The NHL’s salary cap is $2,917,500 for teams, up from $2 million this season.
That’s according to a report from NHL.com, which notes that the $2 billion cap is now set to increase to $2 trillion in 2020.
The cap increase also includes an additional $5.8 billion in new revenue to be generated over the next two years.
The biggest increase is going to come from the new $3 billion “covariational” revenue sharing program.
The program allows teams to keep up to 25% of any new revenue generated from their new television rights, radio rights, or digital distribution partners.
That means teams are free to spend as they wish in a bid to keep their existing broadcast deals and their new revenue streams intact.
In addition to the new revenue sharing, the NHL also plans to increase the number of new salary cap slots from four to six, and add another $2 to the cap to help cushion the blow of a $2-billion salary cap cut.
That would make the league’s total cap hit at $3,535,625 for each team, up $2M from last year.
The cap hit will increase by an additional 10% for the 2017-18 season.
The new salary-cap figure is a significant one for many of the teams that are already in the new collective bargaining agreement.
The Pittsburgh Penguins have already signed a one-year deal with the NHL for $7 million per year, and the Vancouver Canucks have an eight-year, $33.5 million deal.
That’s in addition to their $7.5-million cap hit this season and the new Collective Bargaining Agreement.
The New York Rangers, the team that went to the Stanley Cup Finals last season, are set to pay $4.3 million a year.
But that’s not all.
The Montreal Canadiens are set for a $6.25 million cap hit in 2021-22.
That brings their total cap space to $6,895,000, and will rise to $7,913,250 when they are set up for a new CBA.
The Edmonton Oilers are set at $6 million in 2021.
That puts their cap hit of $721,500 at $8,842,500.
The Calgary Flames, the only team in the NHL that was able to re-sign their current CBA, have a $4 million cap figure, so their cap hits for next season are set from $6 to $8 million.
And finally, the Chicago Blackhawks, the teams most recent entry into the NHL, are setting a new cap figure of $4,827,500, up by $1,300 from last season.
The Blackhawks are expected to take in $3 million in cap space this season, and are set with $8.5-$10 million in the pot in 2021, so they’ll have $9 million in their pot this season at the end of the year.