Hockey NHLPA, NHL Announce Team Payroll Range For 2015-16 Free Agent signings can not start until July 1 by Staff Post June 24, 2015 The National Hockey League and the National Hockey League Players’ Association today announced that the Team Payroll Range established for the 2015-16 League Year, pursuant to the Collective Bargaining Agreement, provides for a Lower Limit of $52.8 million, an Adjusted Midpoint of $62.1 million and an Upper Limit of $71.4 million. What that means in normal speak is: there will be a floor of $52.8 million. That means that every NHL team needs to spend at least that much this year on salaries. The ceiling this season, will be $71.4 million, which means that every team in the NHL must stay under that mark. The ceiling is higher than anyone expected for the 2015-16 season, so that means that teams will be able to spend a little bit more to re-sign UFA’s and RFA’s. Trades will also be even bigger before the Draft this Friday in Florida. Free Agent signings can not start until July 1st, but teams can engage in talks with potential FA’s before this time. UFA= Unrestricted Free Agent RFA= Restricted Free Agent First the Trades, then the Draft and next week, FREE AGENT FRENZY!!!!! LET THE GAMES BEGIN!!!!!! Post Views: 950 The following two tabs change content below.BioLatest Posts Staff Post Latest posts by Staff Post (see all) In The Zone Announces Initial Podcast Lineup - November 13, 2020 The Essential Resources You Need to Start Your Own Gym in 2020 - February 6, 2020 Wilder vs Fury II – How the second fight will be different to the first? - February 5, 2020 Early turnovers, defensive struggles plague the Scarlet Knights - January 26, 2020 Related TopicsNHLNHLPA Click to comment You must be logged in to post a comment Login Leave a Reply Cancel replyYou must be logged in to post a comment. Newsletter Subscription Can't Miss Posts! Women in Sports: NHL Network Host, Jackie Redmond by Nicholas Durst | posted on March 4, 2019 Lochte, Dressel and Ledecky all Chasing Gold at 2021 Tokyo Olympics by Anthony Paradiso | posted on April 18, 2021 You Know I’m Right, Episode 109: The Athletic’s Marc Carig (Audio/Video) by Nicholas Durst | posted on April 19, 2021 You Know I’m Right, Episode 112: New York Jets’ Insider Brian Costello (Audio/Video) by Nicholas Durst | posted on April 27, 2021 You Know I’m Right, Episode 106: Newsday’s Neil Best (Audio/Video) by Nicholas Durst | posted on April 12, 2021 More in Hockey Tim Peel is Discharged After Caught on Hot Mic Tim Peel was Discharged from the NHL After He was Caught on the Hot... NHL, Amazon Web Services Partner to Develop New Stats, Data, and Insights The National Hockey League (NHL) is partnering with Amazon Web Services (AWS) in an... You Know I’m Right, Episode 81: ESPN’s Arda Ocal (Audio/Video) On the 81st episode of You Know I’m Right, Nick Durst and Joe Calabrese are joined by... You Know I’m Right, Episode 80: MSG Network’s Bill Pidto (Audio/Video) On the 80th episode of You Know I’m Right, Nick Durst and Joe Calabrese are joined by... NHL Descends on Las Vegas for 2015 NHL Awards The 2015 NHL Awards Show Winners