NHL salary cap officially set at $83.5M for 2023-24
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The NHL salary cap has officially been set at $83.5 million for the 2023-24 season as the league stays on schedule with a $1 million raise.
The cap floor has been set at $61.7 million, up $700,000 from this past this season.
The maximum allowable salary for next season will be $16.7 million - 20 per cent of the cap. Currently, Colorado Avalanche star Nathan MacKinnon is set to hold the league's highest cap hit next season at $12.6 million as he plays the first of his eight-year, $101 million extension signed last summer.
TSN Hockey Insider Chris Johnston previously reported the NHL and NHLPA had previously discussed the possibility of bumping up next season's salary cap by a higher increase but elected not to renegotiate their Memorandum of Understanding.
The salary cap for the 2022-23 season was $82.5 million with a floor of $61 million, marking was the first time the cap increased in three years due to the pandemic as it remained at $81.5 million from the 2019-20 campaign through 2021-22.
Here's a breakdown of how the salary cap has increased over the years since it was first implemented during the 2005-06 season:
This is the title of the table
| Year | Salary Cap |
|---|---|
| 2023-24 | $83.5M |
| 2022-23 | $82.5M |
| 2021-22 | $81.5M |
| 2020-21 | $81.5M |
| 2019-20 | $81.5M |
| 2018-19 | $79.5M |
| 2017-18 | $75M |
| 2016-17 | $73M |
| 2015-16 | $71.4M |
| 2014-15 | $69M |
| 2013-14 | $64.3M |
| 2012-13 | $60M |
| 2011-12 | $64.3M |
| 2010-11 | $59.4M |
| 2009-10 | $56.8M |
| 2008-09 | $56.7M |
| 2007-08 | $50.3M |
| 2006-07 | $44M |
| 2005-06 | $39M |