Gary Bettman makes an unexpected announcement: Canucks are in luck

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Owen Fullerton
June 8, 2024 (8:37 PM)

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The NHL salary cap is expected to rise even higher than initial projections of $83.7 million.

NHL Commissioner Gary Bettman shared officially that the cap would rise by $4.5 million to $88 million for the 2024-25 season, as reported by Frank Seravalli.

The salary cap floor will be $65 million next season, and only a handful of teams will need to spend to reach that level.

Gary Bettman spoke to media on Saturday and said teams are excited to see the cap officially rising, and by even more than they thought.

The Commissioner said he expects that to be a trend in the future now that the league has rallied from COVID-19 debts.

I predict it will continue to go up. obviously, with the number of years with flat or modest increases, it was necessary to recapture how much was overpaid... but I believe we'll continue to see robust growth in the cap.

With that news in mind, it could significantly help Patrik Allvin and the Canucks, as he's got 11 contracts to renew. The extra money could help the team bring back some of their best players, such as Dakota Joshua, Filip Hronek, Nikita Zadorov and Elias Lindholm.

The Oliver Ekman-Larsson buyout will have a significant impact on the Canucks' spending, but this salary cap increase will help them navigate through it.

NHL raises salary cap to upper limit of $88 million for 2024-25 season