PEBBLE BEACH, CALIF. - There were a lot of smiles around the meeting table here as NHL owners gathered and it had nothing to do with the sun-splashed golf course and sparkling Pacific Ocean outside the windows.
The owners are here for an update on the league’s business and where the NHL juggernaut is going from here. Considering a year ago the NHL was dark and in the midst of its second bitter lockout in eight years, the news the owners heard Monday was spectacular.
NHL governors were told the salary cap will likely get a generous bump of about 11.9% to around $71 million for next season from the current cap of $64.3 million as the league’s coffers are boosted by increased revenues, including the profits from six outdoor games on the NHL schedule this season.
League revenues are expected to hit a record $3.6 billion this season.
The owners also ratified the staggering 12-year, $5.2 billion Canadian television and multi-media rights deal with Rogers Communications which kicks in next season.