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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.

Canadiens Reassign Rafaël Harvey-Pinard

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The Canadiens loaned winger Rafaël Harvey-Pinard to AHL Laval on Friday, according to a team announcement. They now have a pair of open roster spots, with PuckPedia reflecting that Emil Heineman was also transferred to injured reserve earlier in the week.

Harvey-Pinard, 26, made his season debut in Thursday’s shutout loss to the Wild. He posted zeroes across the board in 8:54 of ice time, recording one hit. Montreal was outshot 4-2 with him on the ice at even strength.

It was a quiet showing amid a quiet season for the 5’9″ winger. A broken leg sustained during offseason training kept him out of training camp and on the shelf until mid-November, when the Canadiens assigned him to the minors on a long-term injury conditioning loan. They opted not to reinstate him to the active roster when his loan was up and instead placed him on waivers to keep him in Laval long-term. That was a semi-risky move, considering he’s on an expiring contract at an affordable $1.1MM cap hit and had 14 goals and 20 points in only 34 games two seasons ago, but there were no takers on the wire.

Thirty-one other NHL teams made the right call. Harvey-Pinard has struggled since his late start to the season, scoring only four goals and seven assists for 11 points in 24 games with Laval. He’s on pace for easily the worst offensive showing of his five-year professional career, especially after he logged 31 points in 40 games in his last extended AHL stint in 2022-23.

The Habs recalled Harvey-Pinard last weekend as the Habs wanted an extra forward with Heineman on the shelf, but he sat twice as a healthy scratch before entering the lineup. His lack of NHL usage and disappointing minor-league play this season makes it unlikely that he’ll receive his $1MM qualifying offer from Montreal at the end of the season, making him an unrestricted free agent.

Heineman’s IR placement does not affect his return timeline. He hasn’t played since sustaining an upper-body injury as a pedestrian in a traffic action on Jan. 13 while the team was in Utah and is expected to remain out of the lineup for around another week.

Rangers’ Jimmy Vesey Unhappy With Lack Of Playing Time

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Rangers winger Jimmy Vesey has spent most of his time in the press box as of late after missing only three regular-season games for New York over the prior two seasons. The 31-year-old winger was candid with Larry Brooks of the New York Post (subscription required) on Thursday, telling him he “feels like I have no role or purpose on this team.”

“It seems that I have fallen out of favor and have just been cast aside over an extended period of time,” Vesey told Brooks. “I’m kind of dying by being here.”

Vesey is one of many Rangers veterans to see time in the press box this season amid difficult campaigns. He’s no longer a factor on the team’s penalty kill, due in part to starting the season on long-term injured reserve with a lower-body issue, and is thus averaging a career-low 10:04 per game when dressed. He hasn’t played in back-to-back games since the first week of January and last entered the lineup on Jan. 11 against the Golden Knights.

In 26 appearances this season between injuries and scratches, Vesey has three goals and an assist with a minus-two rating. He’s lost the physical edge that made him an effective bottom-six checker over the past few seasons, only recording 14 hits after averaging well over a hit per game between 2021-22 and 2023-24. His possession numbers have been middle of the pack on a Rangers team that struggles to control play at even strength, posting a 47.4 CF% and a -0.8 expected rating that actually ranks eighth among New York skaters with at least 10 games played.

The Blueshirts just haven’t clicked offensively with Vesey on the ice, though, making other options with comparable defensive metrics like Jonny Brodzinski and Arthur Kaliyev more preferred options in the lineup for head coach Peter Laviolette. The Rangers have scored just 1.6 goals per 60 minutes with Vesey on the ice at even strength, the worst such figure on the club.

But the lack of playing time isn’t helping the pending UFA’s confidence. He told Brooks that he’s had disagreements with Laviolette about how his extended run as a healthy scratch is affecting the likelihood of him landing a contract elsewhere on the open market this summer. “It’s the anxiety of not having a contract and feeling like this might be the end. [Laviolette] doesn’t necessarily agree with that.”

Vesey declined to say whether he’s submitted a trade or waivers request to general manager Chris Drury, saying that he loves being a Ranger “but I know I’m unhappy and don’t see this changing. I know I have value to teams in this league, I know I could help teams.”

The Rangers wouldn’t have any trouble moving Vesey, who’s in the back half of a two-year, $1.6MM deal with an $800K cap hit that could easily be waived and buried in the minors if he doesn’t work out with a new club. He’s coming off back-to-back seasons of significant PK usage with 10-plus goals, which is sure to draw intrigue from other teams with no financial downside.

Capitals Working On Extension With Charlie Lindgren

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After getting a six-year, $35.1MM contract done with pending UFA netminder Logan Thompson on Monday, the Capitals are looking to keep the other half of their goaltending tandem from reaching the open market. Washington is working on an extension with Charlie Lindgren with a cap hit between $3.5MM and $4MM, Kevin Weekes of ESPN said Thursday night.

If past reports indicate, we’ll likely see the official word on a Lindgren extension within the next week. Things moved quickly after Pierre LeBrun of TSN and The Athletic reported last Friday that the Caps were increasing their efforts to reach a deal with Thompson. LeBrun said earlier in the month that the Capitals were wary of disrupting team chemistry by leaving one without an extension for too long, so it’s not surprising that Washington general manager Chris Patrick is quickly looking to get business wrapped up with Lindgren.

Lindgren is now set to earn more in a single season on his next deal than the total value of any of his previous NHL contracts, putting him in the same company as Thompson. Both began their professional careers as undrafted free-agent signings, but it took much longer for Lindgren to establish himself as an everyday NHL option. Now 31, Lindgren was a standout netminder at St. Cloud State University over a three-year run from 2013 to 2016 and landed an entry-level contract with the Canadiens as his junior year ended.

The Minnesota native made his NHL debut for the Habs to close out the year before spending most of the next five seasons as their No. 3 option, logging significant time in the AHL for their affiliates in St. John’s and Laval. His numbers started strong – he put up a .914 SV% in 48 games in his first AHL season and earned an All-Star Game appearance as a rookie. Things quickly went downhill from there, though. Lindgren failed to record a save percentage above .900 in each of the subsequent four campaigns, at least at the minor-league level. He’d gotten call-ups to Montreal every year and had a decent but unimpressive for the time .907 SV% and 3.00 GAA in 24 starts, paired with a 10-12-2 record over parts of five seasons.

Lindgren spent most of the shortened 2020-21 campaign on the Canadiens’ taxi squad, only making three AHL appearances for Laval. But after failing to land an everyday NHL role over the life of a three-year, $2.25MM extension he signed in 2018, he understandably opted not to return to Montreal upon reaching unrestricted free agency that summer. He headed west on his next deal, landing a two-way offer from the Blues on the open market.

St. Louis breathed new life into Lindgren’s game. It was more the organization at large – he spent most of his time on assignment to their AHL affiliate in Springfield, Massachusetts, where he exploded as one of the league’s top netminders with a 2.21 GAA, .925 SV%, three shutouts, and a 24-7-1 record in 34 games. He was also lights out in his few call-ups to the Blues, allowing just five goals on 118 shots (.958 SV%) in four starts and one relief appearance while compiling a spotless 5-0-0 record.

That led to renewed optimism that Lindgren could be an everyday NHL option, and the Capitals gave him a three-year, $3.3MM commitment to prove it in Washington. His first year was unimpressive, posting a .899 SV% and 3.05 GAA in 31 appearances as Darcy Kuemper’s backup as the Caps missed the playoffs for the second time since 2007. However, the 2023-24 season amounted to Lindgren’s big break. He stole the starter’s crease from Kuemper midseason, tying for the league lead with six shutouts and complementing that with a .911 SV% and 2.67 GAA in 48 games. He finished eighth in Vezina Trophy voting and 12th in Hart Trophy voting as Washington snuck into the playoffs. Although they were quickly dispatched in four games by the Presidents’ Trophy-winning Rangers, he started all of them over Kuemper, who had won a Stanley Cup with the Avalanche two years prior.

While Lindgren won’t be in Vezina consideration this season after firmly slipping behind Thompson on the depth chart, he’s still been an above-average tandem option. His .904 SV% and 2.51 GAA through 23 games are the exact numbers you’d expect from the median netminder given the defense in front of him, per MoneyPuck. Last season’s numbers were more than likely a flash in the pan. Still, he’s given the Capitals enough sample to prove he can be a reliable 1B option with Thompson, who’s quietly put up numbers akin to some of the league’s most highly-touted netminders over the last three seasons.

The Caps will have their goalies locked in for the next few seasons at a combined cap hit in the $9MM range, less than what elite established starters are beginning to earn on their own per season. That’s good business from Patrick as he now turns his attention toward the team’s extensive slate of other pending UFAs, including defenseman Jakob Chychrun and reliable depth center Nic Dowd.

Flames, Flyers Swap Andrei Kuzmenko, Joel Farabee

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Jan. 31: Both teams officially announced the swap late last night. It’s the Flames’ own 2025 second-rounder and their 2028 seventh-rounder heading to the Flyers.

Jan. 30: The Flames and Flyers are working on a trade that will send winger Andrei Kuzmenko to Philadelphia, per Frank Seravalli of Daily Faceoff. Elliotte Friedman of Sportsnet adds that winger Jakob Pelletier is heading to the Flyers as part of the swap. Heading Calgary’s way in return are forwards Joel Farabee and Morgan Frost, Seravalli reports. Friedman adds that the Flyers were on Kuzmenko’s 12-team no-trade list, but he waived the clause to make the move happen. Finally, Seravalli reports a second-round and seventh-round pick are headed to the Flyers along with Pelletier and Kuzmenko to complete the trade.

To put things plainly, Kuzmenko is a pending unrestricted free agent needing a change of scenery. The soon-to-be 29-year-old has struggled to stay in the lineup this season despite a $5.5MM cap hit. While he missed some time due to a lower-body injury in December, he was recently a healthy scratch for a three-game stretch and has been limited to 37 of Calgary’s 49 games overall. In those appearances, the Russian sniper is averaging just over one shot on goal per game and has converted at a career-worst 10.3% rate, working out to only four goals and 11 assists for 15 points.

That dip in production is evidence of the 5’11” winger’s inconsistency, but he’s shown flashes of proper top-six play since arriving in the NHL as an undrafted free agent signing by the Canucks in 2022. He erupted for 39 goals and 74 points in his rookie season while playing primarily on Elias Pettersson’s wing, shooting at a league-high 27.3% and averaging over 16 minutes per game with strong possession metrics (52.9 CF%, 55.2 xGF% at even strength).

Kuzmenko landed a rich two-year, $11MM extension midway through his rookie campaign as a result of his efforts, but it’s been marred by up-and-down play. His production dropped to eight goals and 21 points through the first 43 games of the 2023-24 campaign before he was sent to Calgary in the deal that sent Elias Lindholm to the Canucks. He rediscovered his sharp-shooting ways after the move to Alberta, ending the season with 14 goals and 11 assists for 25 points in 29 appearances. He was the second-most productive Flames forward after the swap on a per-game basis, trailing only Nazem Kadri (36 points in 33 games).

But as in Vancouver, Kuzmenko hasn’t been able to carry his production over into year two with his new club. His minus-seven rating ranks fourth-worst on the team, but possession metrics paint a much rosier picture. His 53.6 CF% at even strength is sixth on the team and fourth among forwards, while his expected +1.9 rating is fifth. He’s not generating nearly enough individual offense to make his strength as a scorer shine through, but he’s not been a meaningful liability away from the puck, either.

Philly picks up an inconsistent but high-ceiling option on the wing in Kuzmenko, and they pick up a similar but younger archetype in Pelletier. Selected in the first round by the Flames in 2019, he’s only just beginning to break through as an impact NHLer. The 23-year-old has only 10 points in 37 career appearances entering the season and even cleared waivers on his way down to the minors at the beginning of the season. He’s gotten more chances in the NHL lineup as the campaign has progressed, though, and has earned an everyday role in the lineup over the last six weeks.

Since first being recalled at the beginning of December, Pelletier is tied for sixth on the Flames in scoring with 11 points (4 G, 7 A) in 23 games. He also has a team-high +10 rating during that span despite averaging only 12:57 per game. There’s significant upside with both players, especially if thrust into consistent top-six roles.

The Flyers also open up some long-term flexibility by dealing Farabee, who’s had similar struggles to Kuzmenko this season, to Calgary. He costs slightly less than Kuzmenko against the cap – $500K, to be exact – but is signed through the 2027-28 campaign. Philadelphia will get out of Kuzmenko’s deal in a few months and also open up short-term cap space by swapping the $2.1MM Frost for a six-figure Pelletier.

Farabee has a much longer NHL track record than Kuzmenko despite being four years younger, but he’s also failed to flash the ceiling Kuzmenko has. His career-highs only check in at 22 goals and 50 points, both set last season while skating in all 82 games for Philadelphia. The 2018 first-rounder has 90 goals and 201 points in 383 career outings for the Flyers since entering the league six years ago.

At 24 years old (25 in a few weeks), Farabee fits the Flames’ retooling timeline better than Kuzmenko, and even if his $5MM cap hit is steep for his inconsistent production, he’s cost-controlled in the event he breaks out. This season has been difficult for Farabee, who’s shooting at a career-worst 8.1% and has eight goals with 11 assists for 19 points through 49 games. That’s the worst point-per-game pace of his career by a decent margin, and his possession impacts are also among the worst on the Flyers. While the cost control could be a gift if he returns to a 50-point pace in top-nine minutes, Calgary is taking on a significant amount of risk with three more seasons left on his contract.

They do pick up a promising young center in Frost, matching the type of player general manager Craig Conroy has been looking to acquire since their hot start to the season. Calgary was among the teams to check in with the Sabres on Dylan Cozens’ availability, Pierre LeBrun of TSN and The Athletic said a couple of weeks ago, but Frost is a much lower-risk option contractually as a pending restricted free agent with a $2.4MM qualifying offer.

Frost, 25, was a first-rounder in 2017 and ranks fifth on the Flyers in scoring with 25 points (11 G, 14 A) through 48 games. He was an eyebrow-raising healthy scratch on a few occasions early in the season but has played every game since Nov. 23. He’s on pace to produce in the 40-50 point range for three years straight now, averaging north of 15 minutes per game and steadily improving in the faceoff circle. His 51.6% win rate on draws this season is a career-high and immediately ranks tops among Flames with at least 100 attempts this season.

The Flames ended up with a net cap gain of $800K in the swap, a negligible figure considering they entered the night with nearly $44MM in current space, per PuckPedia. No corresponding transactions will be required to execute the deal with an equal number of roster players changing hands, either.

Images courtesy of USA Today Sports.

David Pagnotta of The Fourth Period was the first to report the Flames were sending draft picks to the Flyers to complete the deal.

Connor Murphy Nearing A Return From Injury

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Chicago Blackhawks defenseman Connor Murphy will likely be in and out of the lineup for the next little while as he tries to work his way back from osteitis pubis (as per Ben Pope of the Chicago Sun-Times). Osteitis pubis is an inflammation in the joint between the left and right pubic bones and typically causes pain and swelling in the groin or lower abdomen.

Murphy hasn’t played since New Year’s Eve when he suited up for the 2025 NHL Winter Classic and has been dealing with the ailment dating back to last season when he missed 38 games.

Pope writes that Murphy feels he could return to game action in the near future, however, doctors don’t share his sentiments and believe that he will struggle to play without interruptions. Murphy has dealt with injuries throughout his career, playing more than 70 games just twice since 2017.

The 31-year-old was on pace for the best offensive season of his career before the injury, posting a goal and 12 assists in 38 games. His overall play has improved this season compared to the previous few years, even though his deployment has remained difficult.

Given where the Blackhawks are in the standings, they would likely have shopped the 12-year NHL veteran, but now with the uncertainty surrounding Murphy’s health, it is likely his trade value has dropped which could mean he remains with the Blackhawks until the end of the season.

Hudson Fasching Loaned To AHL On Conditioning Stint

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The New York Islanders have loaned forward Hudson Fasching to the Bridgeport Islanders of the AHL on a conditioning stint (as per Stefen Rosner of The Hockey News). The 29-year-old Fasching hasn’t seen NHL action since January 5th against the Boston Bruins and has dressed in just 19 games this year after suiting up in 45 NHL games last season.

When he has been in the lineup, Fasching has been used sparingly, averaging just 8:56 of ice time per game. This season has been a struggle for him, as he has yet to score, posting a -6 plus/minus and a CF% of 44.9% at even strength. Fasching has never been an offensive force in the NHL; however, in the previous two seasons with the Islanders, his numbers were considerably better, combining for 14 goals and 19 assists in 94 games.

In the AHL this season, the Milwaukee, Wisconsin native has had better luck offensively, posting a goal and an assist in five games. With his conditioning loan, he will have an opportunity to add to his numbers and hopefully regain some confidence before getting back into NHL action.

Fasching is in the final year of a two-year contract and will be playing for his NHL career whenever he is called back up. He’s unlikely to receive much NHL interest in free agency this summer, however, a solid run down the stretch would certainly help him land a contract for next season.

Golden Knights Recall Cal Burke

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The Vegas Golden Knights have recalled forward Cal Burke from the Henderson Silver Knights of the AHL and he will play tonight when Vegas takes on the Columbus Blue Jackets (as per Adam Hill of the Las Vegas Review-Journal). The 27-year-old had a brief stint with the Golden Knights in November, dressing in six games and notching a single goal while averaging 11:04 of ice time per game. The Golden Knights heavily sheltered Burke’s minutes at the time, giving him offensive zone starts in nearly 80% of his shifts.

Burke’s recall will push another recent recall Raphael Lavoie to the left side and allow him to play on the third line, while Burke is expected to play right wing on the fourth line alongside Tanner Pearson and Brett Howden.

The recall also pushes Jonas Rondbjerg to the bench after he played very well a few nights ago. Rondbjerg is pushing up against his waiver-exempt games limit which may have factored into the decision. While he played well, Rondbjerg hasn’t had any offensive impact this season with zero points in nine games, and Vegas may be looking elsewhere to see if another player can provide an immediate impact.

Burke is having a poor offensive season in the AHL compared to previous years, his seven goals and six assists in 34 games represent a significant drop from last season’s numbers when he had 39 points (16 goals and 23 assists) in 57 games.

Philadelphia Flyers Recall Adam Ginning

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Defenseman Adam Ginning will make his season debut for the Philadelphia Flyers after the team announced his recall from their AHL affiliate, the Lehigh Valley Phantoms. Ginning is expected to replace veteran defenseman Erik Johnson in the lineup as the Flyers face off against the New York Islanders this evening.

Shortly after Philadelphia’s announcement, Charlie O’Connor of PHLY Sports quickly contextualized Johnson’s absence for tonight’s game. O’Connor stated that the Flyers never intended for Johnson to play in any back-to-back games this year although he did suit up in the back-to-back against the Vancouver Canucks and Calgary Flames to start the season.

Philadelphia selected Ginning in the second round of the 2018 NHL Draft but he didn’t begin playing for the organization until the 2022-23 season. He’s primarily played for AHL Lehigh Valley collecting six goals and 39 points in 168 career games.

He’s already appeared in 10 games for the Flyers dating back to the 2022-23 season. He’s tallied one goal in those ten contests and has posted impressive possession numbers and physicality albeit in a small sample size.

That’s exactly what will be expected of him tonight and in the future should he have any staying power in Philadelphia’s lineup. There’s no question the Flyers are a physical team with 980 hits delivered already this year and Ginning should only help increase that total.

Shawn Simpson Passes Away At Age 56

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Shawn Simpson, a long-time member of the Ottawa Senators radio broadcast booth with TSN, has tragically passed away at 56, as the team announced.

Simpson entered professional hockey in the 1986 NHL Draft when the Washington Capitals selected him with the 60th overall pick. Unfortunately, besides two playoff games as a backup netminder, Simpson never played in the NHL with the Capitals and retired relatively quickly after the 1990-91 season.

He remained with the Capitals organization as a color commentator for several years while pursuing his education at Georgetown University. It was not until the 1993-94 season that Simpson transitioned into Washington’s front office to become a professional scout.

The Capitals promoted Simpson to director of hockey operations ahead of the 1997-98 season. Alongside general manager George McPhee, Simpson helped steer Washington to their first Stanley Cup Final appearance in franchise history that spring.

Simpson continued as the Capitals’ director of hockey operations until the 2003-04 season when he decided to move closer to his hometown. He spent four years as a professional scout for the Toronto Maple Leafs before ending his tenure in the front office.

After spending many years away from his hometown of Gloucester, Ontario, Simpson joined TSN in 2012 as the co-host of “The Drive” radio show and as an on-air personality for Ottawa’s post-game broadcasts. In 2013, he transitioned to a new show called “Mornings” and continued to collaborate closely with the Senators organization.

In 2023, Bell Media, the controlling owner of TSN, ended its contract with Simpson. However, he remained a significant figure in Ottawa and with the Senators until the dreadful news broke this morning.

We at Pro Hockey Rumors send our condolences to Simpson’s family, friends, and peers.

Pro Hockey Rumors is not affiliated with National Hockey League, NHL or NHL.com

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