The two-day meeting, which begins today, will also hear that the NHL is likely to hold the line on the salary cap next year, which for the first time since the 2004 lockout season, is not likely to increase in 2009-10.
To put that into perspective, the salary floor for 2008-09 is higher than the maximum cap amount in 2005-06, the first full season after the lockout.
It's expected the cap, which factors in league revenue, will settle somewhere between $54-million (all currency U.S.) and the current $56.7-million next season and may well shrink substantially in 2010-11, the final year of the current collective labour agreement.
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globesports.com: Financial update tops governors' agenda
This is what I have been telling people for over a year now. There were plenty of people, especially at TBN, that were critical of the Sabres handling of past free agents but the Sabres will be sitting pretty while other free spending teams will find themselves over the salary cap. Stay tuned to this story because there is much more to come in the next two years.
