• Loading stock data...
Sunday, July 14, 2024

The NHL’s Salary Cap Boost Kicks Off a Chaotic Offseason

  • Teams are seeing the first major cap increase since 2019, up $4.5 million.
  • The free agency window opens Monday, with a stacked group of names who may benefit.
Apr 6, 2024; Pittsburgh, Pennsylvania, USA; Tampa Bay Lightning center Steven Stamkos (91) celebrates his goal with the Lightning bench against the Pittsburgh Penguins during the third period at PPG Paints Arena. The Penguins won 5-4. Mandatory
Charles LeClaire-USA TODAY Sports

The NHL’s free agency window opens Monday, exactly one week after the Panthers hoisted the Stanley Cup, and one day after the team’s championship parade in Fort Lauderdale, Fla.

The short period between the season’s end and offseason’s beginning always forces a quick focus shift for players, front offices, and fans—but new changes are teeing up a particularly hectic few months. The league is seeing the first big increase to its salary cap in five years, jumping up $4.5 million to a cap of $88 million, which will give teams more space to make big moves.

“It’s going to be unpredictable, really,” Mike Grier, the general manager of San Jose, told NHL Network. “It’ll be interesting. Every team’s trying to get better, and there’s only so many seats at the table.”

Last weekend’s draft—though flashier than ever at the Las Vegas Sphere—yielded what many considered a weaker class of prospects. Without as much immediately impactful talent joining the league (like the phenom first pick of the 2023 draft, Connor Bedard, who won this season’s Calder Trophy), offseason moves may be shaped by swapping veterans and locking key players into extended contracts. And there are many high-profile names exploring big payouts through free agency, including Steven Stamkos, Tampa Bay’s captain since 2014, and Jonathan Marchessault, MVP of the 2023 playoffs for Las Vegas.

Combined, these circumstances are leading some vets to ask for major pay bumps. New York Rangers goaltender Igor Shesterkin, eligible for an extension starting Monday, reportedly wanted $12 million annually, which would take up 13% of the team’s cap space. In the past few years, Shesterkin has averaged about 10 fewer games per season than other goalies who got deals of that size, according to The Athletic. New York, who made it to Game 6 of the Eastern Conference Final this season thanks in large part to Shesterkin at goal, faces a big decision. 

In this new era, they won’t be the only ones.

Copy Link
Link Copied
Link Copied

What to Read

Jul 11, 2024; London, United Kingdom; Barbora Krejcikova (CZE) celebrates after match point against Elena Rybakina (KAZ)(not pictured) in a ladies' singles semifinal of The Championships Wimbledon 2024 at The All England Lawn Tennis Club.

Krejčíková Wins Wimbledon and $3.45 Million First-Place Prize

This year’s tournament had a record purse of $64 million.
The Mississippi Department of Human Services on Monday sued retired NFL quarterback Brett Favre along with several other people and businesses to try to recover millions of misspent welfare dollars that were intended to help some of the poorest people in the U.S.

Judge in Mississippi Welfare Case Boots Brett Favre’s Lead Lawyer

The judge wrote he had a ‘pattern and practice of delicate deception.’
podcast thumbnail mobile
Front Office Sports Today

Warner Bros. Discovery Faces Final Decision on NBA Rights


Featured Today

Jan 7, 2024; Nashville, Tennessee, USA; Jacksonville Jaguars wide receiver Calvin Ridley (0) reacts after scoring a touchdown against the Tennessee Titans during the first half at Nissan Stadium.

Without Hard-Line Bans, Pro Athletes and Personnel Will Keep Betting on Sports

Penalties often aren’t stringent or consistent enough to deter banned behavior.
Oct 2, 2021; Miami Gardens, FL, USA; NFL commissioner Roger Goddell speaks during the Don Shula Celebration of Life at Hard Rock Stadium.
July 13, 2024

The NFL Is Confident It Can Overturn the Sunday Ticket Verdict

The league may have good reason to believe it can win.
July 8, 2024

NFLPA Report Cards Have Become the ‘Talk of the Locker Room’ Across..

NFLPA report cards have become the ‘talk of the locker room.’
July 7, 2024

The New College Sports Insiders Are Graphic Designers

Joe Tipton and Hayes Fawcett have become premier news-breakers on social media.
Apr 25, 2024; Detroit, MI, USA; NFL Commissioner Roger Goodell addresses the crowd during the 2024 NFL Draft at Campus Martius Park and Hart Plaza.

NFL Will Dip Its Toes in Private Equity by Year’s End

The league is likely to cap PE involvement in teams at 10%.
July 10, 2024

Pac-12 Media Days Evolve Into a Cocktail Party at the Bellagio

The two-team ‘zombie conference’ is still hosting a football media day.
July 10, 2024

Las Vegas Isn’t Becoming an NBA Destination. It Already Is One

Expansion and the in-season tournament are also drawing the NBA to the city.

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
Stadium with NFL logo at the mid-field line
July 10, 2024

‘Nonsensical’: NFL Blasts Massive Jury Award in Latest Sunday Ticket Case Filings

The league asked for a new trial and called the damages ‘indefensible.’
July 9, 2024

With Tiger Focused on PIF, U.S. Turns to Netflix Star to Lead Ryder Cup

Keegan Bradley will captain Team USA in 2025.
July 9, 2024

Big 12’s New Era Kicks Off: Expansion, Private Equity, and Global Ambitions

The new 16-team conference is holding media days in Las Vegas.
July 8, 2024

A Rookie Sensation Is Shaking Up MLB’s Approach to Young Talent

Skenes is the first MLB player to go No. 1 in the draft and become an All-Star the next year.