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Flames Receive Cap Penalty

The Flames are a little lighter in the wallet after receiving a cap penalty from the NHL.

2016 NHL Draft - Rounds 2-7 Photo by Bruce Bennett/Getty Images

The Calgary Flames took a financial hit today from the NHL according to Cap Friendly:

The NHL Salary Cap for the 2016-17 season is $73,000,000. The Flames currently sit at $66,420,500 with total cap hits of $64,405,399. This leaves the Flames with a little over $8 million in free space and they still need to ink Johnny Gaudreau. The carry over penalty is from bonuses dealt out to players from last season.