The NHL and NHLPA announced an $88-million salary cap for the 2024-25 season Saturday.
The new ceiling is a $4.5-million increase from last year’s $83.5-million salary cap. It’s the biggest jump in one offseason since the cap rose by $4.5 million before the 2019-20 campaign.
Commissioner Gary Bettman said in December that the cap was expected to rise to $87.7 million.