The decline of the Canadian dollar will indeed have an effect on the NHL salary cap next season, the league's commissioner, Gary Bettman, confirmed at a press conference in Boston on Saturday.
“Our system corrects for fluctuations in the Canadian dollar, because all of our computations are done in U.S. dollars. So if the Canadian comes down, as it has a little bit, then hockey-related revenue will be down and the cap will be down,” he said.
“I’m not talking sizeable amounts of money, maybe a million or two. We’ve said, and these are rough, rough projections because we don’t have enough data yet, the guesstimate was around $71 million. With the Canadian dollar down, maybe it could be 69 or 70, in that range.”
Bettman also addressed the topic of expansion to places like Quebec City, Seattle and Las Vegas.
Sin City broke ground on a new 20,000-seat arena Thursday. Bettman reiterated that the league is not considering expansion at this time.
“I think it’s very nice for the people of Las Vegas and people who go there to visit that there will be an arena,” he said. “Beyond that, we haven’t made any plans. We, as I’ve repeatedly said, have received expressions of interest from people who might want to own a franchise in Las Vegas, as we have from a number of other cities. But, we’re not involved in any expansion process.”