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The NHL salary cap is the total amount of money that National Hockey League (NHL) teams are allowed to pay their players. It is a "hard" salary cap, meaning there are no exemptions (and thus no luxury tax penalties are required). It was first introduced in the 2005–06 season. Like many professional sports leagues, the NHL has a salary cap to ...
On September 4, 2010, the NHL and NHLPA ratified an agreement to alter how the salary cap hit of long-term contracts would be calculated. The new salary cap accounting system would see two distinct changes.
The NHL salary cap is formally titled the "Upper Limit of the Payroll Range" in the new CBA. For the 2005–06 NHL season, the salary cap was set at US$39 million per team, with a maximum of $7.8 million (20% of the team's cap) for a player. The CBA also mandated the payment of salaries in U.S. dollars, codifying what had been a universal ...
As NHL teams move toward paying their stars more money and relying on young players to fill the gaps, hockey's middle class is being squeezed out. Veterans like 2018 Washington Capitals playoff ...
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.
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
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.
The salary cap would be adjusted each year to guarantee players 54% of total NHL revenues, and there would also be a salary floor. Player contracts are also guaranteed . The players' share will increase if revenues rise to specific benchmarks, while revenue sharing will split a pool of money from the 10 highest-grossing teams among the bottom 15.