Report: NHL salary cap might not increase

The NHL's salary cap rising to an estimated $73 million could be tied to the strength of the Canadian dollar. (Chris Young/CP)

The salary cap for the 2015-16 NHL season might not increase, with the projected decline of the Canadian dollar playing a large part in that possibility, reports Larry Brooks of the New York Post.

Citing front office sources, Brooks said a struggling Canadian dollar has affected at least three contract-extension negotiations, as general managers anticipate no change in next year’s salary cap.

“Further anecdotal evidence suggests these are not isolated instances,” Brooks wrote in his Slap Shots column, published Saturday night. “Given the fixation of escrow under which the players currently are having 14 percent of their pay withheld, it certainly is a realistic possibility the NHLPA will not exercise a 5-percent escalator for 2015-16.”

Yahoo! Sports hockey writer and Puck Daddy Editor Greg Wyshynski pointed out that the possibility of an unmoved salary cap flies in the face of some reports from last summer that suggested the cap could rise by $12 million next season.

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