NHL sets 2017-18 salary cap at $75M

The salary cap will be set at $75 million next season, the NHL and NHLPA announced Sunday.

It's an increase of $2 million from last season's cap, which was set at $73 million. The cap floor next season has been set at $55.4 million.

The NHL introduced the salary cap in the 2005-06 season, when it was set at $39 million.