Huge blow to next season’s salary cap amidst coronavirus hiatus!
Teams will have to crush numbers…
HockeyFeed
On Thursday, commissioner Gary Bettman made it official as he announced that the 2019-20 season has been suspended indefinitely due to the COVID-19 pandemic.
We bet he was dreading this, as this pause will cost a lot of money to the league along with ticket sales, concessions, merchandise, in-arena board advertisements for each team.
And so, it is easy to imagine that the salary cap will be affected. Bettman’s projection of an upper limit for the 2020-21 salary cap had been between $84 million and $88.2 million, but we can all forget about that now.
This year’s upper limit ($81.5 million) might be next year’s as well as we can only expect that global economics will take a hit. Just a few days into this pandemic and the Canadian dollar has already sagged.