Salary Cap Going Up Five Percent For 2010-11 Season

Teams in need of extra wiggle room under the salary cap are in luck. The National Hockey League will see an increase in the salary cap for the 2010-11 season to $59.4 million, with a salary floor of $43.4 million. That marks a five percent increase from the $56.8 million cap from last season.

Next season will mark the sixth year of the current collective bargaining agreement, which was the result of a yearlong lockout of the 2004-05 season and instituted hard salary and player caps to even the competitive market for player services and overall club profits.

On Tuesday, the NHLPA chose to extend the CBA through 2012. At the same time, they agreed to this cap increase.