Report: NHL Salary Cap to Increase to $75 Million for 2017-18 Season

The NHLPA Executive Committee is expecting a result of a vote today on the proposal to increase the NHL salary cap by $2 million.

Report: NHL Salary Cap to Increase to $75 Million for 2017-18 Season

The cap has increased dramatically since its inception at $39 million in 2005-06, increasing each year excluding the time period from 2011-14 due to the 2012-13 NHL lockout where it stayed at $64.3 million in both of the full length campaigns of 2011-12 and 2013-14. In 2013, the cap was at $60 million, but teams were allowed to spend $70.2 million in the condensed schedule.

The cap was reported to go up to $76 million and even $77 million, but hinged on the vote to decide on a monetary percentage increase. That number decreased as they settled on an increase of $2 million. According to Bob McKenzie, the number was never going to be a decline, only an increase.

This provides some sort of relief for teams up against the cap, especially the Chicago Blackhawks and Anaheim Ducks, the former currently sitting in the red at -$4,520,628 and the latter at $1,665,000 respectively.

This would be the lowest salary cap increase from one season to the other since the summer of 2010 when the cap increased by just $100,000. The highest came in the summer of 2008, when the cap went up by $6.4 million from $50.3 to $56.7 million. This may affect how teams handle their various situations come next week’s expansion draft as well as Entry Draft. An extra cash boon could help others looking for a free agent acquisition as well as keeping restricted players.

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1 COMMENT

  1. Hey, solid article. Thanks for the hard work you give to this site. I just ran into you guys recently and was wondering if you had a contact email I could reach out to you at? I had a few questions and some thoughts I would love to share privately. I do not see a contact us section or anywhere with an email or other contact information. Would you mind sending me an email at RyanCrappa@PuckPlanet.com ? would love to chat some hockey a bit and introduce myself a bit more formally. Thanks! Looking forward to hearing from you shortly.

    Also, do you think that this increase in the cap will be something that negatively or positively affects the Vegas Knights and their ability to get deals done or do you think it won’t really affect them much either way?

    Thanks, have a great day!

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