According to a report from TSN’s Bob McKenzie, the NHL salary cap could increase by as much as $5 million for next season. That would push the cap ceiling to $64 million, with the floor reportedly rising to $48 million. Reports in late May had the salary cap pegged to go up by about $4 million for the 2011-12 season, so they weren’t all that far off.

The extra space could go a long way in helping teams like Philadelphia Flyers, Chicago Blackhawks, Pittsburgh Penguins, and Calgary Flames, who are already pressed up against the current $59.4 million cap. If these reports prove accurate, we could see a number of small market teams scrambling to meet the new cap floor.

The salary cap has risen every season since its inception prior to the 2005-06 season when it was set at $39 million.