Pretty decent chance there will be no big cap increases until the 2025-26 season. Revisions to the CBA were made due to COVID. Some info on this subject is presented below.
It's been a foolish game to try and project future revenues over the last few years, with COVID-19 creating so …
www.prohockeyrumors.com
For now, the league is still limited to $1MM increases. Next season (2022-23) will have a cap ceiling of $82.5MM, 2023-24 is expected to be $83.5MM, and
2024-25 will have an $84.5MM. But as the entire world has learned since early 2020–don’t take projections as gospel.
The NHL salary cap for the 2022-23 season has been set at $82.5 million, the first time in three years that the limit is increasing.
www.espn.com
Per the collective bargaining agreement, the NHL and NHLPA agreed to keep the cap flat at $81.5 million until hockey-related revenue surpassed $3.3 billion for the previous season. The NHL's general managers were informed in March that the cap would only rise by $1 million in 2022-23.
The cap could increase by $2 million per season, and transition to a formula-based calculation for establishing the limit for the 2023-24 season and beyond,
if hockey-related revenue reaches $4.8 billion.
The NHL salary cap won't increase significantly until an estimated $1 billion in debt held by the players is repaid to the owners. Bettman said the league is projecting that debt to be paid off in "two, maybe three years." Many have speculated the cap will jump in the 2025-26 season.