The past few years have been tough for the NHL with regards to the salary cap. Due to the Covid-19 pandemic,
the NHL has been forced to issue very small cap increases over the past few seasons. Losing a sponsorship deal like this obviously is not ideal either as it could have a negative impact on the league's bottom line. It is not clear how much of Biosteel's 400 million dollar debt id owed to the NHL, but however much it is is money that could be going to cap increases. Hopefully, the new sponsorship deal will bring in enough cash flow to offset the temporary losses from this unexpected issue.