PHILADELPHIA - NHL general managers now know how much they can spend next season.
The league and the NHL Players' Association hammered out a salary cap upper limit of $69 million for next season. That's slightly lower than the league's initial estimate of $71.1 million. But in recent weeks, Commissioner Gary Bettman said he thought it would end up being in the high 60s to 70 range.
The salary cap floor will be $51 million.
According to capgeek.com, the lower figure put the Chicago Blackhawks and Philadelphia Flyers over the cap and will create issues for the Boston Bruins, probably making it unlikely that they can bring back Jarome Iginla.
The Blackhawks traded forward Brandon Bollig ($1.25 million cap hit) to the Calgary Flames on Saturday to get under the cap, and the Flyers are looking to trade Vincent Lecavalier ($4.5 million cap hit).
Teams must be at or under the cap number by the start of the season. The free agent signing period opens on Tuesday.
Last season, the salary cap was $64.3 million.
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