NHL Salary Cap Officially Set At $83.5 Million For 2023-24 Season

The NHL announced on Wednesday that the salary cap for the 2023-24 season has been officially set at $83.5M. The salary cap floor is $61.7.

The cap rises just one million dollars, from the $82.5 salary cap set for the 2022-23 season. The salary cap was flat at $81.5 million the previous three seasons due to the Covid pandemic.

There have been numerous reports that the cap is expected to rise $4-5 million next season, depending on finances for the 2023-24 season, and the players escrow settlement.

About Jon Sorensen

Jon has been a Caps fan since day one, attending his first game at the Capital Centre in 1974. His interest in the Caps has grown over the decades and included time as a season ticket holder. He has been a journalist covering the team for 10+ years, primarily focusing on analysis, analytics and prospect development.
This entry was posted in News and tagged . Bookmark the permalink.

7 Responses to NHL Salary Cap Officially Set At $83.5 Million For 2023-24 Season

  1. redLitYogi says:

    One big wild card, not only for the NHL but for many professional sports leagues, is what is happening with cord-cutting and cable. One of the largest regional sports networks conglomerates has filed for bankruptcy because the cable revenue is no longer pouring in the way it used to do. A lot of revenue comes from those RSNs, and that may complicate the revenue situation.

    • Jon Sorensen says:

      No question, Yogi. Was just thinking about that myself.

      • novafyre says:

        I wonder how the regional income (cable and streaming) figures in to the NHL. What does the team get, what does the NHL get. What effect on the NHL does Ted’s taking over NBCSW have? Will it reduce NHL income, increase it, have no effect? If Ted takes MSN off cable to streaming only, what effect does that have on the league?

        • Jon Sorensen says:

          And more specifically, what overall percentage of income does it represent? How big of a player is it. I know the national deals is a big ticket item, as is gate receipts.

          • novafyre says:

            Yep. We hear a lot about the TNT and ESPN deals, but not the regionals. I keep reading the articles on their breakup but don’t see anything on the effect on NHL finances.

  2. Anonymous says:

    We need to see that big bump next season. We can pay Willy what he wants

  3. Anonymous says:

    I think we ink Willy after Saturday (July 1)

Leave a Reply