Report: Salary cap to increase by almost $10 million over next three seasons
The 2022-23 season was the first time since 2019 that the NHL saw an increase in the salary cap, as the COVID-19 pandemic created revenue issues for the league and caused the salary cap to sit at $81.5 million from 2019 to 2022. The cap increased by $1 million to $82.5 million for 2022-23.
According to an article by Elliotte Friedman, the salary cap is projected to increase to $83.5 million in 2023-24, $87.5-88 million in 2024-25, and finish at somewhere around $92 million in 2025-26. The only team that would currently find themselves over that $92 million cap without long-term injured reserve right now are the Vegas Golden Knights, although they currently have Shea Weber and Robin Lehner on LTIR, which will bring them under the current salary cap.
It’s big news for NHL teams, as not only will they finally get some breathing room after three straight seasons, but many of them also signed plenty of big extensions to star players in the offseason. Some of the biggest deals include St.