is formally titled the "Upper Limit of the Payroll Range" in the new CBA. For the 2005–06 NHL season, the salary cap was set at US$39 million per team, with a maximum of $7.8 million (20% of the team's cap) for a player. The CBA also mandated the payment of salaries in U.S. dollars, codifying what had been a universal ...
The Stanley Cup The Stanley Cup is a trophy awarded annually to the playoff champion club of the National Hockey League (NHL) ice hockey league. It was donated by the Governor General of Canada Lord Stanley of Preston in 1892, and is the oldest professional sports trophy in North America. Inscribed the Dominion Hockey Challenge Cup, the trophy was first awarded to Canada's amateur ice hockey ...
The NHL paused play in its 2019–20 season on March 12 due to the COVID-19 pandemic. On July 10, 2020, the NHL and NHLPA announced the extension of the CBA through the 2025–26 NHL season. Various elements of the "Return to Play" plan were announced the same day. See also. NHL salary cap; List of player salaries in the NHL; References
The 2004–05 NHL lockout was a labor lockout that resulted in the cancellation of the National Hockey League (NHL) season, which would have been its 88th season of play.. The main dispute was the league's desire to implement a salary cap to limit expenditure on player salaries, which was opposed by the NHL Players Association (NHLPA), the players' labor union, who proposed an alternative ...
Assistant GM Don Fishman has been an expert in managing the salary cap for several years, helping Washington win the Stanley Cup in 2018 and reach the playoffs 15 times in the past 17 seasons ...
History. The NBA had a salary cap in the mid-1940s, but it was abolished after only one season. The league continued to operate without such a cap until the 1984–85 season, when one was instituted in an attempt to level the playing field among all of the NBA's teams and ensure competitive balance for the League in the future.