Gary Bettman announces a major increase in the salary cap next season

According to what The Athletic's Pierre LeBrun reports, after a four-hour Board of Governors meeting, Gary Bettman told the assembled media in New York that the balance of the escrow will likely be paid back at the end of the season by the players.

If that is likely to be the case, the salary cap will jump by about $4 million this summer.

On the other hand, if he is not fully paid, the cap will increase by a single million.

Quite honestly, this is great news for teams!

MUST READ

2 hours ago  |  By Chris Gerics Maple Leafs Escape Injury Scare as Defenseman Returns to Game vs. Flames

5 hours ago  |  By Chris Gerics Toronto Maple Leafs Make Breaking Announcement on Mitch Marner's Status

6 hours ago  |  By Chris Gerics More Details Emerge Regarding Mitch Marner's Mysterious Absence

8 hours ago  |  By Chris Gerics Maple Leafs May Have Found the Perfect Trade Partner After Devastating Injury News

10 hours ago  |  By Chris Gerics Elliotte Friedman Reveals Top-Four Defenseman Now on the Trade Block

11 hours ago  |  By Chris Gerics Nashville Predators Place Player on Waivers, per Elliotte Friedman

11 hours ago  |  By Chris Gerics Toronto Maple Leafs Confirm Starting Goaltender Despite Morning Skate Concerns

12 hours ago  |  By Chris Gerics Unfortunate News Strikes Maple Leafs Regarding Mitch Marner

MORE STORIES