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NHL Players Owe Gary Bettman and The NHL More than $70m


PUBLICATION
Sky
June 9, 2023  (2:12)
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The NHL is raising the salary cap due to a significant increase in ad revenue, which has doubled in the past two seasons.

However, fans and players are still concerned as the boost falls short.
The league is considering a modest $1 million cap increase for the upcoming season, with potential for further adjustments.
Despite objections, players must bear escrow, a shared account with owners. The cap is hesitant to rise beyond $1 million due to players' $70 million escrow debt.
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How and why the NHL salary cap could still see a larger increase this offseason

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This situation creates challenges for star players hoping to stay with their preferred teams. Unfortunately, fans suffer from owners' financial issues, while leadership concerns persist under Gary Bettman.

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