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[2] [3] A salary cap existed in the early days of the NHL. During the Great Depression, for example, the league was under financial pressure to lower its salary cap to $62,500 per team, and $7,000 per player, forcing some teams to trade away well paid star players in order to fit the cap. [4]
The team salary cap was $39 million. Under the latest NHL Collective Bargaining Agreement, no player could earn more than 20 percent of the team salary cap ($7.8 million). Jaromir Jagr (New York Rangers) $8.36 million [2] Nicklas Lidstrom (Detroit Red Wings) $7.6 million Keith Tkachuk (St. Louis Blues) $7.6 million
Highest-paid NHL players by salary cap hit. Player, team, cap hit, contract. Auston Matthews, Toronto, $13,250,000, four years, $53 million ... The 2024-25 NHL salary cap is $88 million, up from ...
After the 2024 season, the league and its players' union entered into a new CBA that will run through the 2030 season. The new CBA has no individual salary caps, but retains the "maximum cap charge" concept and a team salary cap, with the team cap initially set at $3.3 million for the 2025 season and increasing annually to $5.1 million for 2030.
The NHL salary cap is getting another modest increase, going up $1 million again to $83.5 million. The league and NHL Players' Association announced the cap number for the 2023-24 season Wednesday.
In addition to the soft cap, the NBA utilizes a luxury tax system that is applied if the team payroll exceeds a separate threshold higher than the salary cap. These teams pay a penalty for each dollar their team salary exceeds the tax level. From 2002 to 2013, if a team exceeded the luxury tax threshold, they must pay one dollar to the league ...
Assistant GM Don Fishman has been an expert in managing the salary cap for several years, helping Washington win the Stanley Cup in 2018 and reach the playoffs 15 times in the past 17 seasons.
Due to the 2012–13 NHL lockout, the salary cap was not to increase to the projected $70.2 million, so each team was therefore granted two compliance buyouts to be exercised after the 2012–13 season and/or after the 2013–14 season that would not count against the salary cap in any further year in order to better comply with a lower than ...