2007-08 Payroll Range Announced

This just in:

The National Hockey League Players' Association and the National Hockey League announced today that the Team Payroll Range established for the 2007-08 League Year, pursuant to the Collective Bargaining Agreement, provides for a Lower Limit of $34.3 million, an Adjusted Midpoint of $42.3 million and an Upper Limit of $50.3 million.

That's a $6 million increase over last year's ceiling, for those of you keeping track at home.