I totally missed this one...
http://www.nhlpa.com/Content/Feature.asp?contentId=3721
TORONTO/NEW YORK (June 29, 2007) -- 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.