The St. Louis Blues didn’t break the bank to keep Colton Parayko for five more years, and that’s important since they don’t believe the NHL’s salary cap will rise significantly in the next little while.

Parayko’s cap hit came in at a manageable $5.5 million, as the two sides narrowly avoided an arbitration hearing that was scheduled for today.

“You like to have as much wiggle room as possible,” GM Doug Armstrong said, per the St. Louis Post-Dispatch. “Now we view the cap will stay flat for the foreseeable future. We’re content with the space we have. We’ll move forward and get ready for training camp.”

The Blues now have a number of key players locked up long term, including Parayko, Alex Pietrangelo, Vladimir Tarasenko, Alex Steen, Jaden Schwartz, Patrik Berglund, and Jake Allen.