From NHL.com..."The National Hockey League and the National Hockey League Players’ Association announced today that the Team Payroll Range established for the 2008-09 League Year, pursuant to the Collective Bargaining Agreement, provides for a Lower Limit of $40.7 million, an Adjusted Midpoint of $48.7 million and an Upper Limit of $56.7 million."
...that's an increase of over $6 million from last season.
...according to Steve Zipay at Blue Notes the Rangers now appear to have approximately $22 million or $23 million in cap room to extend current players or sign free agents.
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