Report: Cap going higher

According to thehockeynews.com (http://www.thehockeynews.com/articles/) the cap for the 2008-2009 season will exceed $53-million.

The report is originally from the Toronto Star.

Wasn’t this the reason we had a lockout…because teams were spending $50+ million on player payroll? Now each team can spend UP to that amount? Did we lose a season for nothing? Comments, theories, funny jokes?