<blockquote class="ipsBlockquote" data-author="roshinaya" data-cid="231943" data-time="1402348591">
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It's tied to league revenue, always been like that since the salary cap was instituted. It's in the CBA and has some fancy formula to calculate the cap for every season. The owners and the NHLPA signed off on the CBA, so they are bound by it so they can't do any funny business.</p>
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...like keeping parking revenues under the United Center instead of the Blackhawks, selling blocks of tickets on the secondary market where the profit doesn't count as hockey-related revenue, pay back "loans" to yourself so your books show the team in the red despite selling out 200+ times in a row and having sweet TV and radio deals...</p>