By Ars Technic staffThe NHL’s salary cap will soon be up for auction.
The league announced on Thursday that it will soon have a limit on the number of contracts players can have.
The cap will be set at $1.9 million per team, with each team capped at $7.5 million per player.
This means the salary cap in 2017-18 will be $68.5m, with a cap of $74.5mm.
That number is expected to be in the ballpark of $90m or more, which is a very high number for a league that was founded by the owners of the New York Rangers.
The only teams with caps under $100m are the Chicago Blackhawks, Boston Bruins, Nashville Predators, Washington Capitals, and Philadelphia Flyers.
The Caps are currently in the middle of a rebuild.
They signed a trio of free agents to add depth at the NHL level, including the likes of Mikhail Grabovski, Ondrej Kase, and Vladislav Namestnikov, but they are still in the market for a new center and defenseman.
The team’s next head coach is currently searching for his next head coaching position, but general manager Brian MacLellan said that he is looking for the best available coach.
“We’re really looking for someone that can help us win right now, and somebody who’s going to take us to the next level,” MacLan told reporters on Thursday.
He also said that there is no shortage of options available to MacLans job.
“It’s a great time to be here.
We’re in a great spot to go win championships,” Maclans coach said.
There are three candidates that have been linked to the job, but the most likely candidate to land the job is the Washington Capitals’ Adam Oates, who is the head coach of the AHL’s Hershey Bears.
Oates spent two seasons with the Capitals and helped lead the team to the Stanley Cup Final in 2014-15.
MacLancas recent contract extension with the team includes a signing bonus of $3.2 million, which includes $1,500,000 of that amount in the salary tax.
However, the team has already paid Oates $2.2m of his $5.5million salary.
The Capitals have been on a salary cap spree, spending nearly $100 million in 2016-17.
They are expected to spend nearly $200m in 2017.
This year, the Capitals are projected to spend $207m, which would make them the second-highest spending team in the league.
In 2017-2018, the Caps have the second highest payroll in the NHL at $67.6m.