[News] 2024-25 NHL Salary Cap set at $88 million

[getbak]

https://twitter.com/user/status/1799554808690385044

the national hockey league and the national hockey league players’ association announced today that the team payroll range established for the 2024-25 league year, pursuant to the collective bargaining agreement, provides for a lower limit of $65.0 million, a midpoint of $76.5 million and an upper limit of $88.0 million.

[Mr.Coffee]

Why is a midpoint relevant?

[Groot]

Originally Posted by Mr.Coffee

Why is a midpoint relevant?

The writer had a word count requirement for the article

[Roof-Daddy]

Flames with $20 million in cap space with a 19 man roster currently

Plus a good chance at least half of Markstrom's $6 million ticket is also gone by the draft.

[Snuffleupagus]

Originally Posted by Roof-Daddy

Flames with $20 million in cap space with a 19 man roster currently

Plus a good chance at least half of Markstrom's $6 million ticket is also gone by the draft.

And the Oilers have $10 million with a 14 man roster

[BigThief]

Originally Posted by Snuffleupagus

And the Oilers have $10 million with a 14 man roster

They're also about to start the Stanley Cup final. Like who cares what their cap situation is next year, they're currently playing for the Stanley cup lol

[dirk diggler]

The Flames talk about "weaponizing" the cap space? havent really seen them do that. Montreal does it and gets 2 first round picks for Monahan.

[Roof-Daddy]

Originally Posted by dirk diggler

The Flames talk about "weaponizing" the cap space? havent really seen them do that. Montreal does it and gets 2 first round picks for Monahan.

They just retained on both Hanifin and Tanev at the TDL

[Snuffleupagus]

Originally Posted by BigThief

They're also about to start the Stanley Cup final. Like who cares what their cap situation is next year, they're currently playing for the Stanley cup lol

The thread is about 24/25 and I care because I don't want to go thru this nightmare next year.

[getbak]

Technically, the midpoint is the most-relevant thing because it's what is calculated from the past HRR values. The cap and floor are calculated relative to the midpoint.


Under the changes to the CBA after COVID, to calculate the cap you first calculate the midpoint of the salary range:

1. Take the final HRR value from 2 seasons prior (in this case, 2022-23).
2. Divide that number in half to get the Players' share of HRR.
3. Divide that number by the number of teams in the league to get the per-team share.

This gives you the midpoint for the salary range for the upcoming season. The cap is set to 115% of the midpoint and the floor is set to 85% of the midpoint.


Granted, currently, there is a limit to the amount the cap can increase year-over-year at 5% (although, this is slightly higher than 5%), so the formula doesn't really matter until the growth in the cap has caught up to the growth in revenue.

[memphusk]

Was the cap 83 this year?

[getbak]

Originally Posted by memphusk

was the cap 83 this year?

83.5

[Strange Brew]

Originally Posted by Roof-Daddy

They just retained on both Hanifin and Tanev at the TDL

Yeah that helped a little but it’s really just expected at the deadline. You don’t get much for it.

They need to turn some of this cap space into draft capital this summer and not waste it on veterans who won’t be part of a contending team.

[dirk diggler]

Originally Posted by Strange Brew

Yeah that helped a little but it’s really just expected at the deadline. You don’t get much for it.

They need to turn some of this cap space into draft capital this summer and not waste it on veterans who won’t be part of a contending team.

very true, Montreal has some pretty bad contracts for example, if the term isnt too long, perhaps try to get that pick back.

[SutterBrother]

Originally Posted by getbak

83.5

Everyone cool to think of Huberdeau as a 6.5 million per year player henceforth?