Last season, the NHL made an unprecedented decision to release an official salary cap figure well in advance of the upcoming campaign. Not only did they lock in this year’s $95.5MM upper limit number well in advance of when they normally do, but they also informed teams that the league and NHLPA had agreed upon a $104MM cap for 2026-27 and a $113.5MM cap for 2027-28.
Those figures were subject to “potential minor adjustments,” however, and it appears those may already be coming into play. Next season’s figure may rise by as much as $3MM to an upper limit of $107MM, sources tell Elliotte Friedman of Sportsnet.
That would be a 12% increase from this season’s number, almost as large a jump as the change from last year to this one that kicked off the post-pandemic era of rapid salary cap growth. Last year’s salary cap was set at $88MM before jumping to $95.5MM for 2025-26, a 13.1% increase.
An upper limit of $107MM for 2026-27 would thus mean a salary cap increase of $19MM in just two years. For context, a player who signed a contract carrying a $5MM cap hit in 2024-25 would be making $6.1MM per season if he signed for the same percentage of the cap in 2026-27 as he did two years prior. For the league’s new highest-paid player, Kirill Kaprizov, his $17MM AAV extension that takes effect next season would be equivalent to $14MM if signed for the same percentage of the cap in 2024-25.
While not a sure thing, it’s a fair assumption that a slight increase in next year’s cap would mean further upscaling of 2027-28’s $113.5MM number as well. The percentage increase between the initial two figures for 2026-27 and 2027-28 was 9.1%. If that’s now based on an $107MM upper limit for 2026-27, the upper limit for 2027-28 could theoretically be near the $117MM range.
It’s great news for the 2026 free agent class, particularly since a good portion of its high-profile names have come off the market in the weeks leading up to this season. Kaprizov, Connor McDavid, and Kyle Connor have taken themselves off the market, leaving remaining headliners like Jack Eichel, Adrian Kempe, Martin Nečas, and Artemi Panarin even more room to cash in, whether that’s as a UFA or on an extension.
Good news for GMs that can’t get out of their own way, Drunken sailors on leave!
Better news for the players.
All this whining about salaries and the players are still well underpaid. The owners are profiting over and over from the players skills and are just cry baby billionaires. Cap should be $120 million minimum.
We’ll soon be approaching a time when no one making under six figures will be able to buy a ticket to a game, but good for the owners and players.
By that logic the NFL, NBA and the MLB struggle selling tickets.
Check out the TV contracts of those 3 leagues compared to the NHL plus ad revenues. Not even comparable.