I really do hope we lock him up this summer after July 1st. Something I was thinking about was the looming announcement on a new Canadian TV rights deal. I believe Bettman is negotiating this now. Sportsnet has another year after this season I believe. Once that deal is announced, I believe we are going to hear lots of talk about even a higher cap increase to come.
Hutson's first year after his ELC (26/27) might be for a cap that is very close to $100M. It's scheduled to be $92.4M next year and Bettman was talking about pushing it up so the cap system is not shocked. The latest info and way to limit the cap growth was to cancel escrow payments for the rest of the season and also share extra profits to the players so they meet the 50/50 revenue split (read article below)
Hutson's new extension comes exactly when the new Canadian TV rights deal kicks in (extra $$$).
The NHL cancels escrow payments for players, reflecting strong finances. A $92-93M salary cap increase is expected for 2025-26
rg.org