Wings will have about $16 million to spend this summer

June 29, 2007

I just got the 2007-2008 NHL salary cap number: The ceiling is $50.3 million, which is good news for high-rollers like the Red Wings.

As of today the Wings have just about $33 million spoken for, between contracts and bonuses that were pushed over from last season’s payroll (from the contracts of Chris Chelios and Dominik Hasek).

General manager Ken Holland wants to leave at least $1 million as an emergency fund, so that leaves around $16.3 million free. Maybe around $2.5 million of that is going to go towards re-signing Dominik Hasek, something the Wings are trying to get done before Sunday’s start of free agency. That leaves nearly $14 million to attempt to re-sign Mathieu Schneider, Danny Markov and Todd Bertuzzi, with Schneider and Bertuzzi as the priorities.

If deals can’t be reached with those two, the Wings will look elsewhere for a top-four defenseman and a top-six forward.

The cap has increased heftily in the two years since it was imposed, going from $39 million in its first season, 2005-2006, to $44 million last season, and now it’s already topping $50 million.

Copyright © 2007 Detroit Free Press Inc.