{"id":442456,"date":"2024-06-08T19:16:08","date_gmt":"2024-06-08T23:16:08","guid":{"rendered":"https:\/\/lastwordonsports.com\/hockey\/?p=442456"},"modified":"2024-06-08T19:51:48","modified_gmt":"2024-06-08T23:51:48","slug":"the-league-has-positive-news-on-the-2024-25-salary-cap-front","status":"publish","type":"post","link":"https:\/\/lastwordonsports.com\/hockey\/2024\/06\/08\/the-league-has-positive-news-on-the-2024-25-salary-cap-front\/","title":{"rendered":"The League Has Positive News on the 2024-25 Salary Cap Front"},"content":{"rendered":"<p>It&#8217;s the day of the <a href=\"https:\/\/lastwordonsports.com\/hockey\/\" target=\"_self\">NHL<\/a>&#8216;s Stanley Cup Finals and the league took this opportunity to make an exciting league news announcement. It was announced today that the NHL&#8217;s salary cap for the 2024-25 season will be $88 million. This is a little higher than the previously speculated number of $87.7 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Hearing <a href=\"https:\/\/twitter.com\/hashtag\/NHL?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">#NHL<\/a> salary cap upper limit next season will be $88 million &#8211; a slight rise from the $87.7 million figure called for in the CBA\u2019s MOU.<\/p>\n<p>&mdash; Frank Seravalli (@frank_seravalli) <a href=\"https:\/\/twitter.com\/frank_seravalli\/status\/1799554757926756818?ref_src=twsrc%5Etfw\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">June 8, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>The 2024-25 NHL Salary Cap Will Be $88 Million<\/h2>\n<p>The salary cap will go up to $88 million in 2024-25. We may recall the salary cap only made its debut in the NHL for the 2005-06 season. Furthermore, that season the cap was at $39 million. As you can imagine, the salary cap being that low caused the top players&#8217; salaries to drop. You might laugh when you realize who&#8217;s salary we can analyze, <a href=\"https:\/\/www.hockey-reference.com\/players\/j\/jagrja01.html?utm_medium=linker&amp;utm_source=lastwordonsports.com&amp;utm_campaign=2024-06-08_hr\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">Jaromir Jagr<\/a>. In 2005-06, Jagr scored 123 points and made $8.36 million. In contrast, in 2003-04, Jagr made $11 million and totaled 74 points. Jagr was the highest paid NHLer both of those seasons.<\/p>\n<p>Fast forward to today, and the salary cap has increased to $88 million. Since its inception, the NHL salary cap has had one decrease, and one period of being frozen. The decrease was caused by the 2012-13 lockout. Moreover, the cap being frozen was caused by none other than the notorious COVID-19 pandemic. From the 2019-20 season to the 2021-22 campaign, the cap stayed at $81.5 million.<\/p>\n<h3>Any More News on the NHL Salary Cap<\/h3>\n<p>Now some more interesting facts about just the cap itself. No player was able to earn as much as Jagr did in 2003-04 until the salary cap hit such a mark that 20% of it was $11 million. Hence, when the cap passed $55 million in 2008-09, its fourth season of existence, it crossed that threshold, and NHL players could once again earn pre-salary cap salaries. However, it didn&#8217;t actually happen until <a href=\"https:\/\/www.hockey-reference.com\/players\/r\/richabr01.html?utm_medium=linker&amp;utm_source=lastwordonsports.com&amp;utm_campaign=2024-06-08_hr\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">Brad Richards<\/a> made $12 million for the 2011-12 season.<\/p>\n<p>Salaries that have ever exceeded that amount are still fairly rare. The reporting on highest-earning seasons for NHLers has a few conflicting reports. For example, <a href=\"https:\/\/www.hockey-reference.com\/players\/s\/sakicjo01.html?utm_medium=linker&amp;utm_source=lastwordonsports.com&amp;utm_campaign=2024-06-08_hr\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">Joe Sakic<\/a> earned $17 million in 1997-98 according to <a href=\"https:\/\/www.capfriendly.com\/\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">capfriendly<\/a>. <a href=\"https:\/\/www.hockey-reference.com\/players\/f\/fedorse01.html?utm_medium=linker&amp;utm_source=lastwordonsports.com&amp;utm_campaign=2024-06-08_hr\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">Sergei Fedorov<\/a> perhaps had the greatest reported salary, but it is strange to see it so high. <a href=\"https:\/\/www.hockey-reference.com\/players\/m\/marnemi01.html?utm_medium=linker&amp;utm_source=lastwordonsports.com&amp;utm_campaign=2024-06-08_hr\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">Mitch Marner<\/a> may also be the highest ever at $16 million in 2019-20.<\/p>\n<p>Main photo: Terrence Lee-USA TODAY Sports<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s the day of the NHL&#8216;s Stanley Cup Finals and the league took this opportunity to make an exciting league news announcement. It was announced today that the NHL&#8217;s salary cap for the 2024-25 season will be $88 million. This is a little higher than the previously speculated number of $87.7 million. Hearing #NHL salary [&hellip;]<\/p>\n","protected":false},"author":4222,"featured_media":442391,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","sfio_featured_image":false,"sfio_embed_code":"","_ef_editorial_meta_date_first-draft-date":"","_ef_editorial_meta_paragraph_assignment":"","_ef_editorial_meta_checkbox_needs-photo":"","_ef_editorial_meta_number_word-count":"","footnotes":""},"categories":[4548,4547,34],"tags":[955,986],"class_list":["post-442456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nhl","category-hockey","category-news","tag-nhl-news","tag-nhl-salary-cap"],"modified_by":"Levi Pike, Editor","_links":{"self":[{"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/posts\/442456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/users\/4222"}],"replies":[{"embeddable":true,"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/comments?post=442456"}],"version-history":[{"count":0,"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/posts\/442456\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/media\/442391"}],"wp:attachment":[{"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/media?parent=442456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/categories?post=442456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lastwordonsports.com\/hockey\/wp-json\/wp\/v2\/tags?post=442456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}