2014-15 salary cap: 69 million - LA Kings Insider

The salary cap for the 2014-15 season will be $69 million, and the salary floor will be $51 million, the NHL announced Friday.

According to CapGeek.com, the Kings are currently $3.66M under the cap. Unrestricted free agents include Willie Mitchell, Colin Fraser, Jeff Schultz and Andrew Campbell, while Dwight King, Linden Vey and Brayden McNabb are among those bound for restricted free agency. It was reported earlier this week that there is “no room” for Mitchell, who is likely bound for free agency on July 1.

The salary cap is based on league revenues, which hit a record high this year, according to Commissioner Gary Bettman. It was expected that next season’s cap would be in the range of 69-71 million after it had dropped to 64.3 million in 2013-14. It is expected to continue to rise in subsequent seasons.

According to CapGeek, Chicago is $479,295 over the salary cap with 22 players under contract in 2014-15, and Philadelphia is $236,429 over the cap with 19 players under contract.