NHL Commissioner Gary Bettman gave an indication of how the salary cap would increase for the 2023-24 season.
While rumours earlier in the season were that the cap could increase by as much as $4-million, it will only actually increase by $1-million.
Gary Bettman says #NHL is now projecting a $70m remaining escrow balance at the end of the season, which would result in the salary cap rising just $1 million this summer to $83.5 million.
Not willing to say now whether a negotiation with #NHLPA for larger increase is possible.
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This is incredibly disappointing and it causes significant stress for general managers who can't afford to keep their teams together.
Hopefully increases are on the horizon for 2024-25, as these insignificant increases are unsustainable.
Source: Blade of Steel
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