NHL salary cap to be increased from next season

After the meeting of the NHL management in the New York hotel “Hilton Midtown” it became clear that revenues are on the rise, the NHL’s cap space is stable, and the salary cap will max out at $90 million starting next season.

“The state of the league is very stable,” its commissioner Gary Bettman told reporters. “Our sport is in great shape, our clubs are well run and we are excited about the start of the 2023/24 season in a matter of days,” Bettman added.

The team owners included Michael Andlauer, who bought a majority stake in the Ottawa Senators, and Bill Haslam, the former governor of Tennessee, who is expected to finalize a deal to acquire the Nashville Predators.

During the meeting, Bettman said that the players will be able to repay by the end of the upcoming season the loan of 1.5 billion dollars, which was granted to them during the pandemic season 2019/20. He revealed that the remaining amount of the debt was only $50 million.

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NHL salary cap could increase by $4.5 million next seasonhttps://t.co/4ZjVcGZopi

— NHL.com (@NHLdotcom) October 5, 2023

“We believe that this loan will be repaid 100 percent during the course of the season. This will allow us to raise the salary cap to 87, even 88 million dollars,” the head of the NHL also said. Clubs currently spend $83.5 million on wages.