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.
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.
The Carolina Hurricanes are set for an interesting off-season with some notable free agents, but can the club remain a true contender heading into 2022-23?
The 1972 Memorial Cup was the first of its kind - a forerunner of the modern tournament. Its underdog champion would shock the world, and a decade later, fate would bring several of its combatants back for a fight for the Stanley Cup.
The Tampa Bay Lightning have traded defenseman Ryan McDonagh to the Nashville Predators in exchange for defenseman Philippe Myers and forward Grant Mismash.
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