NHL salary cap set to rise $1M for 2023-24 season
Published
The NHL salary cap is expected to be set at $83.5 million for the 2023-24 season, TSN Hockey Insider Chris Johnston reports.
The NHL and NHLPA had previously discussed the possibility of bumping up next year's salary cap by a higher increase. Johnston notes that the salary cap staying on schedule is an indication the two sides won't negotiate a higher increase than the $1 million called for in 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:
NHL Salary Cap History
| Year | Salary Cap |
|---|---|
| 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 |