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The NHL salary cap is the total amount of money that each National Hockey League (NHL) team is allowed to pay its players collectively. It is a "hard" salary cap , meaning there are no exemptions (and thus no luxury tax penalties are required).
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 ...
What is the NHL salary cap for 2024-25? The 2024-25 NHL salary cap is $88 million, up from $83.5 million last season. It was the first significant rise since the pandemic.
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
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 agreement also phased in a reduced age for free agency, which would eventually give players unrestricted rights to negotiate with any team at age 27 or after 7 years of play in the NHL, whichever came first. 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.
In the 16 years since the salary cap has been a reality in the NHL, it never has been this much of a challenge to maneuver. The defending Stanley Cup champion Tampa Bay Lightning set a roster that ...
The salary cap for the 2022–23 season is $123.655 million (minimum team salary, which is set at 90 percent of the Salary Cap, is $111.290 million). [6] The league's newest CBA, which takes effect with the 2023–24 season, requires teams to meet the 90% salary floor at the start of preseason training camp.