Report: NHL salary cap to hit $82.5M in 2022-23

The NHL is projecting a salary cap of $82.5 million for the 2022-23 season, sources told Daily Faceoff's Frank Seravalli.

A flat cap of $81.5 million has been in place since the COVID-19 pandemic derailed the 2019-20 campaign, and the 2021-22 season will mark the third consecutive under that figure.

The league is projecting hockey-related revenue to be in the range of $4.8 billion for 2021-22, Seravalli adds. A new television rights deal in the United States with ESPN and TNT, along with the introduction of the Seattle Kraken, should help the NHL's financial landscape. Still, the revenue projection is shy of what the NHL anticipated for the upcoming season pre-pandemic.

The salary cap isn't projected to significantly increase until players pay off their escrow balance, which is around $1 billion, according to Seravalli.