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Salary cap rises $6.4 million to $56.7 million for next season

Updated: June 26, 2008, 4:24 PM ET
Associated Press

NEW YORK -- The NHL's salary cap is on the rise again.

The league and the NHL Players' Association announced Thursday that each team will have a maximum of $56.7 million to spend for the 2008-09 season -- up $6.4 million from last season.

The minimum salary was set at $40.7 million for each of the 30 teams. The most money a player can earn in a new contract next season is $11.34 million a year.

In 2006-07, the salary cap was $44 million. Last year, it was $50.3 million.



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