10-18-2022, 06:12 PM
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Some kinda newsbreaker!
Join Date: May 2004
Location: Learning Phaneufs skating style
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BOG Meetings: Bettman optimistic 23/24 salary cap could go up to $86 million
https://www.sportsnet.ca/nhl/article...r-next-season/
Quote:
Last summer, teams were told to expect the cap to go up by $1M in 2023-24, then hopefully to $87.5-$88M in 2024-25 and $92M in 2025-26.
However, the commissioner indicated there’s a “good probability” the escrow balance will be paid off by the end of this season. (The escrow balance is money owed from the players to the owners because revenues dropped during the pandemic, almost entirely due to games without fans. It started at $1.1B.)
Bettman is optimistic about revenue targets for 2022-23, saying players paying off the remaining amount is “going to be close.” If the balance is paid, the cap could go to around $86M next season. If not, the projections will revert to the previous totals.
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