NHL Announces Increase in Salary Cap to $88 Million for Next Season
SUNRISE, Fla. — Exciting news for NHL fans as the League and the NHL Players’ Association revealed that the NHL salary cap will be rising to $88 million for the upcoming season. This marks a significant increase of $4.5 million from the current cap of $83.5 million.
The jump in the salary cap is the largest seen in recent years, with the cap only increasing by $1 million over the past two seasons. NHL Commissioner Gary Bettman expressed his enthusiasm, stating that the increase provides teams with more flexibility and indicates strong revenue growth in the league.
In light of the financial impact of the COVID-19 pandemic, the salary cap remained stagnant at $81.5 million from 2019-2022. However, with the recent rise to $88 million, it is clear that the NHL is on a trajectory of robust growth.
Bettman also hinted at the possibility of further increases in the future, emphasizing the league’s commitment to ensuring a fair split of hockey-related revenue between players and teams. The collective bargaining agreement sets the lower limit per team for next season at $65 million and the midpoint at $76.5 million.
Overall, the announcement of the increased salary cap has generated optimism and excitement among players, teams, and fans alike. Stay tuned for more updates as the NHL prepares for an exciting season ahead.