Thread: Speculation: Brad Richards News Part II
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05-11-2011, 10:16 AM
  #65
RangerBoy
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The Upper Limit has increased because the Canadian dollar has gone up. It closed yesterday above $1.04. The Canadian teams are cash cows. The NHLPA keeps exercising their 5% escalator which is applied to the midpoint and then add $8M. That is the upper limit. The cap would have gone down in the summer of 09 without the 5%. It increased by $100,000. It would have been flat to a modest increase this season without the 5%.

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