Sunday, June 26, 2011
GM Joe: Stars' budget to exceed cap floor
By Mark Stepneski
Stars GM Joe Nieuwendyk was on Channel 5's Out of Bounds with Newy Scruggs and talked about free agency and the team's budget, which he indicated would be higher than the $48 million salary cap floor.
Here's what he had to say on free agents:
"I think we're in good shape," Nieuwendyk said. "Obviously we're not going to be able to sign Brad Richards, so along with his dollars and the budget we've been given by the National Hockey League, we're in a position where we can spend some money this time around. I am looking forward to it. We'll be busy all this week and come July 1 we'll be active pursuing free agents."
On the budget, he didn't give a specific number, but had this to say:
"Going into free agency we've been given a budget which exceeds what we were able to spend last year and goes above the floor the league sets on their pay structure," Nieuwendyk said. "We're excited. We have an opportunity to go out and get good players to help our hockey club."
The Stars spent between $46 million-$47 million last season. Right now, the Stars have about $38 million committed to the NHL roster with about six or seven roster spots open.