NHL Proposes $58M Salary Cap

The NHL and NHLPA held multiple extensive meetings yesterday in New York City and the NHL made its first counter-proposal to the players. As part of the NHL's proposal, the salary cap for the 2012-2013 season would drop down to $58 million. From TSN's Darren Dreger: "The cap for 2012-13 - projected to be $70.2 million under the existing CBA - would be cut to a fixed $58 million under the latest proposal. That number would rise to a fixed $60 million in 2013-14 and then to a fixed $62 million the following year. Projected cap numbers for the final three years of the deal include: $64.2 million in 2015-16, $67.6 million in 2016-17 and $71.1 million in 2017-18." Not included the proposal from the NHL is a salary rollback. This is somewhat alarming news for fans of many teams, including the Rangers. The Rangers are currently a bit above the $58M cap hit mark, and while Sather may be able to get under that for this season, there is no way he could keep the core inta...