Las Vegas, NV (SportsNetwork.com) – The NHL and the NHLPA announced on Tuesday that the salary cap for the 2015-16 season will be $71.4 million, with an adjusted midpoint of $62.1 million and a lower limit of $52.8 million.
The new number is an increase over the $69 million cap for the 2014-15 season.
This summer’s free agent period begins July 1.
The NHL’s general managers and Board of Governors are meeting Tuesday and Wednesday in Las Vegas, site of the awards program scheduled for Wednesday. Generally, this meeting takes place during the Stanley Cup Final, in one of the participating cities.