The NHL’s salary cap, calculated off revenue splits, has finally recovered from the pandemic years. The 2024-25 season will see the cap’s upper limit increase meaningfully for the first time in years. The limit was $81.5 million in 2019-20 and only rose to $83.3 million by the 2023-24 season. This handy chart from CapFriendly tracks it out from year-to-year.
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Nowadays, from new TV deals to opening up new revenue streams, the NHL is getting good at making money. That translates into a cap max of $88.0 million for 2024-25 and should continue to tick up in the short-term future.