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LATEST | NHL makes an announcement regarding next season's salary cap

Published June 21, 2023 at 11:05
BY COOPER GODIN

With free agency just over a week away, we now know much the National Hockey League's salary cap will be going up by for the 2023-24 season.

According to TSN's Chris Johnston, the salary cap ceiling will be set at $83.5 million USD, which is a $1 million increase from last season's cap.

"With NHL free agency on the horizon, it's believed the 2023-24 salary cap ceiling will be set at $83.5M -- an indication the NHL and NHLPA won't negotiate a higher increase than the $1M called for in their MOU." Johnston said.

This news won't sit well with many general managers around the National Hockey League who were hoping for a bigger increase, especially with free agency right around the corner. The salary cap has only gone up by $2 million since the 2020-21 season and that's large in part due to COVID-19 limiting the league's revenue.


Once the players finish their escrow payments to the league, which is expected to come towards the end of the 2023-24 season, then we could see a significant jump in the salary cap, potentially as high as $4-5 million USD.

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June 21   |   457 answers
LATEST | NHL makes an announcement regarding next season's salary cap

How much should the cap go up by for the 2024-25 season?

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$5 million+24453.4 %
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