Salary cap for NHL teams next season will be US$50.3 million

The league and NHL Players’ Association announced Friday that teams will be able to spend up to US$50.3 million on players next season.

This year’s cap was set at $44 million.

The minimum teams will be forced to spend in 2007-08 is $34.3 million.

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When the league and union returned from the lockout for the 2005-06 season, the first NHL salary cap was $39 million. Less than two years later, it has already grown by almost 29 per cent.