NHL Teams by Salary Cap, NHL Contracts and Cap Hit (2024)

Transactions Trades Signings Injuries

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Why can a team be over the cap?

Abbreviated $Amounts

Team Projected
Cap Hit
Projected
Space
Current
Space
Dead
Space
Active
Roster
Retained
Left
Contracts Forwards Defense Goalies

Colorado Avalanche

Western Central $89,337,500$89.34M

$-1,337,500$-1.34M

$-1,337,500$-1.34M

- 19/23 41/50

65%

32%

5%

Detroit Red Wings

Eastern Atlantic $68,076,806$68.08M

$19,923,194$19.92M

$19,923,194$19.92M

$1,588,889$1.59M 19/23 43/50

47%

20%

9%

Boston Bruins

Eastern Atlantic $79,363,333$79.36M

$8,636,667$8.64M

$8,636,667$8.64M

$1,383,333$1.38M 22/23 41/50

52%

34%

3%

New York Islanders

Eastern Metropolitan $86,925,000$86.93M

$1,075,000$1.08M

$1,075,000$1.08M

- 21/23 41/50

58%

27%

13%

Carolina Hurricanes

Eastern Metropolitan $76,318,333$76.32M

$11,681,667$11.68M

$11,681,667$11.68M

- 21/23 41/50

49%

32%

6%

New York Rangers

Eastern Metropolitan $79,901,524$79.90M

$8,098,476$8.10M

$8,098,476$8.10M

$512,500$513K 20/23 42/50

57%

25%

8%

Pittsburgh Penguins

Eastern Metropolitan $84,475,767$84.48M

$3,524,233$3.52M

$3,524,233$3.52M

$3,729,167$3.73M 23/23 48/50

50%

33%

9%

Toronto Maple Leafs

Eastern Atlantic $87,819,667$87.82M

$180,333$180K

$180,333$180K

- 22/23 44/50

67%

29%

4%

Ottawa Senators

Eastern Atlantic $86,090,715$86.09M

$1,909,285$1.91M

$1,909,285$1.91M

$1,225,000$1.23M 21/23 45/50

56%

31%

9%

Buffalo Sabres

Eastern Atlantic $73,450,516$73.45M

$14,549,484$14.55M

$14,549,484$14.55M

$1,444,444$1.44M 20/23 42/50

40%

40%

2%

Montreal Canadiens

Eastern Atlantic $77,794,584$77.79M

$10,205,416$10.21M

$10,205,416$10.21M

$5,266,250$5.27M 19/23 42/50

53%

13%

17%

Philadelphia Flyers

Eastern Metropolitan $88,829,763$88.83M

$-829,763$-830K

$-829,763$-830K

$11,691,429$11.69M 23/23 48/50

52%

31%

5%

New Jersey Devils

Eastern Metropolitan $83,023,897$83.02M

$4,976,103$4.98M

$4,976,103$4.98M

$1,788,897$1.79M 22/23 41/50

57%

29%

7%

Florida Panthers

Eastern Atlantic $88,158,334$88.16M

$-158,334$-158K

$-158,334$-158K

$1,741,667$1.74M 23/23 45/50

59%

23%

16%

Washington Capitals

Eastern Metropolitan $102,170,001$102.17M

$-14,170,001$-14.17M

$-14,170,001$-14.17M

$6,152,500$6.15M 23/23 50/50

71%

36%

2%

St. Louis Blues

Western Central $80,749,168$80.75M

$7,250,832$7.25M

$7,250,832$7.25M

- 23/23 50/50

54%

30%

8%

Tampa Bay Lightning

Eastern Atlantic $83,895,000$83.90M

$4,105,000$4.11M

$4,105,000$4.11M

- 21/23 42/50

58%

26%

12%

Calgary Flames

Western Pacific $67,175,834$67.18M

$20,824,166$20.82M

$20,824,166$20.82M

$1,875,000$1.88M 22/23 42/50

53%

19%

3%

Utah Hockey Club

Western Central $78,079,643$78.08M

$9,920,357$9.92M

$9,920,357$9.92M

$2,253,334$2.25M 23/23 42/50

42%

39%

5%

Dallas Stars

Western Central $80,862,074$80.86M

$7,137,926$7.14M

$7,137,926$7.14M

$3,378,740$3.38M 19/23 43/50

56%

27%

6%

San Jose Sharks

Western Pacific $73,999,170$74.00M

$14,000,830$14.00M

$14,000,830$14.00M

$7,274,170$7.27M 23/23 45/50

48%

21%

7%

Chicago Blackhawks

Western Central $81,322,500$81.32M

$6,677,500$6.68M

$6,677,500$6.68M

$3,166,667$3.17M 22/23 42/50

49%

31%

9%

Los Angeles Kings

Western Pacific $78,840,000$78.84M

$9,160,000$9.16M

$9,160,000$9.16M

$4,575,000$4.58M 21/23 41/50

44%

32%

8%

Edmonton Oilers

Western Pacific $88,354,167$88.35M

$-354,167$-354K

$-354,167$-354K

$6,566,667$6.57M 21/23 44/50

58%

31%

4%

Anaheim Ducks

Western Pacific $65,356,667$65.36M

$22,643,333$22.64M

$22,643,333$22.64M

- 22/23 45/50

47%

19%

8%

Vancouver Canucks

Western Pacific $86,984,167$86.98M

$1,015,833$1.02M

$1,015,833$1.02M

$3,059,167$3.06M 22/23 47/50

58%

32%

6%

Nashville Predators

Western Central $87,404,199$87.40M

$595,801$596K

$595,801$596K

$11,805,556$11.81M 20/23 44/50

48%

31%

7%

Winnipeg Jets

Western Central $82,198,691$82.20M

$5,801,309$5.80M

$5,801,309$5.80M

$5,466,667$5.47M 23/23 40/50

51%

24%

12%

Minnesota Wild

Western Central $86,468,590$86.47M

$1,531,410$1.53M

$1,531,410$1.53M

$15,381,090$15.38M 22/23 46/50

50%

23%

7%

Columbus Blue Jackets

Eastern Metropolitan $69,933,333$69.93M

$18,066,667$18.07M

$18,066,667$18.07M

$825,000$825K 18/23 38/50

42%

29%

7%

Vegas Golden Knights

Western Pacific $91,639,983$91.64M

$-3,639,983$-3.64M

$-3,639,983$-3.64M

- 23/23 47/50

57%

34%

13%

Seattle Kraken

Western Pacific $80,741,191$80.74M

$7,258,809$7.26M

$7,258,809$7.26M

- 20/23 49/50

52%

31%

8%

Eastern Conference
Western Conference
Atlantic Division
Metropolitan Division
Central Division
Pacific Division

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NHL News

Signings

Jul 8 2024 | Utah Hockey Club

Barrett Hayton

Standard | 2 yrs

$5,300,000

Cap Hit

$2,650,000

Patrick Morris | Newport Sports Management Inc.

Jul 8 2024 | Buffalo Sabres

Konsta Helenius

Entry Level | 3 yrs

$2,925,000

Cap Hit

$975,000

| International Sports Advisors Co., Inc.

Jul 8 2024 | Colorado Avalanche

Calum Ritchie

Entry Level | 3 yrs

$2,850,000

Cap Hit

$950,000

Craig Oster | Newport Sports Management Inc.

Jul 8 2024 | Edmonton Oilers

Raphael Lavoie

Standard | 1 yrs

$775,000

Cap Hit

$775,000

Philippe Lecavalier | Quartexx Management

Jul 8 2024 | Minnesota Wild

Jul 7 2024 | Philadelphia Flyers

Yegor Zamula

Standard | 2 yrs

$3,400,000

Cap Hit

$1,700,000

Shumi Babaev | Shumi Agency

Jul 7 2024 | Carolina Hurricanes

Josiah Slavin

Standard | 2 yrs

$1,550,000

Cap Hit

$775,000

Kurt Overhardt | KO Sports, Inc.

All Signings

Trades

Jul 6 2024

The Winnipeg Jets acquired Dylan Coghlan from the Carolina Hurricanes for future considerations

Full Details

Jul 5 2024

$2,100,000

$-2,100,000

The Edmonton Oilers acquired Matthew Savoie from the Buffalo Sabres for Ryan McLeod and Tyler Tullio

Full Details

Jul 3 2024

$4,000,000

$-4,000,000

The Anaheim Ducks acquired Robby Fabbri and a 2025 conditional 4th Round Pick from the Detroit Red Wings for Gage Alexander

Full Details

All Trades

Transactions

Jul 8 2024 | Minnesota Wild

Adam Raska

Raska signed a one-year, two-way deal with Minnesota on Monday, per PuckPedia.

Jul 8 2024

NHL Teams by Salary Cap, NHL Contracts and Cap Hit (47)

Barrett Hayton

Hayton (lower body) signed a two-year, $5.3 million deal with Utah on Monday.

Jul 8 2024 | Colorado Avalanche

Calum Ritchie

Ritchie signed a three-year, entry-level contract with Colorado on Monday.

Jul 8 2024 | Buffalo Sabres

Helenius signed a three-year, entry-level contract with Buffalo on Monday.

Jul 8 2024 | Edmonton Oilers

Raphael Lavoie

Lavoie inked a one-year, two-way contract with Edmonton on Monday.

Jul 8 2024 | Minnesota Wild

Rasmus Kumpulainen

Kumpulainen will spend the next two seasons on loan with the Lahden Pelicans in Finland.

Jul 7 2024

NHL Teams by Salary Cap, NHL Contracts and Cap Hit (52)

Curtis Douglas

Douglas signed a two-year, two-way contract with Utah on Sunday.

All Transactions

Injuries

OUT | Hip

Evander Kane

Kane has been dealing with a hip issue but there has not yet been a decision on whether or not he'll need surgery, Jason Gregor of Sports 1440 Edmonton reports.

Expected Return: Sep 22, 2024

OUT | Ankle

Christopher Tanev

Tanev (ankle) signed a six-year, $27 million contract with Toronto on Monday.

Expected Return: Sep 22, 2024

OUT | Ankle

Troy Stecher

Stetcher (ankle) signed a two-year, $1.575 million contract with the Edmonton Oilers on Monday.

Expected Return: Sep 22, 2024

OUT | Shoulder

Artturi Lehkonen

Lehkonen (shoulder) should be ready around the start of training camp, Corey Masisak of The Denver Post reports.

Expected Return: Sep 23, 2024

OUT | Abdomen

Sean Couturier

Couturier said he's recovering from a "little sports hernia surgery, lower abs," Kevin Kurz of The Athletic reports Thursday.

Expected Return: Sep 22, 2024

OUT | Lower Body

Jamie Drysdale

Drysdale underwent surgery in April to address a significant lower-body injury, Adam Kimelman of NHL.com reports.

Expected Return: Sep 22, 2024

OUT | Shoulder

Jimmy Vesey

Vesey suffered a separated shoulder in Game 2 of the Eastern Conference Finals against the Florida Panthers, Dan Rosen of NHL.com reports.

Expected Return: Sep 22, 2024

All Injuries

Insights and Insiders

The #GoAvsGo signed '23 #27 pick F Calum Ritchie to 3 year Entry Level DealYear 1 855K Salary, 95K Signing Bonus, 125K "A" Perf BonusYear 2 855/95/250Year 3 855/95/350Cap Hit 950K, AAV $1.19MRep'd by @TheHockeyAgency t.co/O0nrXFEPVp

The #MNWild re-signed 22 y/o RFA F Adam Raska to 1 year deal NHL 775KMinors 97.5K7P in 49 AHL GPRep'd by @walsha @OctagonHockey t.co/tQ7p1Gu2nO

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What Is the NHL Salary Cap?

The NHL salary cap is the total amount that NHL teams may pay for players. The amount set as the salary cap each year depends on the league’s revenue for the previous season. As it is a 'hard cap,' there are no exemptions. However, if a player is injured and it's thought that they will miss at least 10 NHL games and 24 days in the season, their team can put them on long-term injured reserve (LTIR). By doing so, they can surpass the salary cap.

The salary cap was introduced to prevent teams with the most revenue signing all the top players, which was becoming a problem in the '90s and early 2000s. For instance, by signing a number of top-performing players and significantly spending more than the majority of other teams, the Detroit Red Wings were able to win three Stanley Cups in that time.

This led to the 2004-05 CBA negotiations, during which the entire season was cancelled — the first time a labor dispute has ever caused a cancellation in a major sports league in North America. At the time of the negotiations, teams were spending around 75 percent of their revenues on salaries — much higher than any other North American sports league. Eventually, they agreed to the general structure that remain today, including the mandatory payment to players in US dollars.

The concept of a salary cap is not new to the NHL. One was first introduced during the Great Depression, at which time the salary cap per team was $62,500 and $7,000 per player.

Salary Cap History

Since its reintroduction in the 2005-06 season, the NHL salary cap had risen every year until the pandemic shortened 2020-2021 season:

2005-2006$39.0 million
2006-2007$44.0 million
2007-2008$50.3 million
2008-2009$56.7 million
2009-2010$56.8 million
2010-2011$59.4 million
2011-2012$64.3 million
2012-2013$60.0 million *
2013-2014$64.3 million
2014-2015$69.0 million
2015-2016$71.4 million
2016-2017$73.0 million
2017-2018$75.0 million
2018-2019$79.5 million
2019-2020$81.5 million
2020-2021$81.5 million
2021-2022$81.5 million
2022-2023$82.5 million

* During the 2012-13 season, there was a lockout. The salary cap was set to $60 million, but NHL hockey teams were allowed to spend a pro-rated $70.2 million for the shortened season.

The salary floor (the minimum that a team must spend as a whole) is 85 percent of the salary midpoint. For the 2021-22 season, the cap floor is $60.2 million.

History of the Teams

Originally, there were just six NHL teams, called the Original Six. In the 1967-68 season, six new teams were added. The Original Six formed the East Division and the new six formed the West Division.

In 1974, six more NHL hockey teams joined the league, creating 18 in total. The league then took four teams from the World Hockey Association when it ceased to exist in 1979. With the Cleveland Barons gone in 1978, this brought the total to 21 teams.

There was no further expansion to the league until the '90s. The next new NHL team was the San Jose Sharks in 1991. Another eight were added in the subsequent decade to reach 30 teams by 2000. Finally, in 2016, Gary Bettman, the NHL commissioner, announced that another new NHL team — the Vegas Golden Knights — would join the List of NHL Teams, making 31 teams for the 2017-18 season.

Tune in to learn about developments in the league, your favorite NHL teams and players. PuckPedia brings you up to speed on the latest news and other exciting developments in the world of NHL hockey. Bookmark PuckPedia now!

The #GoAvsGo signed '23 #27 pick F Calum Ritchie to 3 year Entry Level DealYear 1 855K Salary, 95K Signing Bonus, 125K "A" Perf BonusYear 2 855/95/250Year 3 855/95/350Cap Hit 950K, AAV $1.19MRep'd by @TheHockeyAgency t.co/O0nrXFEPVp

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Jun 01 12 teams will carry a performance bonus overage cap hit next season PuckPedia breaks down the bonus overages

The #MNWild re-signed 22 y/o RFA F Adam Raska to 1 year deal NHL 775KMinors 97.5K7P in 49 AHL GPRep'd by @walsha @OctagonHockey t.co/tQ7p1Gu2nO

With Hayton signed for $2.65M, #UtahHC have $9.9M Projected Cap Space with 23 active players (14F/7D/2G) + Weber IRt.co/FbJgHB8Nje

NHL Teams by Salary Cap, NHL Contracts and Cap Hit (2024)

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