After the NHL received a massive $5.232 billion multimedia rights agreement with Rogers Communications, the salary cap was expected to raise for the 2013-14 season.
Everyone around the NHL, including CapGeek, predicted the salary cap to go up to $71 million for next season, but that is not the case. The cap only raised to $69 million, a $5 million boost from 2013-14′s cap of $64.3 million.
Now the New Jersey Devils have $9,714,166 in cap space going into free agency. If the Devils did not suffer $2.25 million in bonus overages, they could have had the space to make big moves.
Nine million is a good amount of room, but without the buyout of Bryce Salvador or Anton Volchenkov the Devils do not have the room to make a big superstar splash in free agency.
The Devils are still in need of a top-six winger, a fourth line, and a backup goalie. Figuring in the fourth line and the backup goalie that will cost about $3-3.5 million.
With only $6 million remaining the Devils are stuck in a tough spot. Without a buyout or trade, that is not enough space to sign a top-scoring forward they need. Players such as Thomas Vanek or Paul Stastny will want more than 6 million a year, which the Devils cannot afford.
It will be a a very busy and interesting summer for the Devils. Only five more days until free agency!