The NHL reveals the expected increase of the salary cap for next season
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.''
The cap would be $84,500,000 with the existing $1,000,000 annual increment for next season.
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