It will increase to $83.5M next season unless, as stated by Gary Bettman at last week’s GM meeting, the PA gives something back.
Marty Walsh officially takes the reins of the NHLPA on Monday, and I can assure you the former U.S. Secretary of Labor’s first order of union business will not be to negotiate an increase to next season’s 6 percent escrow cap in exchange for raising the cap more than $1 million.General managers have been operating under extreme duress for the past four years during which the cap has increased just $3 million from $79.5M in 2018-19 to $82.
Understand. Teams will suffer more than the players under this intransigent stance as front offices grapple with yet another minimal increase that would represent a 5.03 percent growth in the cap over five seasons. It isn’t profligate spending that pushed about half the league into cap distress this season and necessary use of LTI to remain compliant. It’s the flat cap.
Thus, more than twice as many players would forfeit additional escrow in order to generate greater opportunity for those on the market. Dollars and sense, it does not equate. GM Billy Guerin’s team started the season an approximate $12.7 million shy because of the combined buyout charges attached to Zach Parise and Ryan Suter. Minnesota will bear that burden for another five seasons.
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