The National Hockey League (NHL) is entering an era of unprecedented financial strength, marked by record revenues and a rapidly rising salary cap. This surge in the cap, the total amount each team can spend on player salaries, is reshaping the landscape of player compensation and team strategy, making the idea of "getting paid" more acceptable than ever before.
For the 2025-26 season, the NHL salary cap is set at $95.5 million, a significant increase from the previous season's $88 million. Further projections indicate a rise to $104 million for the 2026-27 season and $113.5 million for the 2027-28 season. However, recent reports suggest the cap could potentially reach $107 million in 2026-27. This substantial growth has been attributed to rising revenues, with the league generating a record $7 billion last season. Key business metrics continue to climb, with attendance reaching a record 23 million last season.
The rising salary cap has a cascading effect on player contracts. With more money available, teams are willing to offer larger and longer-term deals to secure top talent. This is exemplified by Kirill Kaprizov's recent eight-year, $136 million extension with the Minnesota Wild, setting a new record for overall contract value in the NHL. Kyle Connor also recently signed an eight-year, $96 million contract with the Winnipeg Jets. While Connor McDavid signed a two-year, $25 million extension with the Edmonton Oilers, some had hoped he would break the bank, setting a new precedent for superstar salaries.
The average NHL player salary in 2025 is approximately $3.5 million per year. However, salaries vary greatly depending on factors such as experience, position, and performance. While top players command multi-million dollar contracts, those in the American Hockey League (AHL) typically earn between $50,000 and $150,000. Entry-level contracts for new NHL players start at $925,000 per year, with opportunities for performance-based bonuses.
The rising cap also raises questions about the league's competitive balance. While increased financial flexibility benefits all teams, it could widen the gap between big-market spenders and smaller-budget organizations. Teams like the Toronto Maple Leafs, New York Rangers, and Edmonton Oilers might be able to separate themselves from teams such as the Winnipeg Jets and Ottawa Senators, who may be less inclined to spend to the maximum. Some worry the rising cap will make it harder for smaller market teams to compete, as the richer teams will be able to spend to the limit, while others suffer.
Despite concerns about competitive balance, the overall sentiment surrounding the rising salary cap is positive. It reflects the league's financial health and allows teams to invest in their players, enhancing the quality of play and fan experience. As the NHL continues to grow and generate revenue, the trend of "getting paid" is likely to become even more pronounced, solidifying the league's position as one of the most lucrative sports in the world.
