Report: 2024-25 NHL salary cap projected to be $87.7M

The NHL projects the salary cap will be around $87.7 million in 2024-25, the league announced during Monday's Board of Governors meeting, according to TSN's Pierre LeBrun.

That estimation lines up with the range Gary Bettman provided ahead of the 2023-24 campaign. In early October, the NHL commissioner informed owners that very preliminary projections suggested the cap would increase to an amount between $87 and $88 million for next season.

The salary cap remained stuck at $81.5 million from 2019 to 2022 before rising by $1 million in each of the last two campaigns. General managers have $83.5 million at their disposal this season.

The latest projection represents an increase of $4.2 million, just shy of the league's $4.5-million bump prior to the 2018-19 campaign.