NHL Salary Cap Tops $56.7 Million

June 26, 2008 1:23:45 PM PDT
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.

In 2006-07, the salary cap was $44 million. Last year, it was $50.3 million.