WASHINGTON (AP) — President Donald Trump promised tax cuts Friday “which will be the biggest in the history of our country” following Senate passage of a $4 trillion budget that lays the groundwork for Republicans’ promised tax legislation. Republicans hope to push the first tax overhaul in three decades through Congress by year’s end, an […]
NHL salary cap set at $75 million for 2017-18 season
NEW YORK (AP) — The NHL salary cap has been set at $75 million for this season in a slight increase over last year.
The league and NHL Players’ Association announced the cap and the salary floor of $55.4 million in a joint statement Sunday. The figures are set by the league’s hockey-related revenue.
It’s an increase of $2 million from the $73 million cap last season, as players elected to use their escalator clause to raise it.
Even a slight increase can help several teams that are up against the cap, like the Chicago Blackhawks and Presidents’ Trophy winning Washington Capitals. For budget teams, the floor increased just $1.4 million from $54 million.
The expansion Vegas Golden Knights must spend at least to the salary floor in their first season.
For more AP NHL coverage: https://apnews.com/tag/NHLhockey
- Senate GOP backs budget, clears way for tax overhaul
Oct 20, 2017
- Trump nails Obamacare with decision to cut off billions in subsidies
Oct 13, 2017
- Russia probe special counsel interviews ex-Trump chief of staff Priebus
Oct 13, 2017
- NFL to tackle protests as Trump decries ‘disrespectful’ players
Oct 16, 2017
- Senate health care deal in doubt as Trump says he’s opposed
Oct 18, 2017
Editorial CartoonsView More »
Tue, Oct 10, 2017