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NHL Announces Salary Cap Increase to $88 Million, 4 Nations Face-Off Hosts and Schedule

By Joshua Clipperton, The Canadian Press on June 8, 2024.

NHL Commissioner Gary Bettman speaks during a new conference Friday, April 19, 2024, in Salt Lake City. The National Hockey League’s team salary cap will get a significant boost, rising by $4.5 million to $88 million next season. THE CANADIAN PRESS/AP-Rick Bowmer

SUNRISE, Fla. – NHL general managers will have more money to play with next season. The league and the NHL Players Association announced Saturday ahead of the Stanley Cup Final between the Edmonton Oilers and Florida Panthers that the salary cap will get a significant boost from $4.5 million to $88 million in 2024-2025. The jump represents the first significant increase in years, following a modest $1 million increase over the past two seasons, which reflected the financial impact of the COVID-19 pandemic. “I know the general managers and the teams are excited about more flexibility,” NHL Commissioner Gary Bettman said at his annual news conference in the hours before Game 1. “It means revenues are as robust as we told you. all.” The cap will be $65 million. “It’s been a good year for hockey,” NHLPA executive director Marty Walsh said. “Double-digit viewership is up for the most part across the league and revenue is coming in. It puts us in a strong position as a PA just to advocate on behalf of our players.” The league also unveiled the schedule and locations for the latest international hockey event. Canada, the United States, Sweden and Finland will host the first NHL 4 Nations Face-Off tournament from February 12 to 20 previously announced as participating countries. The showcase will consist of six round-robin games, followed by a championship game “Two iconic cities,” said NHL deputy committeeman Bill Daly “We have 32 franchises, so we could have placed it anywhere But those two have risen to the top. “We are both very excited about hosting.” Canada and the U.S. will play at the Bell Center on Feb. 16 in the last of four games in Montreal. Boston’s TD Garden will have three games, including the final on Feb. 20. “The good is I’m excited about it (and) the bad is that everyone in Boston is going to call me looking for tickets,” Walsh, a Boston player, joked. originally. The NHL announced during February’s all-star game players would participate in the next two Olympics after they had skipped 2018 for business reasons and missed 2022 due to COVID-19. The 2026 Winter Games are scheduled for Milan and Cortina, Italy, while the host city in 2030 has yet to be announced. NHLers went to five Olympics between 1998 and 2014. the final best-on-best men’s tournament. The NHL 4 Nations Face-Off won’t be quite like this without teams like the Czech Republic and Russia involved, but it will be an opportunity for the likes of Connor McDavid, Auston Matthews and plenty of others. other stars to don international jerseys from the 2026 Games each year. The league last held a World Championship in 2016. That event featured a North America under-23 team and a Europe team, made up of minor hockey powers . Getting along The league and its players have had a fractured relationship at times, but Walsh — hired 15 months into Don Fehr’s long tenure — has ushered in a new era. “It’s a very open, frank and good dialogue,” Bettman said. “We have a great relationship that may be the best in the history of labor relations between the NHL and the NHL Players’ Association. “We work together on many important initiatives. And I think this bodes well for the future growth of the game and the league.” BLACKHAWKS SCANDAL Bettman said former Chicago Blackhawks GM Stan Bowman and head coach Joel Quenneville are ineligible to be hired by teams in the wake of the Kyle Beech sex abuse scandal. “They have both been looking for an opportunity to come back,” the commissioner said. “That’s something I have to take into account.” BALLPARK TALK Bettman was asked if the Panthers would get a game at LoanDepot Park, home of Major League Baseball’s Miami Marlins. “I haven’t been there, but I understand it’s a lot of fun,” he said, smiling. “And it also has a roof and is air-conditioned. I’m not going to break any news today, but we are aware of the fact that at some point it would be good for the Panthers to play in an outdoor game. We continue to explore the possibilities.” This report by The Canadian Press was first published June 8, 2024. ___ Follow @JClipperton_CP on X. 33
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