Major announcement : Here is the new NHL salary cap for 2023-24
BY MARCO JUNE 21, 2023 (4:06 PM)
With the pandemic, this increase has been delayed considerably, and some teams were planning things differently. Heavy contracts were awarded.
According to Chris Johnston, the increase in the salary cap will have to wait, as it is expected to rise by just 1 million again this year.
It's a real shame for many clubs who have little room to maneuver and lots of players to sign. As for the Habs, there's plenty of room, but the cap will have to go up pretty quickly over the next few years for Kent Hughes to be able to sign all the promising youngsters.