Y'know, I have always wondered what percentage of NHL players are NOT making a million a year on team rosters. I may need to look that up on that salary cap page.
EDIT: Okay, using the Salary Database on USA Today's site, for 2011-12, 273 of the 709 players in the NHL in 2011-12 made less than US$1 million last season. That accounts for 38.5% of all NHL players.
Basically, an average of about nine guys on a typical NHL roster averaging 24 players are making less than a million a year.
The correlation between number of players with sub-million dollar salaries and total payroll is -0.37; it's -0.38 for average salary and -.59 for median salary. That essentially means that the higher the average payroll, the fewer players making less than $1m a year.
Five of the 10 teams with the highest average payroll have the lowest percentage of players making less than a million, while five of the 10 teams with the lowest average payroll have the highest percentage of players under a million each in salaries.
There are three exceptions to this, which make the correlation imperfect: Colorado, Winnipeg and Dallas have three of the 10 lowest percentages of players with sub-million contracts, and yet all have average payroll in the bottom third of the league.