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NHL Salary Cap Set At $70.2 Million For 2012-13, According To Report

It's quite amazing to look at how much the NHL salary cap has risen in years past. Following the NHL lockout, the salary cap was a measly $39 million for the 2005-06 season. It has gone up every year since then, and it has especially taken off in the last couple years. For the 2011-12 season, the cap was set at $64.3 million, and now, for the 2012-13 season, it has been increased to a whopping $70.2 million, according to a report.

It's very possible the salary cap will drop for 2013-14 given the expiration of the CBA and the labor talks that will take place this summer, but teams will have a lot of money to spend this offseason. The Detroit Red Wings are among the teams with lots of room to work with, as they have a total of $24,032,955 in cap space, according to CapGeek.com. They didn't use all of their cap space last season, but with a need to make some splashes this year, chances are they will not be hesitant to spend some serious money.

For more on the Red Wings, head over to Winging It In Motown. For more NHL coverage, be sure to visit SB Nation's NHL hub.