Thread: Salary Cap: $64.3M Upper Limit for '11-'12
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04-06-2011, 05:57 AM
  #271
RangerBoy
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Pierre LeBrun discussed the impact of the Canadian dollar on the NHL's bottom line. He discussed it in relation to a new Winnipeg Jets franchise but you can look at it in relation to the salary cap. 25%-30% of the NHL revenue comes from the 6 Canadian teams. Higher CDN=higher upper limit.

Quote:
My take: Excellent points. It's a nervy time in the NHL on the ownership front with the St. Louis Blues and Dallas Stars also for sale, as well as half the New Jersey Devils. But to your point about Winnipeg, I think what makes that market suddenly more attractive is the robust Canadian dollar. At the close of markets Monday, one Canadian dollar bought you $1.0341 U.S. That's insane. Given that players are paid in U.S. dollars, Canadian NHL teams are loving this right now, and the six Canadian NHL teams were already the biggest revenue generators in the league before the dollar took off. Given that economic experts predict the Canadian dollar to remain strong for quite a while, Winnipeg makes more sense than ever.
http://espn.go.com/blog/nhl/post/_/i...-bright-future

1.0375 cents yesterday

http://www.bankofcanada.ca/en/rates/exchange.html

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