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NHL to raise salary cap to $87.7 million ahead of Jake Guentzel extension

Looking for good news in the wake of the Penguins’ back-to-back extra-time losses to the Philadelphia Flyers?

The NHL has some for you. The league announced during Monday’s Board of Governors meeting that the 2024-25 salary cap is set to jump to $87.7 million, per ESPN’s Ryan S. Clark.

That’s a $4.5 million escalation from the $83.5 million cap this season, marking the league’s largest cap increase since the 2019-20 campaign, according to Clark.

That could be just enough to help the Penguins finally complete an extension for pending unrestricted free agent Jake Guentzel, who is in the last year of the five-year, $30 million contract he signed in 2018.