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NHL sets salary cap at $69 million for next season

2013 NHL Stanley Cup Final - Game One

CHICAGO, IL - JUNE 12: NHL Commissioner Gary Bettman answers questions from the media at his press conference prior to Game one of the 2013 Stanley Cup Final at United Center on June 12, 2013 in Chicago, Illinois. (Photo by Gregory Shamus/Getty Images)

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Just hours before the first pick was revealed at the 2014 NHL Entry Draft, the league had an announcement of its own -- the salary cap for 2014-15 will rise to $69 million.

From the NHL:

The National Hockey League and the National Hockey League Players’ Association today announced that the Team Payroll Range established for the 2014-15 League Year, pursuant to the Collective Bargaining Agreement, provides for a Lower Limit of $51 million, an Adjusted Midpoint of $60 million and an Upper Limit of $69 million.

This is a bump from the $64.3 million teams worked under last season, but lower than some expected -- several pundits thought the figure would be at least $70M. Because of that, we could see less fluidity in the trade and free agent markets than expected, which would be a shame as both have been filled with rumors and speculation leading up to the draft.

To get a sense of what the $69M figure does to the NHL’s 10 highest payrolls, check out this (courtesy CapGeek):

CapGeek