The salary cap for the 2023-24 NHL season is $83.5 million. \n
NHL commissioner Gary Bettman says his “very preliminary” projection for the league’s salary cap for the 2024-25 season is “$87 to $88 million,” after a Board of Governors meetingBoard of Governors meeting in New York, commissioner Gary Bettman says “very preliminary” projection of salary cap for 2024-25 is “$87 to $88 million.”the escrow debt owed to the owners from the players is down to approximately $50 million, and will be paid off this offseason.
The cap has been mostly flat since 2020-21 because the players have been paying off the escrow balance they incurred in 2019-20, due to the COVID-19 pandemic pausing the season and all hockey-related revenues .
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