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.
NHL salary cap officially set at $83.5M. Floor is $61.7. Maximum salary is…$16.7M
— Elliotte Friedman (@FriedgeHNIC) June 28, 2023
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.