NHL Proposes $58M Salary Cap

The NHL and NHLPA held multiple extensive meetings yesterday in New York City and the NHL made its first counter-proposal to the players. As part of the NHL’s proposal, the salary cap for the 2012-2013 season would drop down to $58 million. From TSN’s Darren Dreger:

“The cap for 2012-13 – projected to be $70.2 million under the existing CBA – would be cut to a fixed $58 million under the latest proposal. That number would rise to a fixed $60 million in 2013-14 and then to a fixed $62 million the following year. Projected cap numbers for the final three years of the deal include: $64.2 million in 2015-16, $67.6 million in 2016-17 and $71.1 million in 2017-18.”

Not included the proposal from the NHL is a salary rollback. This is somewhat alarming news for fans of many teams, including the Rangers. The Rangers are currently a bit above the $58M cap hit mark, and while Sather may be able to get under that for this season, there is no way he could keep the core intact next season with a $60M budget; not with Stepan, McDonagh, and Hagelin to re-sign.

Of course, it’s highly doubtful that the players accept the NHL’s proposal as it currently stands and, while we might not have the $70.2M cap hit, there is no chance the players accept it dropping down to $58M. Nonetheless, I think it’s inevitable that the salary cap is lowered at least temporarily. And if that is the case then you have to give Glen Sather credit for not spending to the ceiling. There are a few teams who might end up having to sacrifice some players to get under the new cap and the Rangers don’t look to be one of them.

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