NHL salary cap rises to &#36;50.3 million
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The NHL salary cap will rise to $50.3 million per team next season, an increase of $6.3 million from last season, the league and players' union announced Friday.
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Hockey Sidney Crosby has a new contract before his 20th birthday and his eye on the Stanley Cup for the Pittsburgh Penguins. The NHL MVP and scoring champion yesterday signed a five-year extension through the 2012-13 season worth $43.5 million. The deal leaves room for the team to re-sign other young stars, such as Evgeni Malkin and Jordan Staal , ...
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Boston Bruins captain Joe Thornton was awarded a near-record &#36;6.75 million in arbitration Tuesday for the 2004-2005 season.
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The Washington Capitals signed the former Rangers center Michael Nylander to a four-year, $19.5 million contract. Washington has been a last-place team on a low payroll since the lockout ended in 2005. The Capitals vowed to spend more this summer as they attempt to build a playoff team around Alex Ovechkin, who won the Calder Trophy as the leagueâs top rookie in 2006.
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Tennessee coach Phillip Fulmer received a raise that will push his salary to over &#36;2 million per year.
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The NHLPA said on Thursday that its 24 percent salary rollback would produce a $275.5 million profit for teams as opposed to a $568.5 million loss, as stated by the NHL.
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TORONTO (CP) - The NHL Players&#39; Association believes its new proposal has the goods to salvage the NHL season. But the offer won&#39;t connect player costs to league revenues - a salary cap - when the NHL&#39;s leadership sees it for the first time Thursday.
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There would have been plenty to talk about when player representatives met with union leadership yesterday as the National Hockey League lockout reaches its 48th day.
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Goaltender Henrik Lundqvist agreed a six-year $41.25 million contract extension with the Rangers on Thursday that will keep him in New York through the 2013-14 season.
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Yessir, that was one whopper of an offer the players laid at the feet of National Hockey League owners last week in Toronto.
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MONTREAL (CP) - Mike Ribeiro says he does not support a salary cap for NHL players. The Montreal Canadiens centre told the all-sports television station RDS on Thursday that a report this week that said he
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An arbitrator awarded Boston Bruins captain Joe Thornton $6.75 million for 2004-05, increasing his salary from last season&#39;s $5.5 million but not allowing him to break the arbitration record of $7 million.
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The National Hockey League brain trust has long maintained that in order to forge a new collective bargaining agreement with the NHL Players Association, it would need cost certainty -- which means teams' spending for players' salaries must be tied to revenues. In a nutshell, the hard line has been no cap, no hockey season in 2004-05.
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The Edmonton Oilers re-signed winger Joffrey Lupul for a contract worth about $6.9 million over three years.
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Not that the hockey negotiations aren&#39;t going to proceed in utterly good faith, but the NHL owners piled up a $300 million war chest and the players union long ago warned its members to be ready to go 18 months without a paycheck.
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NEW YORK (Sports Network) - In a stunning turn of events,  the NHL Players' Association changed its position and offered a  salary cap late Monday night in one last attempt to save the  2004-05 season.
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DETROIT -- The incentives were on the wall. Literally. Before yesterday's game at Joe Louis Arena against the mighty Detroit Red Wings, the club with the second-best home record in the NHL, the numbers went up on the grease board in the visiting dressing room.