NHL free agency 2023 gets its start at noon Saturday, with teams able to sign free agents right away (unlike the NBA, which features a delay between the opening of the period and when contracts can be signed).
The NHL's 2023-24 salary cap is staying mostly flat, jumping by just $1 million to $83.5 million. That's after several seasons of staying at $82.5 million. The salary floor (aka the minimum each team must have in salary cap considerations) is at $61.7 million.
The Red Wings have just over $53 million in contracts for next season (according to CapFriendly), so general manager Steve Yzerman will need to spend some of the more than $30 million of cap space.