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Monday, November 25, 2024

NHL announces team payroll range for 2024-25 season

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Tom Embrey Vice President and General Manager of PNC Arena | Carolina Hurricanes Website

Tom Embrey Vice President and General Manager of PNC Arena | Carolina Hurricanes Website

The NHL has announced the team payroll range for the 2024-25 season, marking a significant increase in the salary cap. Teams will be allowed to spend up to $88 million next season, an increase from $83.5 million this past season. This represents the first major jump in the salary cap since the pandemic.

For the Carolina Hurricanes, this increase is particularly important as they face 19 pending free agents. The team currently has $26.8 million in projected cap space for next season and 22 available contract slots before reaching the league's cap of 50 contracts.

Free agency is scheduled to begin on Monday, July 1 at 12 p.m. ET.

The NHL Public Relations team announced today: "The Team Payroll Range for 2024-25:

Lower Limit: $65.0 million

Midpoint: $76.5 million

Upper Limit: $88.0 million."

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