NHL general managers have officially been told that the the league's salary cap will go up by $1 million to $82.5 million next season, according to TSN Hockey Insider Pierre LeBrun.
Commissioner Gary Bettman announced last December that the league's revenues are expected to top $5 billion this season.
The league's salary cap sat at $81.5 million in each of the past two seasons due to less revenue because of the COVID-19 pandemic. The salary cap was $79.5 million in 2018-19, up $4.5 million from the previous season.
More to follow.