LATEST | NHL makes an announcement regarding next season's salary cap
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.
| POLL | ||
How much should the cap go up by for the 2024-25 season? | ||
| $3 million | 80 | 17.5 % |
| $4 million | 108 | 23.6 % |
| $5 million+ | 244 | 53.4 % |
| See Results | 25 | 5.5 % |
| List of polls | ||
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