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Bettman/Daly Notes: CBA, Olympics, AHL

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NHL Commissioner Gary Bettman and Deputy Commissioner Bill Daly held a joint press conference ahead of the first game of the 2025 Stanley Cup Finals. They touched on a variety of league topics, most notably sharing that the league continues to progress well towards a new collective bargaining agreement (CBA) with the NHL Players’ Association. The pair shared that CBA negotiations are in “good shape” per Sportsnet’s Elliotte Friedman. Pierre LeBrun of The Athletic adds that they weren’t yet ready to call the deal close to final.

The NHL is a year out from needing to finalize a new CBA. Early momentum could point towards minimal changes in the next agreement, though the league did comment on a few potential changes. Daly and Bettman said they weren’t concerned about tax differential influencing player’s signing decisions. Later, NHLPA Assistant Executive Ron Hainsey shared that the league could reform the long-term injured reserve to avoid late-season manipulation. Both topics have grown to a roar over recent years, in light of repeated success for the Vegas Golden Knights and the pair of Florida-based teams.

Other notes from Bettman and Daly’s presser:

  • Daly confirmed that the league isn’t expecting Russia to participate in the 2026 Winter Olympics. The country was previously barred from participation at the 2024 Summer Olympics, though athletes were still able to participate under the category of “individual neutral athletes”. Russia’s Men’s Hockey team took home silver at the 2022 Winter Olympics, and gold in 2018, though the NHL did not send players to either competition. With this news, fans will have to wait even longer to see Russian stars take on Olympic competitors. The last time that superstars like Alex Ovechkin and Evgeni Malkin appeared at the Olympics was in 2014. Russia achieved a fifth-place finish that year.
  • Daly also shared that the league is considering opening AHL eligibility to teenagers in the next CBA, per Ryan Kennedy of The Hockey News. The Deputy Commissioner added that the NHL is discussing the change with the NHLPA, and has given advance notice to the CHL – though the dialogue is ongoing. Junior hockey is presently under a monumental shift after the NCAA expanded collegiate eligibility to CHL athletes. Early winds from the decision appear to be pushing major juniors to a younger demographic – momentum that would only seem to grow should the NHL and AHL give players even more options after their draft years.

Daly: NHL, NHLPA Have Made “Good Progress” On CBA Talks

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The 2025-26 NHL season is the last one under the current Collective Bargaining Agreement, which has been in place since the 2012 lockout and was extended/modified in 2020. The relationship between the league and the NHLPA has been on solid footing since the latter appointed former U.S. Secretary of Labor Marty Walsh as its executive director, and reporting throughout the past few months indicated negotiations on a new CBA were expected to go smoothly, avoiding the fourth work stoppage of commissioner Gary Bettman’s tenure.

CBA talks started at the beginning of April and are “well underway,” NHL deputy commissioner told Pierre LeBrun of The Athletic in a recent phone interview (article link). Daly added waiting until the expiry of the current agreement in September 2026 to announce a new CBA is “well beyond the window that I’m thinking… I would like to think that we’ll have a successful conclusion at some point in the not-too-distant future.”

Unsurprisingly, Daly wasn’t eager to divulge too many details about what the agreement will actually look like. However, he did highlight some areas in which to expect significant changes from current operations when pressed by LeBrun.

The storyline dominating this round of CBA talks was always going to be the future of rules regarding long-term injured reserve usage, particularly teams being able to add notable injured players to the postseason roster after they spent the entire regular season giving their club cap relief while on LTIR. Daly confirmed that it’s been a central point of discussions with the NHLPA and that “we’ve made progress toward getting to a good resolution on that issue.” What that resolution looks like – either a playoff salary cap or postseason roster eligibility restrictions based on regular-season LTIR stints – is unclear.

On the topic of expansion, Daly clarified the league’s position that they’re not close to adding a club and don’t plan on opening a formal expansion process. While the league isn’t soliciting bids, the current approach is “much more of a one-on-one conversation and relationship we have with various potential owners,” Daly said. He also called the watering down of talent by adding too many clubs “not even a minor concern” in the league’s eyes, given the game’s skyrocketing registration numbers in the United States and in Europe.

And while the league hasn’t officially put pen to paper on the agreement to send its players to the 2026 Winter Olympics in Milan, that’s purely been due to timeline and procedural issues. Daly reiterated “definitively” that NHL players will participate in the event for the first time in 12 years, and the plan to run World Cups of Hockey every two years between Winter Olympics remains in place.

Snapshots: Robertson, Dorofeyev, Bastian, Okposo

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A key Stars winger is getting closer to returning to their lineup.  Head coach Peter DeBoer told reporters including Lia Assimakopoulos of the Dallas Morning News that Jason Robertson has been upgraded from being out week-to-week to out day-to-day.  The 25-year-old had his third straight season of at least 80 points this year, hitting the mark exactly but suffered a leg injury in the final game of the regular season.  Robertson has been skating away from the team alongside injured blueliner Nils Lundkvist (who is still a long way from returning from shoulder surgery) and it appears he is progressing well in his recovery.

Elsewhere around the hockey world:

  • The Golden Knights were without winger Pavel Dorofeyev for tonight’s game against Minnesota and he is listed as day-to-day, relays Jesse Granger of The Athletic (Twitter link). The 24-year-old had a breakout year, tallying 35 goals in the regular season but left Tuesday’s game late due to an undisclosed injury.  Victor Olofsson returned to the lineup to take Dorofeyev’s spot on the wing.
  • Speaking with reporters today (video link), Devils winger Nathan Bastian addressed his upcoming free agency. Eligible to test the open market for the first time, the 27-year-old indicated that his preference is to remain with New Jersey.  However, coming off a down year that saw him record just 10 points in 59 games, he might have to take a small dip in pay from his $1.35MM current deal to do so.  The team only has around $12MM in cap room for next season per PuckPedia with defenseman Luke Hughes likely to take a big chunk of that.  Accordingly, the Devils may need to keep their final few roster spots closer to the minimum salary and with Bastian logging under 11 minutes a night for the last two years, he likely falls in that category.
  • The NHLPA announced that they have hired long-time NHL winger Kyle Okposo as a Business Development and Player Engagement Advisor. Okposo played in over 1,000 career NHL games over parts of 17 seasons, recording 242 goals and 372 assists before ending his career after winning the Stanley Cup with Florida.  This won’t be Okposo’s first time working with the NHLPA as he was part of their Executive Board while playing and was also on the Executive Director Search Committee that eventually led to Marty Walsh being hired.

Nikita Kucherov, Nathan MacKinnon, Cale Makar Named Ted Lindsay Award Finalists

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Lightning winger Nikita Kucherov and Avalanche superstars Nathan MacKinnon and Cale Makar have been named the Ted Lindsay Award finalists for the 2024-25 season, the NHLPA announced today. The Lindsay Award is given to the league’s most outstanding player as voted on by his peers.

Now in his 11th NHL season, Kucherov became the 10th player in league history with three or more scoring titles. He’s the first player with back-to-back Art Ross Trophies not named Connor McDavid since Jaromír Jágr won four straight from 1998 to 2001. He finished the campaign with 37 goals, 84 assists, and 121 points in 78 games, not quite sniffing last year’s career-highs across the board but still leading the league in assists and points.

If Kucherov wins, it’ll be his second Lindsay after winning it alongside his first Art Ross-winning season in 2018-19. He’s also just the fourth player in league history to record three consecutive 80-assist seasons, joining Paul Coffey, Wayne Gretzky, and Bobby Orr.

It’s rare to see two players from the same club nominated for the same award, but the wording of “most outstanding” as compared to “most valuable” in the Lindsay fine print opens up the opportunity for this award compared to the media-voted Hart Trophy for league MVP. MacKinnon could be the first back-to-back winner of the Lindsay since McDavid in 2016-17 and 2017-18. He tied Kucherov’s league-leading 84 assists this year and added 32 goals in 79 games in what was a down season for him in the shooting department. MacKinnon’s sky-high 22:47 average time on ice per game led all forwards this year, and he led the league in shots on goal (320) for the fourth time in his 12-year career. MacKinnon totaled 116 points for his third straight season above the century mark.

As for Makar, he was announced as a Norris Trophy finalist just yesterday for the fifth time in his six-year NHL resume. He registered a career-high 30 goals and 92 points in 80 games to lead NHL defensemen, now poised to take home the Defenseman of the Year award for the second time while potentially adding a Lindsay to his trophy case. He faces some extremely long odds, though. A defenseman has only won the Lindsay once since it was introduced as the Lester B. Pearson Award in the 1970-71 campaign – Orr took it home in 1974-75. Carey Price (2014-15) is the only non-forward to win it in the last 28 years.

NHL Announces 2028 World Cup Of Hockey

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With the start of the 4 Nations Face-Off just hours away, it seems the NHL is already establishing plans to deepen its international footprint. NHL commissioner Gary Bettman and NHLPA Executive Director Marty Walsh have plans to announce the 2028 World Cup of Hockey tournament that’d split games between North America and Europe, per Pierre LeBrun of The Athletic. The World Cup will be a mid-season tournament scheduled over the usual All-Star Break, like the 4 Nations Face-Off. LeBrun adds that this news sets up international, best-on-best hockey every two years until 2036 – with hope for a timeline that includes the Winter Olympics in 2026, 2030, and 2034 and the World Cup in 2028, 2032, and 2036.

Perhaps more exciting is the return to the name ’World Cup,’ suggesting that more countries will be involved than the four represented at the 4 Nations tournament. This would inevitably require the involvement of professional leagues around the world, as neither Czechia nor Slovakia have enough NHL players to staff an NHL-exclusive roster.

The naming of a worldwide tournament will also lead to the eventual question of Russia’s involvement. The country has been expelled from international play since the 2021 World Championship, where they fell to Team Canada in the quarterfinals. The IIHF recently reviewed Russia and Belarus’ eligibility for international competition but chose to maintain the expulsion through the 2025-26 season due to the ongoing conflict between Russia and Ukraine. Hall-of-Famer Pavel Bure was chosen to represent Russia in recent conversations with the IIHF and, citing concerns over player safety, shared that Russia would be willing to finance additional security if it meant allowing “fans across the planet to watch one of the world’s best teams in action again.”

The IIHF’s decision will only apply to events they sanction – that decision only applies to IIHF-sanctioned events, and both the NHL and International Olympic Committee will still need to make their own decisions on whether Russia should play in their events. The NHL moving towards potentially biannual meetings between national clubs sets up an inevitable, and potentially precarious decision on Russia’s eligibility.

Ryan Hartman To Appeal Ten-Game Suspension

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Wild forward Ryan Hartman had until today to decide if he’d file an appeal of the ten-game suspension handed down by the league on Monday.  He has elected to do so as the NHLPA announced (Twitter link) that they have filed an appeal on Hartman’s behalf today.

The incident occurred on Saturday versus Ottawa.  Off a faceoff, Hartman drove Tim Stutzle face-first into the ice.  He received a match penalty on the play and after being offered an in-person hearing, was given the ten-game ban, the fifth suspension of his career.  As a result, he forfeits more than $487K in salary as he qualifies under the repeat offender (meaning he’s fined ten games’ play, not ten days’ pay).

Hartman will remain under suspension during the appeal process.  While it often takes longer than the duration of the appeal for it to be heard (meaning the appeal is primarily an attempt to recover some of the lost wages), that might not be the case for Hartman.  With the NHL heading for a break next week due to the 4 Nations Face-Off, it’s quite possible the appeal will be heard during that time when he’ll have only missed three of the ten games.

This appeal will be heard by Commissioner Gary Bettman whose role will be to determine whether the decision was supported by clear and convincing evidence.  If Hartman’s suspension is upheld or is reduced but remains six games or longer, Hartman can further appeal to a neutral arbitrator who would then have the final say.

NHL, NHLPA Release Salary Cap Figures Through 2027-28

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The NHL and NHLPA have released updated salary cap estimates for the next three seasons, Elliotte Friedman of Sportsnet reports Friday. After initially being estimated to rise from the current $88MM ceiling to $92MM for the 2025-26 campaign, it’ll jump to a $95.5MM upper limit next season. Upper limit estimates for the 2026-27 and 2027-28 seasons have been set at $104MM and $113.5MM, respectively. However, Frank Seravalli of Daily Faceoff reports that the memo sent to teams by the league today is indicative of a set agreement on figures for the next three years, not an estimate of projection, although they are still subject to “potential minor adjustments (up or down).”

In addition to this summer’s major jump, these numbers indicate a steady escalation in year-over-year increases in the cap ceiling. There will be a $7.5MM difference in upper limits between the 2024-25 and 2025-26 campaigns, an $8.5MM difference between 2025-26 and 2026-27, and $9.5MM between 2026-27 and 2027-28. That’s around a 9% jump per year on average, up significantly from the roughly 5% jump we’re used to in recent seasons outside of the COVID-related cap freeze.

Increases in cap ceilings also mean big jumps in the minimum a team can spend while still being compliant. The cap floor will rise from $65MM this season to $70.6MM in 2025-26, $76.9MM in 2026-27, and $83.9MM in 2027-28. The lower limit is tied directly to the upper limit – the floor is always set at 85% of the midpoint, with the ceiling always equaling 115% of the midpoint.

The league minimum salary, currently set at $775K, is independent of the salary cap and will need to be set during CBA negotiations, which are set to begin next month. It will remain at $775K for next season, the last under the current CBA.

As agents continue to negotiate new deals for their players based on cap hit percentage at the time of signing instead of actual dollar value, both elite and mid-range free agents in the coming seasons stand to benefit massively. A $5MM cap hit today is 5.68% of the $88MM upper limit, which will be equivalent to $5.4MM, $5.9MM, and $6.4MM over the coming three years. For higher-priced talents, a $10MM AAV deal today will work out to $10.9MM in 2025-26, $11.8MM in 2026-27, and $12.9MM in 2027-28.

The early confirmation and unprecedented move to issue official cap numbers multiple years in advance means more negotiating power for top UFAs-to-be, whether that’s Mitch Marner and Mikko Rantanen on this year’s market, Connor McDavid and Kirill Kaprizov in 2026, or Quinn Hughes and Cale Makar in 2027. Next year’s immediate $7.5MM jump will be the largest year-over-year increase in the salary cap era, breaking the record set by the $6.4MM jump between the 2007-08 and 2008-09 campaigns.

NHL Expected To Announce Next World Cup Of Hockey

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TSN’s Darren Dreger is reporting that the NHL and the NHLPA intend to move forward with a 2028 World Cup of Hockey without the involvement of the International Ice Hockey Federation. Both the league and the players’ union are hopeful they can make an announcement at the upcoming 4 Nations Face-off that will take place from February 12th – February 20th in Boston and Montreal.

The NHL players have not participated in an international tournament (outside of the IIHF World Championships) since the 2016 World Cup of Hockey but could conceivably have three international tournaments in the next four years if you include the 2026 Winter Olympics in Italy.

A 2028 World Cup of Hockey would be the fourth time the tournament has taken place with the last three happening in 1996, 2004, and the aforementioned 2016. The last World Cup took place in Toronto and was won by Canada with Sidney Crosby taking home the tournament MVP. Eight teams participated in the tournament alongside Canada (the United States, Finland, Czechia, Russia, Sweden, and two all-star teams). A future World Cup of Hockey would likely follow a similar template.

If the IIHF remains on the sidelines for the 2028 World Cup of Hockey, it will mean that the NHL will have the final say on who will be able to participate in the tournament.

Deferred Payments In Jeopardy In Upcoming CBA Discussions

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The NHL and NHLPA are expected to discuss removing the option for teams and players to structure contracts with deferred payments when they begin negotiating a new Collective Bargaining Agreement next month, Pierre LeBrun of TSN and The Athletic reported Tuesday.

Deferring part of a contract’s total value until after its expiry to earn a discount on a player’s cap hit has been legal since the 2004-05 lockout, which signaled the beginning of the salary cap era. However, it was used incredibly rarely until the past few months. Four players—the Hurricanes’ Jaccob Slavin and Seth Jarvis, the Maple Leafs’ Jake McCabe, and the Ducks’ Frank Vatrano—have accepted deferred compensation as part of new contracts or extensions since July 1.

Vatrano’s extension, a three-year, $18MM commitment that carries just a $4.57MM cap hit compared to $6MM without deferred compensation, has taken the most advantage of the rule. It’s the first of the four to defer base salary, not just signing bonus money, and he’ll only earn half of the money over the contract’s life. The other $9MM will be paid out in 10 yearly checks of $900K from 2035 onward. During that time, Vatrano anticipates retiring in Florida and will not pay California state income tax on the money.

However, as LeBrun relayed, most player agents aren’t suggesting this strategy for their clients. Octagon’s Allan Walsh put up a brief explainer of why it’s not always a tax-saving measure in the long run, although LeBrun countered with the supposition that Vatrano wouldn’t have earned as much total cash by not using deferred compensation.

The league determined that Vatrano’s deal was compliant with the deferred compensation rule as written, but “that shouldn’t be interpreted as the league being a big fan of it or deferred payments in general,” LeBrun said. He adds the NHLPA has historically opposed deferred payments – the value of money paid later is almost always lower than money earned in the present due to inflation – creating an environment for both parties to close the door on that contract structure when the next CBA goes into effect for the 2026-27 season.

Avalanche’s Valeri Nichushkin To Return On Friday

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The Colorado Avalanche are prepared to welcome winger Valeri Nichushkin back to the game lineup in their Friday matchup against the Washington Capitals, head coach Jared Bednar shared with media including Jesse Montano of Guerilla Sports. Nichushkin hasn’t played since being placed into Stage 3 of the NHL/NHLPA Player Assistance Program on May 14th, which included with a six-month suspension from team activity and pay. The Stage 3 placement also required Nichushkin to submit an application to be considered for reinstatement at the end of his suspension. He returned to Denver in early October and rejoined the team’s practices in early November. He’s eligible to return to the lineup on November 13th, though Colorado will seemingly choose to push that return back a couple of days.

Nichushkin entered the Player Assistance Program square in the middle of Colorado’s second-round series against the Dallas Stars in last season’s Stanley Cup Playoffs. He was playing at an all-time high at the time, with nine goals and 10 points through eight postseason games. Colorado would ultimately relinquish the series to Dallas with a two-overtime loss in Game 6.

Nichushkin has been a welcome gift on the ice. He’s carved out a considerable top-six role since joining Colorado via waivers in 2019, proving capable of both routine scoring and great off-puck habits. Those traits have helped Nichushkin routinely rival the 25-goal and 50-point marks in each of the last three seasons, even despite totaling 77 missed games in that span. He’s been even better in the postseason, scoring 15 points in 20 games during Colorado’s run to a 2022 Stanley Cup win, and was one of only five Avalanche to score above a point-per-game pace in last year’s postseason.

That production has made it all the more difficult for Colorado to deal with Nichushkin’s routine absences. He’s hit every hole in the road, being forced out by multiple upper-body injuries across 2021, 2022, and 2023; and was sat by the team for the final five games of their 2023 Stanley Cup playoffs for personal reasons. Nichushkin has become a contentious player, but head coach Bednar spoke positively about his return to the lineup, saying: “[His process back has] been great. I think the guys are excited to get him back, and Friday is the day. We’re only two games away.” Nichushkin had 13 points in the final 15 games of the 2023-24 regular season, and will look to quickly pick up from where he left off.

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