As expected, the NHL and NHLPA announced on Thursday that the salary cap ceiling for the 2018-19 season will increase to $79.5 million. That’s a $4.5 million increase from this past season.
Going back to December, the NHL’s revenues told them that the ceiling would rise by at least $3 million.
“The league has never been healthier,” said Commissioner Gary Bettman said at December’s Board of Governors meeting. “The game has never been healthier. Our franchises have never been healthier.”
Important news for teams like Ottawa and Arizona, the salary cap floor for next season will be $58.8 million, which means it’s time to prepare those Marian Hossa trade proposals!
The ceiling increase is also good news for those teams that regular spend to the limit. Now they have some more breathing room to either bring back some unrestricted or restricted free agents they want to sign or allow them to add a bit more salary under their cap if they want to go shopping this summer.