NHL boosts salary cap to $88 million for 2024-25 season

 

Next season, NHL general managers will have more money to work with.

Ahead of the Stanley Cup final between the Edmonton Oilers and Florida Panthers on Saturday, the league and NHL Players' Association agreed that the salary cap for 2024–25 will increase significantly to US$88 million from $83.5 million.


After two seasons of small $1 million hikes to reflect the financial burden of the COVID-19 pandemic, this jump marks the first big increase in years.

"I know the general managers and the teams are excited to have more flexibility," NHL commissioner Gary Bettman said at his annual press conference in the hours before Game 1. "It means that the revenues are as robust as we've been telling you all."

The cap floor will be $65 million.

"It's been a good year for hockey," NHLPA executive director Marty Walsh said. "Double-digit viewership increases for the most part across the league, revenue's coming in. It puts us in a strong position as a PA just to advocate on behalf of our players."

The league has revealed the venues and timetable for the newest international hockey competition.

From February 12 to 20, Montreal and Boston will play host to the inaugural NHL 4 Nations Face-Off tournament.


The participating nations were already revealed to be Canada, the US, Sweden, and Finland. Six round-robin competitions will be held at the showcase, with a championship game to follow.

 The league has revealed the venues and timetable for the newest international hockey competition.

From February 12 to 20, Montreal and Boston will play host to the inaugural NHL 4 Nations Face-Off tournament.


The participating nations were already revealed to be Canada, the US, Sweden, and Finland. Six round-robin competitions will be held at the showcase, with a championship game to follow.