NHL salary cap projections drive record player contracts

The National Hockey League (NHL) is anticipating a significant rise in the salary cap, with projections suggesting an increase of up to $23.5 million by the 2028-29 season. This financial shift is already impacting player contracts. Cale Makar recently became the league’s first $20-million-per-year player following an eight-year extension.

As the cap rises, analysts are speculating on when the league might see its first $30-million-per-year player. Some players, such as Macklin Celebrini, have indicated that contract negotiations are being conducted with these future cap projections in mind.

The projected cap increases may also influence team strategies and trade activity. In Canada, rumors suggest the Montreal Canadiens may look to trade players to facilitate long-term roster building, with General Manager Kent Hughes reportedly active in trade discussions.