NHL Free Agency Frenzy

Last week, there was a frenzy of activity, as the July 1 activation date for NHL free agency came into effect, and the spending by ownership has been outrageous.

Arguably, a rather mediocre group of free agents have attracted huge contracts from the league's richer teams, pretty much eliminating the initial effects of the NHL Players' lock out by the owners that saw the 2004-2005 season scrapped.

Each team will have a maximum of US$56.7 million to spend for the 2008-09 season. It's up $6.4 million from last season.

The floor also rose $6.4 million to $40.7 million, the minimum each of the 30 teams must spend on player salaries.

Check out the list of Summer 2008 Free agent signings at TSN.ca