The NHL sent the NHLPA a new economic proposal yesterday in the course of CBA negotiations. In it, they suggested a $58M salary cap this year for a bit more than 51% of league revenues.
The issue is teams have been planning and signing players on the basis of a projected 2012-13 cap of $70M+.
So who are the 16 teams in trouble and by how much if the $58M salary cap goes into affect?
Teams In A Quandry
In order from most money issues to closest to, but above,
the $58M numbers (all figures do not include bonuses and their potential impact):
What will be key without some kind of ‘Grandfather Tax’ is who GM’s cut in order to right-size. This is where GM’s are going to earn their money this summer.
Later, we will discuss potential cuts to get down to a new cap ceiling.