NHL salary cap set to increase in 2022-2023
The mix of a new deal with American television and the Seattle Kraken joining the league could result in an increase in the NHL salary cap for the first time since 2019.
According to Daily Faceoff’s Frank Seravalli, the league has forecast a $ 1 million cap hike for the 2022-23 season. If that becomes a reality, it would be the first increase since the upper limit went from $ 79.5 million in 2018-19 to $ 81.5 million for 2019-20.
Due to the impact of the COVID-19 pandemic on hockey-related income (HRR), the ceiling cap remained at $ 81.5 million for the first two seasons and will remain so for 2021-2022. It has also led NHL players to owe owners around $ 1 billion in escrow, meaning the tightening of the cap is expected to continue for a few more years.
An increase to $ 82.5 million in 2022-2023 would likely trigger the start of a ‘lag formula’, as agreed during collective agreement negotiations between the NHL and the NHL Players Association in 2020, which could see the salary cap increase by $ 1 million each. off-season until escrow balance owed to owners is paid.
Provided that revenues rebound strongly in 2022-2023, from $ 5.4 billion and increase reasonably year over year from there, NHL players can hope to pay off their debt with a billion dollars in the 2025-2026 season. For this reason, the collective agreement is likely to extend automatically until 2026-2027, which would also mark the first season where players and teams could reasonably expect to achieve a significant increase in the salary cap, with the cap being linked to real income. screenings again for the first time since 2019-2020.
The NHL and NHLPA agreed to a new collective agreement during the 2025-2026 season last summer before finalizing the return-to-play plan.
While a million dollar increase isn’t monumental, the inclusion of several outdoor games, the return of the All-Star Game, and the potential for more arenas to once again host Full crowds next season could help ease such a tightening of the cap over time. on.
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NHL salary cap set to increase in 2022-2023 initially appeared on NBCSports.com