Various reports emerged from the recent NHL Board of Governors meeting which indicated the salary cap for the 2011-12 season could rise by between $2-$3 million.
It's believed the main reason for the potential increase is the strength of the Canadian dollar and the popularity of the six Canadian franchises.
The cap increase depends upon the NHL Players Association invoking a five percent inflator which is their right under the current collective bargaining agreement.
Currently the salary cap is at $59.4 million with the cap minimum at $43.4 million. An increase of $2 million would set the ceiling for next season at $61.4 million and the cap "floor" at $45.4 million. At $3 million, $62.4 million and $46.4 million.
While that's potentially good news for free-spending clubs which have kept pace with the steadily increasing ceiling since the implementation of the cap in 2005-06 it's bad news for money-losing franchises which have kept payrolls as close to the cap floor as possible.
Check out CapGeek.com for the listing of each team's current payroll to get an idea of which teams will benefit and which teams won't.
The final number for the increase will be determined by mid-late June 2011.