morhilane
Registered User
- Feb 28, 2021
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The formula makes it impossible to plan anything if they stick to it, it could even introduce a flat cap if the revenues stays flat (inflations does wonders for that thought).League revenue has already surpassed $4.8M last year. I believe it was $5.2B and even that was rumored to be on the conservative side. So they are clearly ahead of schedule. Not sure if I missed any final report on revenue? Let me know if anybody seen final revenue reports.
It's quite possible the NHLPA balance is paid off half way through next season and that $1M bump has to be reviewed so that the system is not shocked come 24/25. A $83.5M salary cap for 23/24 and then a $90M+ cap for 24/25 would be a shock to the system and their MOU talks about not wanting to shock the system. Look at the contracts being awarded last off season and this off season. They are clearly on a fast track for a higher cap. Before Covid derailed things, the salary cap was expected to be $84-$88M range (depending on Escrow). That was a report in 2020 (Right before Covid) for the 20/21 season.
Bettman: NHL will set revenue record in '21-22
NHL Commissioner Gary Bettman at his annual State of the League press conference said that the league’s revenues for the '21-22 season will exceed $5.2B and be the highest in league history.www.sportsbusinessjournal.com
There is a chance the cap is higher than $83.5M for 23/24. Teams just can't plan for it but they know there is a chance.
Also, the article specify "hockey related" revenues, it's probably a subset of the entire league revenues. For example, the $5.2b include $750m in sponsorship which might not be considered "hockey related" revenues.