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The NHL salary cap is the total amount of money that National Hockey League (NHL) teams are allowed to pay their players. It is a "hard" salary cap, meaning there are no exemptions (and thus no luxury tax penalties are required). It was first introduced in the 2005–06 season . Like many professional sports leagues, the NHL has a salary cap to ...
The team salary cap was $39 million. Under the latest NHL Collective Bargaining Agreement, no player could earn more than 20 percent of the team salary cap ($7.8 million). Jaromir Jagr (New York Rangers) $8.36 million [2] Nicklas Lidstrom (Detroit Red Wings) $7.6 million Keith Tkachuk (St. Louis Blues) $7.6 million
The NHL salary cap is formally titled the "Upper Limit of the Payroll Range" in the new CBA. For the 2005–06 NHL season, the salary cap was set at US$39 million per team, with a maximum of $7.8 million (20% of the team's cap) for a player. The CBA also mandated the payment of salaries in U.S. dollars, codifying what had been a universal ...
The agreement also phased in a reduced age for free agency, which would eventually give players unrestricted rights to negotiate with any team at age 27 or after 7 years of play in the NHL, whichever came first. On September 4, 2010, the NHL and NHLPA ratified an agreement to alter how the salary cap hit of long-term contracts would be calculated.
The salary cap would be adjusted each year to guarantee players 54% of total NHL revenues, and there would also be a salary floor. Player contracts are also guaranteed . The players' share will increase if revenues rise to specific benchmarks, while revenue sharing will split a pool of money from the 10 highest-grossing teams among the bottom 15.
In the 16 years since the salary cap has been a reality in the NHL, it never has been this much of a challenge to maneuver. The defending Stanley Cup champion Tampa Bay Lightning set a roster that ...
CapGeek was a Canadian hockey website, specializing on the business aspect of the NHL.The site featured explanations of the salary cap, the status of a players' contract, statistics, etc. Called revolutionary by hockey experts, CapGeek was launched in 2009 by Metro Halifax sports journalist Matthew Wuest.
The NHL salary cap is getting another modest increase, going up $1 million again to $83.5 million. The league and NHL Players' Association announced the cap number for the 2023-24 season Wednesday.