The NHL's salary cap will sit at $82.5 million for the 2022-23 campaign, a $1 million increase.
The NHL's salary cap will bump up to $82.5 million for the 2022-23 campaign, rising for the first time since 2019-20.
The league had held steady with a salary cap of $81.5 million for the past three seasons, mostly due to COVID-19 causing the league to stay put instead of rising like it had done for much of the cap's existence.
The salary cap was last increased from $79.5 million in 2018-19 to $81.5 million in 2019-20. The salary cap originally started at $39 million in 2005-06 before bumping up to $44 million the following year and $50.3 million in 2007-08.
According to Daily Faceoff's Frank Seravalli, the NHL expects the $1 million debt held by players will be repaid by the end of 2024-25, allowing for a bigger increase in the salary cap for 2025-26.