If I only knew that the cap was going up, I may have held onto Ryan Smyth.- Kevin Lowe, July 2007
Don't make the same mistake with Pitkanen, Kevin.
WASHINGTON BIZ JOURNAL
NHL executives project league revenue will jump 10 to 11 percent to $2.53 billion during the 2007-08 season, according to a presentation to the hockey organization's board of governors Nov. 29.
The league's revenue increased more than 6 percent in the 2006-07 season to $2.3 billion.
The league anticipated a more conservative increase of 7-plus percent this year based on a hike in average ticket prices, attendance and sponsorship sales. But the strength of the Canadian dollar pushed the projection an additional 3 percent to the $2.53 billion figure.
According to Irish Blues, a well recognized moderator on HF, he expects based on those numbers, a cap of 54.75M, up from the 50.3M currently.