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		<title>Salary cap going up to $50.3 million</title>
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		<pubDate>Fri, 29 Jun 2007 20:42:06 +0000</pubDate>
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		<description><![CDATA[In a news release today out of New York and Toronto: "The National Hockey League Players’ Association and the National Hockey League announced today that the Team Payroll Range established for the 2007-08 League Year, pursuant to the Collective Ba]]></description>
				<content:encoded><![CDATA[<p>In a news release today out of New York and Toronto: &#8220;The National Hockey League Players’ Association and the National Hockey League announced today that the Team Payroll Range established for the 2007-08 League Year, pursuant to the Collective Bargaining Agreement, provides for a Lower Limit of $34.3 million, an Adjusted Midpoint of $42.3 million and an Upper Limit of $50.3 million.&#8221;</p>
<p>That&#8217;s a $6-million increase over the $44-million cap for the 2006-07 campaign. The cap has gone up more than $11 million from the $39-million limit imposed after the season-long lockout. </p>
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