NHL Officials Believe The Salary Cap Will Rise After 2023-24 Season

The NHL and its officials were expecting the salary cap to significantly rise after the 2024/25 season, but NHL Deputy Commissioner Bill Daly believes that a year early, the cap could rise significantly. "I’ve seen some preliminary estimates recently which would make me more optimistic on the cap going up sooner whether that’s in two seasons or three seasons, I think it’s more likely than not two seasons rather than three," Daly said in an interview with Sportsnet's Elliotte Friedman and Jeff Marek from European Media Day on Wednesday.

In March, the leagues Commissioner Gary Bettman predicted that a raise of more than $1 million was coming after the 2024/25 season, but with optimism, that can happen a year early. In 2022/23, the cap is rising exactly $1 up to $82.5 million, consistent with the year after year growth that the league has seen since 2013/14, up until the unfortunate pandemic shortened season in 2019/20. 

This would certainly be a huge help for the NHL as they aim to keep pace with some of the bigger leagues in North America, and beyond that, will certainly help teams accommodate their star players more, and will allow them to add significantly to their teams to help them do what every team desires, and that's chase the Stanley Cup. 

If you want to listen to more of Daly's comments regarding this and the future of the NHL, particularly with a potential European expansion, they will be featured on an upcoming episode of 32 Thoughts the Podcast. 

Photo Credit: Eric Bolte-USA TODAY Sports