The NHL announced Saturday that the salary cap is increasing to $88 million for the 2024-25 season. That's a jump of $4.5 million from 2023-24, a 5.39-percent increase, the largest since 2017-18 to 2018-19, when the cap went up 6 percent.
For the Sharks, who have been shedding salary in recent years, that's going to leave them plenty of space to improve around 2023 fourth-overall pick Will Smith and soon-to-be No. 1 overall pick of the 2024 NHL Draft, Macklin Celebrini.
The Sharks could have about $33 million to spend, even after re-signing potential free agents like Luke Kunin, Henry Thrun, Thomas Bordeleau, and Ty Emberson.
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