Jun 27, 2014; Philadelphia, PA, USA; NHL commissioner Gary Bettman addresses the crowd before the 2014 NHL Draft at Wells Fargo Center. Mandatory Credit: Bill Streicher-USA TODAY Sports

NHL Salary Cap Raised To $69 Million

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.

Feb 3, 2014; Newark, NJ, USA; The New Jersey Devils have a tough and busy summer ahead of them. Free agency begins July 1st. Mandatory Credit: Ed Mulholland-USA TODAY Sports

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!

Next Devils Game Full schedule »
Friday, Oct 2424 Oct7:00Dallas StarsBuy Tickets

Tags: Devils New Jersey Devils NHL NHL Salary Cap

comments powered by Disqus