NHL salary cap projected to rise at least $3M in 2018-19

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According to projections the NHL shared at the Board of Governors meeting on Friday, the salary cap is expected to increase by at least $3 million for the 2018-19 season.

“The league has never been healthier,” said Commissioner Gary Bettman. “The game has never been healthier. Our franchises have never been healthier.”

Currently at $75 million, if the Players’ Association chooses to use an inflator the ceiling could rise as high as $82 million. The jump to $78 million would mark the biggest rise since a $4.7 million increase for the 2014-15 season.

That would be music to the ears of a handful of NHL teams who are near the current ceiling, allowing them some extra room to maneuver for their off-season spending. It would also help teams like the Chicago Blackhawks ($66M), Los Angeles Kings ($66M), and Nashville Predators ($65M), who are already committed to at least $65 million in salary for next season, per CapFriendly. Then you have the Vegas Golden Knights, who are sitting pretty at $34 million tied up for 2018-19. You wonder how general manager George McPhee will go about using his spending space to build off their inaugural season.

The ability for the ceiling to rise by a minimum of $3 million is due to another increase in league revenues, which Bettman said is projected to hit around $4.85 billion this season, while hockey-related revenues are expected to reach $4.54 billion, an increase of 8.2 percent.

We’ve come a long way from a $39 million ceiling all the way back in 2005-06.

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Sean Leahy is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @Sean_Leahy.