Main menu

Pages

NHL salary cap could increase by $4 million next season

featured image

NEW YORK — The NHL salary cap could rise to over $4 million next season if the league meets revenue projections.

“We believe the trust is likely to be paid off this season. It means the flat border will be replaced by a larger spike,” NHL commissioner Gary Bettman said after the league’s board meeting in Manhattan on Tuesday. said.

The NHL and the NHL Players Association signed a new collective bargaining agreement in 2020. They agreed to keep the salary cap fixed at $81.5 million until hockey-related income exceeded $3.3 billion for the previous season. The salary cap has risen from $1 million to $82.5 million for the first time this season under the CBA.

The “hard cap” was necessary because players owed an estimated $1 billion to team owners due to teams’ COVID-19 pandemic revenue losses. When this debt is paid in full, the cap moves to an income-linked “calculation cap.” Bettman said he believes the debt can be paid off this season and that he believes the cap will rise to between $4 million and $4.5 million ahead of schedule for the 2023-24 season.

Bettman said revenues are “pretty brisk,” with the league generating about $5.4 billion in hockey-related revenue last season, about half a billion dollars more than the NHL had projected.

The commissioner said it would be “imminent” for the debt to be fully paid off by the end of the season. If not, the salary cap will only increase by $1 million for 2023-24.

The Russia problem of the World Cup

The NHL hopes to hold the next World Hockey Cup in February 2024, but some countries expected to participate are escalating protests over the participation of Russian players.

“The conflict in Ukraine makes it difficult to deal with the Russian problem. We have certainly heard from some countries that will participate. [in the World Cup] He said they would object to the participation of Russia,” he said.

The NHL expected some sort of adjustment in the status of the Russian team if Russia’s war against Ukraine was still raging during the World Cup. Initially, the hope was that Russian players would play under a neutral name or flag, as happened at the Olympics after the Russian Olympic Committee was suspended by a doping scandal. However, Daly said other World Cup nations were not happy about it.

“We thought of it as an alternative. As I understand it as concerns, it looks like there won’t be a fix for other countries,” Daly said. Said.

The NHL said the appeals were a “relative fact” in the decision-making process regarding Russian player participation, but no decision had been made about their status, and no plans regarding World Cup logistics had been finalized a little over a year ago. The event is planned.

Ian Cole investigation

The NHL board was not given a report on the investigation into Tampa Bay Lightning defender Ian Cole, but Bettman did address the potential fallout.

The NHL said on Saturday it found no evidence to corroborate the anonymous sexual misconduct allegations made against Cole on social media. Yıldırım later reinstated Cole, who was suspended by the team on a salary and missed the first three games.

Bettman said the NHL’s chief of security, Jared Maples, and the league’s chief legal officer, David Zimmerman, “conducted as thorough an investigation as you can do in an anonymous tweet.”

After Cole’s reinstatement, the NHLPA issued a statement stating that “players should never be subject to suspension or disciplinary action in response to false and anonymous accusations” and that “it would be inappropriate and grossly unfair to remove a player from their team under these circumstances.”

Bettman said he respected the union’s view on the matter, but supported Tampa Bay’s decision to suspend Cole.

“Lightning decided it could be a short-term distraction, and clubs are free to do that,” Bettman said. Said.

He said that similar situations will be handled on a case-by-case basis in the future.

“At the end of the day, I always worry when allegations come up. But when they’re made anonymously, it’s kind of hard to deal with them,” Bettman said.

.

Comments