NHL sets 2016-17 salary cap at $73M
Justin K. Aller / Getty Images Sport / Getty
The salary cap for the 2016-17 NHL season has been set at $73 million, with a floor of $54 million, the league and NHLPA announced on Tuesday.
The new cap marks an increase of $1.6 million (2.2 percent) from last season, and comes from the NHLPA's vote to use its five-percent growth factor.
The floundering Canadian dollar impacted league revenue this season, and with expansion on the horizon, revenue should continue to grow.
Since the cap was implemented in 2005-06, it has increased in all but one season.
| Season | Salary Cap |
|---|---|
| 2005-06 | $39 million |
| 2006-07 | $44 million |
| 2007-08 | $50.3 million |
| 2008-09 | $56.7 million |
| 2009-10 | $56.8 million |
| 2010-11 | $59.4 million |
| 2011-12 | $64.3 million |
| 2012-13 | $60 million |
| 2013-14 | $64.3 million |
| 2014-15 | $69 million |
| 2015-16 | $71.4 million |
| 2016-17 | $73 million |