The year that keeps on giving for the Canucks looks like it’s going to be giving even a little bit more for the Canucks.
There are reports coming out, specifically from Larry Brooks of the NY Post, that next season’s salary cap might rise.
The current salary cap ceiling for the 2010-2011 NHL season stands at $59.4 million. There’s a measure that needs to be voted upon by the NHLPA that would raise that current cap figure for the 2011-2012 season to $62.2 million, which would be a $2.8 million raise.
The 4.7% bump in salary cap for next season would be a boon for teams at or around the current cap figure like the Philadelphia Flyers, Pittsburgh Penguins, and Canucks.
It’s especially good news for the Flyers and Canucks who are already operating at around the proposed cap figure for next season. According to CapGeek.com, the Canucks salary cap space at the end of the season will be around $62.8 million. As you can see from that figure the Canucks could sure use the salary cap bump next season.
In addition to the salary cap ceiling going up so too would the salary cap floor go up. That means the minimum a team would have to spend on players would go up to about $46.2 million. Charles Wang probably won’t be happy with that news.
While you would think that a measure to raise the salary cap and therefore put more money in the pockets of NHL players would be automatic hold off on that thought for now.
Since the cap won’t naturally rise because revenues didn’t go up if the players vote yes they’ll be conceding one very important thing in future contracts.
If the players vote yes on the salary cap increase then they’ll be giving up their 7.5% bonus that comes in the form of deferred money on entry level contracts and contracts for veteran players over 35 years of age. Losing out on that might give players a bit of a pause before relenting and raising next season’s cap. At the end of the day though players will probably say yes to the higher salary cap because more money equals more money and that’s the bottom line.
Until the salary cap measure is voted on by the NHLPA we and the Canucks won’t have to worry about it.
For now all focus should be put on defeating the Chicago Blackhawks this upcoming Wednesday night!