NHL commissioner Gary Bettman said the NHL salary cap is projected to increase by $1 million for the 2022-23 season.
Bettman made the announcement at a press conference after the second day of Board of Governors meetings in Florida Friday. The commissioner added that the league expects revenues from the 2021-22 season to exceed pre-pandemic expectations and reach $5.2 billion.
The commissioner said that the salary cap will remain relatively flat while players make escrow payments to balance the revenue sharing losses as the result of two seasons cut short by the pandemic. The players are on track to complete those payments in three years, meaning there likely won’t be large increases to the salary cap until at least the 2024-25 campaign.
The salary cap did not increase from its current ceiling — $81.5 million — with reduced attendance and lost revenue streams leading to that decision ahead of the 2021-22 season.