The NHL and the National Hockey League Players' Association finally announced the salary cap range for the 2012-13 season on Thursday afternoon.
As had been expected for some time, the cap will be set at $70.2 million, and the salary floor will be set at $54.2 million. This, of course, is all pending a new Collective Bargaining Agreement; the two sides are set to begin negotiations on Friday.
How far has the salary cap come since it was first introduced following the 2004 lockout? Look at this way: During the 2005-06 season, which was the first year the cap was in place, the cap itself was just $39 million.
That's $15.2 million below what would be the new floor.
Also at Eye On Hockey