Business Notes: Salary Cap, 2022-23 Schedule, LTIR

NHL commissioner Gary Bettman spoke today from Ball Arena in Denver prior to Game 1 of the 2022 Stanley Cup Final, giving a pseudo-state of the league address as the offseason begins to commence. One of the most striking and important notes from his presser was about the future of the salary cap, including that league revenues hit a record $5.2 billion this year. Drawing on that and the projected revenue increase from that point, Bettman notes that normal salary cap growth should resume within two to three seasons, a much shorter timeline than the five-to-six-year plan rumored early in the season. It’s wonderful news for teams and players, as contending teams will finally begin to have more flexibility when the offseason hits, and players can begin to capitalize on their earning potential in line with inflation.

• We have a start date for the 2022-23 NHL campaign: Wednesday, October 11. It’s finally in line with the normal routine the NHL had been acclimated to over the past years prior to COVID, and we’re expected to see a normal schedule for the first time since 2018-19. The 2022-23 schedule will be released by the league early next month.
• Contrary to previous rumors, deputy commissioner Bill Daly doesn’t anticipate the topic of changing the NHL’s long-term injury reserve rules to come up at the next Board of Governors meeting. Noise had been made in past months about some general managers growing unsatisfied with the ability for teams to greatly exceed the normal playing roster salary cap during the playoffs. However, Daly said during the presser that he believed this year demonstrated that teams couldn’t successfully use LTIR as an intentional loophole and still have a successful enough regular season to make the playoffs.