NHL agrees to raise salary cap, Blues still making moves - KMOV.com

NHL agrees to raise salary cap, Blues still making moves

ST. LOUIS -- A little more than two weeks after the Los Angeles Kings won their first Stanley Cup, the National Hockey League and National Hockey League Players Association met Thursday and agreed to increase the salary cap to $70.2 million for the 2012-2013 season.

The $70.2 million cap is an increase from the NHL’s salary cap of $64.3 million in 2011-2012.  And in the 2010-2011 season the salary cap was $54.9 million.

According to USAToday.com, the St. Louis Blues total payroll was just more than $49.5 million.  The Blues had the eighth cheapest total payroll in the entire NHL. 

The Blues have had a busy few weeks since the end of the 2012 season.  The St. Louis Blues won a nice amount of hardware at the 2012 NHL Awards ceremony last week.  The Blues goalie tandem of Jaroslav Halak and Brian Elliott won the William M. Jennings trophy which is given to the goaltenders for teams with the fewest goals against.  Head Coach Ken Hitchcock won the Jack Adams Award which is given to the NHL Coach of the Year.  Additionally, Blues General Manager Doug Armstrong won the title of “GM of the Year” for the NHL.

The Blues selected eight players in the 2012 draft, extended Coach Ken Hitchcock’s contract through the 2013-2014 season.  The Blues have also re-signed defenseman Barret Jackman to a 3-year deal, re-signed defenseman Scott Nichol to a 1-year deal and re-signed forward Chris Stewart to a 1-year deal.

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