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06-23-2010, 07:08 AM
  #99
RangerBoy
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Quote:
The NHL Players' Association voted yesterday to trigger the 5-percent salary cap escalator for next season while also voting to extend the collective bargaining agreement through the 2011-12 season, The Post has learned.

The votes were cast by the union's 30 player reps in the second day of the Players' Association's meeting in Chicago. The cap, which was $56.8 million last season, is expected to increase by approximately $2 million for 2010-11.

By exercising the union's unilateral option to extend the labor agreement, the upcoming season's cap will also allow for a 7.5-percent bonus cushion to be added to the cap to cover bonus payments on Entry Level and over-35 contracts.--Larry Brooks
Read more: http://www.nypost.com/p/sports/devil...#ixzz0rfoJ53jr

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