2025-26 NHL salary cap. Estimated $92.5m, but could be $95-97m?

eojsmada

Registered User
Oct 23, 2022
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I'll be curious to see what they come up with. I'm sure having Utah and not Arizona is a huge boon to the bottom line of the league.
 

gstommylee

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Jan 31, 2012
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What? They can go over 5% if they negotiate….

And the CBA doesn't expire until after 25-26 season... Unless the new CBA gets done by the end of this season. I don't see why the owners would give NHLPA leverage to demand a EVEN HIGHER cap just after one happened prior to the new CBA agreement going into effect.
 

StreetHawk

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Sep 30, 2017
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I don't think the PA would risk going to the high end of $97 mill.
Based on last year's numbers, I believe escrow was at 6% and the PA ended up with about half of that back, thus a net of about 3% for escrow. That's kind of the range the PA prefers it being.

So, they'd sacrifice a couple of million of the cap to keep the net escrow in this 3% range, vs risk having it go up to 5-6% net after the numbers are all in.

Could see them push it up to $93-$94 mill if the escrow numbers are projected to remain close to the prior season.
 

rojac

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I don't think the PA would risk going to the high end of $97 mill.
Based on last year's numbers, I believe escrow was at 6% and the PA ended up with about half of that back, thus a net of about 3% for escrow. That's kind of the range the PA prefers it being.

So, they'd sacrifice a couple of million of the cap to keep the net escrow in this 3% range, vs risk having it go up to 5-6% net after the numbers are all in.

Could see them push it up to $93-$94 mill if the escrow numbers are projected to remain close to the prior season.
Based on Friedman's report, the PA has been floating the 95-97M cap to players as they talk to them in preparation for upcoming CBA talks. So, I think the PA wants it. And I think they wanted a bigger increase last yeat but they couldn't reach a deal with the owners. Paul Bissonnette was wondering if the league might want a 84 game shedule (with reduced preseason games in exchange.
 

Tawnos

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Sep 10, 2004
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And the CBA doesn't expire until after 25-26 season... Unless the new CBA gets done by the end of this season. I don't see why the owners would give NHLPA leverage to demand a EVEN HIGHER cap just after one happened prior to the new CBA agreement going into effect.

The current CBA explicitly allows them to exceed the 5% if both sides agree to it. This situation was anticipated. And I wouldn’t be surprised if the owners don’t really care much where the cap actually is, since they’re getting the same cut in the end anyway.
 

rojac

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The current CBA explicitly allows them to exceed the 5% if both sides agree to it. This situation was anticipated. And I wouldn’t be surprised if the owners don’t really care much where the cap actually is, since they’re getting the same cut in the end anyway.
No but the players do seem to want, so from owners' point of view, it's a chance to get something from the players.
 

Tawnos

A guy with a bass
Sep 10, 2004
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Charlotte, NC
No but the players do seem to want, so from owners' point of view, it's a chance to get something from the players.

Last year, when they discussed the possibility of this, all the owners seemed to want was an increase in the escrow cap... which is why it didn't happen.
 

qc14

Registered User
Jul 1, 2024
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Seems inevitable if Friedman is putting it out there so strongly, and makes complete sense to me given everything we've heard about how the next CBA isn't a rewriting but a tweaking and both the owners and PA want a deal to happen.

Owners don't really care too much what the nominal cap number is as long as the 50/50 split remains, which it almost certainly will. PA can get multiple UFA classes in on the big cap raise rather than just one. GMs/league hockey ops people will have a more gradual transition which is much better from a sporting side and helps guard against a 2016 KD to the Warriors scenario.
 

Tawnos

A guy with a bass
Sep 10, 2004
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Will be much higher with Atlanta, Houston, Arizona, and Kansas City are in the league ;)

Nah, not really. 32 teams at $6.4B in revenue averages out to $200m per team and a $100m salary midpoint. 34 teams at $6.8B per team still averages out to $200m per team and a $100m salary midpoint. Disclaimer: midpoint calculation is WAY over-simplified and for illustration purposes only.

Nobody expects those markets to be top earners for the league. They'll be somewhere around the middle so long as they're handled right. If not, they'll actually pull the cap down a little bit.
 
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qc14

Registered User
Jul 1, 2024
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Nah, not really. 32 teams at $6.4B in revenue averages out to $200m per team and a $100m salary midpoint. 34 teams at $6.8B per team still averages out to $200m per team and a $100m salary midpoint. Disclaimer: midpoint calculation is WAY over-simplified and for illustration purposes only.

Nobody expects those markets to be top earners for the league. They'll be somewhere around the middle so long as they're handled right. If not, they'll actually pull the cap down a little bit.
I totally agree with you, more just being tongue in cheek about expansion. I do expect expansion, especially if they're able to get back into Arizona and into Houston, to help with the next American TV deal even though that's a couple years further down the line.
 

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