Last December, NHL commissioner Gary Bettman informed the league's Board of Governors the salary-cap maximum for 2014-15 was projected to rise to $71.1 million, with the cap minimum expected to be around $52 million. At the time, the value of the Canadian dollar compared to the American dollar was at .94 cents. Three months later, it slid to .90 cents. Though Canada has only seven NHL teams, they make up a significant portion of league revenue. As the salary cap is tied to revenue, a notable and sustained decline in the Canadian dollar would affect the cap.
On March 1, the Pittsburgh Tribune-Review's Rob Rossi reported Bettman claimed the decline in the Canadian dollar wouldn't impact his original cap projection. He noted the computation of hockey-related revenue (HRR) and revenue sharing are in American dollars, which would account for Canadian dollar fluctuations.
Several days later, the Los Angeles Times' Helene Elliott reported Kings general manager Dean Lombardi claimed the league informed him the recent decline in the Canadian dollar meant the salary cap will be “significantly lower” than projected, perhaps dropping to $68 million. The New York Post's Larry Brooks reported sources confirm next season's cap could come in between $68-$71 million.
Earlier this season, we examined the effects for each NHL team next season with a cap ceiling at $71 million. Here's a look at the effect of a $68 million salary cap upon each club for next season.
Current cap space projections as of March 11, 2014 courtesy of CapGeek.com.