The Washington Capitals are in debt just like we all are in this economy. At least that’s according to the lovely and reliable CapFriendly.com.
Before I break down their numbers let’s look at what the NHL set the salary cap to this season. Back in March the league announced the figure increased to $83.5 million after it remained lower or flat in the pandemic years.
Finally, right? Well Caps are already in the hole.
Their projected cap hit is at $84,200,834. Their projected cap space is not only $0 but also -$700,834.