From the NHLPA — The National Hockey League and the National Hockey League Players’ Association today announced that the Team Payroll Range established for the 2015-16 League Year, pursuant to the Collective Bargaining Agreement, provides for a Lower Limit of $52.8 million, an Adjusted Midpoint of $62.1 million and an Upper Limit of $71.4 million —
The players used the full 5% escalator pushing the cap to $71.4 million. The Penguins have just over $13 million in cap space.