It was on full display at this week's NHL draft. "It took awhile for teams, fans and media to really understand what the ramifications of the flat cap are." "We've been living with the flat cap for awhile," Vegas Golden Knights GM Kelly McCrimmon said. Since the 2019-20 season that was cut short by the pandemic, the cap has risen a total of $2 million. "Five years ago, by July 2 you could hang the 'Gone Fishing' sign up," said Treliving, GM of the Toronto Maple Leafs.īut with the salary cap having again only risen US$1 million - to $83.5 million for the 2023-24 season - as the league continues to recover from the financial hardships brought on by the coronavirus, teams have very little wiggle room with the market set to open Saturday. The COVID-19 pandemic - and the economic disaster that followed - has ensured, at least for the time being, that's no longer the case. Brad Treliving remembers a time when NHL general managers were basically done with free agency shortly after the window opened.īig names quickly scooped up, roles filled, rosters largely set.
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