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Reduction In NHL Salary Cap Lets Fewer Teams Take Action During Free Agency
Published July 22, 2013
DALY NOT SURPRISED BY SPENDING: SPORTSBUSINESS JOURNAL's Liz Mullen notes NHL Deputy Commissioner Bill Daly indicated that he "was not surprised by the level of spending so far in free agency and did not think a lull of signings last week was unusual." Daly in an e-mail wrote, "Market always slows considerably after the first few days. I haven't noticed any difference with this year's activity." Sportsnet's Brian Lawton, a former NHL agent and GM, said that the market "seemed much the same as it has been for years in the first few days, but the slowdown is different, which he attributes to teams' lack of cap space." Octagon Hockey Dir Allan Walsh said, "We had an initial frenzy of signings on the first day, like we have seen in years past, but the market calmed down much faster than in previous years. Several GMs told me on the second or third day of free agency that they would not be filling out their rosters until August." Mullen notes others said that it was "too early to make any meaningful judgement about the marketplace." NHLPA Exec Dir Donald Fehr said, "You may be able to make some assessment down the road, but not this early" (SPORTSBUSINESS JOURNAL, 7/22 issue).