In 2017, the NHL Players’ Association and the NHLBPA negotiated a collective bargaining agreement that set the salary cap at $65 million.
The players agreed to a number of salary cap adjustments, which are the only major salary cap changes in the NHL.
The cap will go up $10 million each year from 2018-19 and 2019-20.
For the 2017-18 season, the salary is $65.3 million.
A player with a cap hit of $50 million, $60 million or $70 million will receive a $2.9 million increase in his cap hit.
For example, if a player with an average annual salary of $6 million receives a $6.9-million increase in the cap hit for the 2017 season, that player would receive an additional $1.1 million in salary cap hit to the next season.
These salary increases are calculated based on the current NHL salary cap and not based on future salary cap numbers.
For instance, a player whose cap hit increases by $10.7 million for the 2018-2019 season will receive an increase of $3.1-million to his cap next season and a cap increase of only $0.6-million in 2019-2020.
If the player with the largest increase in salary is the team’s captain, then that player will also receive a salary increase.
These players can then increase their salary by an additional 10% of the cap each year.
For this example, a $5 million salary increase for a player who had an average salary of about $6,000 per year would result in a $10,000 salary increase in 2019.
For players with average salaries under $5,000, the maximum salary increase will be $2,750 per year.
Players with an overall cap hit exceeding $10 billion will receive the largest salary increase each year in their age-35 season.
Players over $10-million will receive increases of $1 million each season for players who are 25 or older.
The NHLPA has made this cap increase a part of the collective bargaining negotiations.
The 2017-2018 salary cap will increase to $69 million in 2020-21 and to $75 million in 2021-22.
Players under age 25 who signed their entry-level contract prior to March 4, 2017, will be subject to the increased salary cap for the next two seasons.
Players who are over age 25 will be exempt from the increase.
This salary cap increase is set to take effect March 3, 2020.
The salary cap in 2021 will increase by $6 billion.
The 2018- 2019 and 2019 – 2020 salaries are set to go up by $1 billion.
This is the final year the players can receive a 10% salary increase of up to $2 million per year for players with an aggregate salary of over $100 million and $50,000 for players over $50-million.
The next year, there will be no cap increase for players under age 24, 25 or 26.
This cap increase was set by the previous collective bargaining agreements.
The current collective bargaining deals for the players, however, allow the players to receive a maximum of $5.1 billion per season for the first three years of the contract.
This raises the total annual cap increase to over $12.6 billion in 2021 and $14.6 in 2022.
This represents an average of $13.1 per year over the first two years of a player’s contract.
For an individual, the minimum salary for the contract will be between $6-7 million.
Players will have the option to sign an extension with a player option for an additional four years at $10+ million per season.
For 2018- 19, the average annual cap for players is $70.3-million and for 2019- 2020 it is $71.4-million, but there are exceptions.
Players signed to two-way contracts or contracts that have two or more years remaining on them have an option for a one-year extension at $2-million per season or a one year option for $3 million per contract.
Players signing with two-year contracts are eligible to receive an annual $2+ million increase on top of their $2 minimum salary.
For 2019- 20, the player option is $3- million per-season.
The 2019- 80 cap is set at $76.1.
The average annual minimum salary is set between $8.6 million and 25 million per team.
For a player to be eligible for a signing bonus, they must have a contract signed prior to the date of the 2016-17 season.
The following players have signed contracts with more than $2M in base salaries per year: Jason Garrison, Ryan McDonagh, Ryan Smyth, Adam Clendening, Kevin Connauton, Brad Stuart, Brian Strait, Mark Stone, Andrew Desjardins, Colin White, Bryan Little, Nick Leddy, Jyrki Jokipak