The NHL and NHLPA officially announced that the salary cap upper limit for the 2022-23 season is set at $82.5 million, the first time in three years that the cap is increasing.

That's an increase of $1 million over the 2021-22 season. The salary cap floor for next season will be set at $61 million.

The cap was stagnant for the last three seasons due to the COVID-19 pandemic's effects on league revenues.

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Per the collective bargaining agreement, the NHL and NHL Players' Association agreed to keep the salary cap flat at $81.5 million until hockey-related revenue surpassed $3.3 billion for the previous season.