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The coronavirus has cost Taylor Hall and other pending unrestricted free agents money this summer.
Before the pandemic hit, the NHL salary cap was projected to rise to somewhere between $84 million and $88.2 million for next season. Now, with the campaign on pause, the 2020-21 cap ceiling is unlikely to rise above the current $81.5 million.
Despite this, Hall doesn't plan on signing a one-year contract in order to get a bigger long-term payday a year from now, according to Arizona Coyotes head coach Rick Tocchet.
"You're talking about a guy who, before this, was going to make a ton of money," Tocchet said on the "ESPN On Ice" podcast, according to ESPN's Greg Wyshynski. "With this whole pandemic, like he told me, he doesn't want to go through another year trying to play on a one-year contract. He wants to get settled somewhere. So, he's got a lot of different options that he's gotta weigh."
Where Hall chooses to spend the next chapter of his career remains to be seen, but Tocchet believes the Coyotes have a strong chance.
"I'm not saying he is going to sign here, but I definitely think we're a team he's very interested in staying with," Tocchet said.
General manager John Chayka would have to get creative to keep Hall in Arizona. The Coyotes already have $79.9 million committed to their payroll for next season, according to CapFriendly. Multiple players would likely have to be traded in order for the team to afford Hall.
The former Hart Trophy winner was traded from the New Jersey Devils to Arizona in January. He's totaled 52 points in 65 games this season between the two clubs.