Bettman reveals significant update on the future of the salary cap
Commissioner Gary Bettman made several major announcements regarding the business side of the NHL last night.
In December, revenue was projected at over $5 billion, which is above 2019-2020, which was $4.4 billion. That likely means a salary cap raise of $8,000,000 to $10,000,000 upon the repayment of escrow if this number is maintained.
Many players are suffering after 2020-2021, including many NHL athletes who haven't spoken up about the possible lingering effects of having a positive COVID diagnosis or other disabilities as a result.
According to Sportico:
"The helmet move helped the league financially, as Bettman said that teams 'retained more than $100 million in revenue' because of those ads and other money-drawing changes. The NBA's jersey ads boosted revenue by $150 million annually."
After two years of the salary cap not rising, it appears as though it will be growing at a 'normal' rate in the next two to three years.
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