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June 26th, 2008, 03:40 PM
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Join Date: 12-05-2004
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Salary cap rises to $56.7M for 2008-09 (AP)
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.
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