NHLPA to ask players about their opinion on salary cap increase for 2023-24
Back in October, NHL Commissioner Gary Bettman told reporters that the over $1 billion owed due to the COVID-19 pandemic may possibly be paid off by the end of the fiscal year and could allow the salary cap to increase significantly for the 2023-24 season.
If the money owed is paid off, then the salary cap could go up as much as $4.5 million, but if it's not, it'll only go up by $1 million to $83.5 million.
During Thursday's edition of Insider Trading on TSN, Darren Dreger reported that the NHLPA will be asking player about their opinions about a potential big increase to the cap for next season.
"And that's exactly what the National Hockey League Players Association is planning right now. They're asking their players, as part of their annual tour, as to whether or not the players do want the salary cap for next year to be increased by as much as $3 million. Likely between $2 million and $3 million." Dreger said.
He added, "Now it won't impact escrow, so that's a must from a player's perspective and from the National Hockey League. And it can go even higher than that in '23-24. But as Pierre said, the PA is not engaged yet with the National Hockey League, they don't have to. They're first gaging the voice of the player, but they will have to decide before early summer."
He added, "Now it won't impact escrow, so that's a must from a player's perspective and from the National Hockey League. And it can go even higher than that in '23-24. But as Pierre said, the PA is not engaged yet with the National Hockey League, they don't have to. They're first gaging the voice of the player, but they will have to decide before early summer."
Before free agency opened back in July, the salary cap increased to $82.5 million, a $1 million jump after being stagnant at $81.5 million for the previous three seasons due to multiple reasons, including the COVID-19 pandemic.
Source: Insider Trading - TSN
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