NHLPA, NHL ANNOUNCE TEAM PAYROLL RANGE FOR 2011-12

NEW YORK/TORONTO (June 23, 2011) - The National Hockey League and the National Hockey League Players’ Association announced today that the Team Payroll Range established for the 2011 League Year, pursuant to the Collective Bargaining Agreement, provides for a Lower Limit of $48.3 million, an Adjusted Midpoint of $56.3 million and an Upper Limit of $64.3 million.