The midpoint will be approximately $76.5 million, with a cap floor of $65 million. Although the location of the cap for the 2024�2025 season was unknown, it is a pleasant surprise that it is higher than anticipated.
There are a few implications for the cap's rise, but the primary one is that it grew faster than anticipated. Although many NHL fans dislike Gary Bettman, you have to acknowledge that, aside from a few very poor decisions that he can't fully be held responsible for, like moving Atlanta to Winnipeg and, more recently, Phoenix to Utah, he's doing a pretty decent job.