Salary cap could exceed $80M next season
MANALAPAN, Fla. — One day after the NHL took a big step towards an expansion franchise in Seattle, commissioner Gary Bettman said the league’s existing 31 teams will be allowed to spend more next season. A lot more, in fact. Bettman told reporters at the conclusion of the league’s board of governors meeting Friday that the projected salary cap for 2018-19 will be somewhere between US$78 million and $82 million — up from the current $75 million.
“The league has never been healthier,” Bettman said in a ballroom at the swanky Eau Palm Beach Resort & Spa.
“The game has never been healthier. Our franchises have never been healthier. Our fan base has never been better.”
Bettman said hockey-related revenue will be around US$4.54 billion this season, an 8.2 per cent increase.
The cap bump should help a number of teams close to the ceiling like the Detroit Red Wings and Chicago Blackhawks heading into next season, and others like the Toronto Maple Leafs, who have to lock up young stars Auston Matthews, William Nylander and Mitch Marner in the not-too-distant future.
Leafs president Brendan Shanahan didn’t stop to speak with reporters after the meeting broke Friday, but Edmonton Oilers CEO Bob Nicholson, whose club recently signed star forwards Connor McDavid and Leon Draisaitl to long-term deals, said the cap increase was welcome news.
“Where we are with the cap going forward . . . it’s certainly going to help us,” said Nicholson.