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NHL salary cap ceiling set at $79.5M for 2018-19 season

Las Vegas NHL Franchise Reveals Team Name And Logo

LAS VEGAS, NV - NOVEMBER 22: NHL Commissioner Gary Bettman (L) encourages people to boo him as majority owner Bill Foley looks on before the Vegas Golden Knights was announced as the name for Foley’s Las Vegas NHL franchise at T-Mobile Arena on November 22, 2016 in Las Vegas, Nevada. The team will begin play in the 2017-18 season. (Photo by Ethan Miller/Getty Images)

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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.

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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.