Sources: Cap to increase by $2.6 million

Updated: June 23, 2010, 6:45 PM ET
By Scott Burnside | ESPN.com

The NHL's salary cap will rise for the fifth straight year, jumping $2.6 million to $59.4 million for the 2010-11 season, multiple sources have told ESPN.com.

The cap floor -- the lowest amount a team can spend on payroll -- will now be $43.4 million.

The cap was $56.8 million last season and is determined by hockey-related revenues calculated by the league and the players' association.

Scott Burnside covers the NHL for ESPN.com.