This morning, Gary Bettman addressed the NHL Board of Governors. One of the most important announcements was that the NHL expects players to be paid back by 2024/25.
The NHL expected revenues to reach $5 billion this season, allowing for a "substantial" cap rise in 2024/25.
The NHL says the Players' $1 billion debt to owners is expected to be paid off in three seasons, including this one, at which point the salary cap can be re-linked the HRR and rise dramatically.
In other words, it's possible for a significant cap increase in 2024-25 season.''
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The cap would be $84,500,000 with the existing $1,000,000 annual increment for next season.
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