Reports: NHLPA Voting to Approve $75 million Salary Cap

According to reports, the NHLPA is expected to vote on a $75 million salary cap today. If approved, it would increase the cap from its current level of $73 million. The raise represents approximately a 2.67% increase from last years cap.

Pierre LeBrun was the first to report the new cap number:

Once the vote is complete, and if the vote is yes, the cap for next season can be announced. That could be anytime from today through Monday

— Pierre LeBrun (@PierreVLeBrun) June 16, 2017

The NHLPA could have voted for as much as a 5% increase. The NHL is hoping to announce the final number by the close of business today (Friday), however, the NHLPA vote could take until Saturday to complete.

The potential increase is good news for cash-strapped teams such as the Capitals. There were rumors last week that the salary cap could remain flat for next season as a way to address the players’ concerns about escrow.

For more on “Understanding the NHL’s Escrow System”, read here:

By Jon Sorensen
Follow @NoVa_Caps

About Jon Sorensen

Jon has been a Caps fan since day one, attending his first game at the Capital Centre in 1974. His passion for the Caps has grown over the decades, which has included time as a season ticket holder, social media and community organizer, and most recently led to the founding of NoVa Caps in 2014. Jon earned a Bachelor's of Science in Civil Engineering at Old Dominion University, and is a Systems Engineer during intermissions, which has been instrumental in supporting his Capitals habit.

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