Interesting part of today's #NHL / #NHLPA memo to teams is that this isn't merely a projection of cap increases, but an agreement between the two parties.

2025-26
Upper Limit: $95.5m
Lower Limit: $70.6m

2026-27
Upper: $104m
Lower: $76.9m

2027-28
Upper: $113.5m
Lower: $83.9m

— Frank Seravalli (@frank_seravalli) January 31, 2025