Kukla's Korner

Kukla's Korner Hockey

Report- Cap Will Increase $1M For 2022-23 NHL Season

from Frank Seravalli of the Daily Faceoff,

The NHL is projecting a $1 million bump in the salary cap to $82.5 million next offseason ahead of the 2022-23 season, according to sources, which would mark the first rise in the league’s upper-limit since the COVID-19 significantly upended business operations, de-linked the cap from revenue and ballooned a billion-dollar debt load that players are working to pay back to owners.

Until then, the NHL will play a third straight season starting in October with a frozen $81.5 million salary cap, though teams and free agents gained flexibility this summer via the additional money pumped into the system by the Seattle Kraken joining as the league’s 32nd franchise.

A rise to $82.5 million in 2022-23 would likely trigger the start of a “lag formula,” as agreed upon in Collective Bargaining Agreement negotiations between the NHL and NHL Players’ Association in 2020, that could see the salary cap climb $1 million each offseason until the escrow balance owed to owners is paid off.

continued

Filed in: NHL Talk, | KK Hockey | Permalink
 

Comments

TreKronor's avatar

So about 1.2%.  I’m glad my team isn’t up against the Cap these days, it would be frustrating. 

Then again, I wish my team was also a contender…...

Posted by TreKronor on 08/05/21 at 10:06 AM ET

d ca's avatar

They can’t predict $h!t right now…the delta variant could have Canada and other locations on lock-down or limited capacity this fall. And even if true, teams that used old projections to tie up long-term contracts expecting a significant increase are still going to be in trouble.

Posted by d ca on 08/05/21 at 04:21 PM ET

Add a Comment

Please limit embedded image or media size to 575 pixels wide.

Add your own avatar by joining Kukla's Korner, or logging in and uploading one in your member control panel.

Captchas bug you? Join KK or log in and you won't have to bother.

Smileys

Notify me of follow-up comments?

Feed

Most Recent Blog Posts

About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com