<Li> Players can only sign a contract for up to seven years . If they re-sign with their current team, the maximum length is eight years which can result in possible sign - and - trade deals . </Li> <P> Since the NHL salary cap was reintroduced following the ratification of the current collective bargaining agreement, it has risen every year since being instituted . The salary floor is set at 85% of the salary midpoint . The cap floor for the 2017--2018 season, is set at US $55.4 million . </P> <Table> <Tr> <Td> </Td> </Tr> </Table>

What is an entry-level contract in the nhl