Let the madne s begin. Free agency in the NHL officially begins this weekend, as players whose contracts are expiring get set to hit the open market. To be completely blunt, this free agency cla s is underwhelming. There are not a lot of quality names available, as a majority of the bigger players have re-signed deals with their Mark Vientos Jersey clubs before hitting the open market. With that said, there are still a plethora of solid options available that will undoubtedly improve some clubs, and numerous trade targets as well. With the salary cap increasing a bit, it gives organizations a little more flexibility financially, but not by much. MORE: The Sporting News takes a look at the available cap space for all 32 teams to use during this offseason. What is the 2023-24 NHL salary cap? The NHL has set the salary cap at $83.5 million for the 2023-24 season. It is a $1 million increase from the previous year. The cap floor that all teams must meet is set at $61.7 million. No team is allowed to operate under this number during the season. When does NHL free agency start? Date: Saturday, July 1 Time: Noon ET NHL free agency begins on Saturday, July 1, which is the first official day of the 2023-24 NHL season. Free agency starts at 12 p.m. ET that day. Teams are allowed to talk to their own players before noon on July 1st; however, opposing teams cannot speak to the players until free agency officially begins. 2023-24 projected cap space per team Entering the 2023 offseason, the Ducks have the most cap space for next season, with just under $40 million available. The Blackhawks and Red Wings also have more than $30 million in cap space for the 2023-24 campaign. Here is a look at the projected cap space for each team, according to . Cap space as of June 30 Team Projected cap space Anaheim Ducks $39,048,333 Chicago Blackhawks $37,594,977 Detroit Red Wings $30,665,278 Arizona Coyotes $28,248,460 Carolina Hurricanes $22,123,083 Seattle Kraken $20,343,424 Nashville Predators $18,769,422 Ottawa Senators $17,073,096 Pittsburgh Penguins $15,208,158 Buffalo Sabres $14,459,763 San Jose Sharks $14,079,166 New York Rangers $11,762,918 Boston Bruins $10,937,500 Philadelphia Flyers $10,372,905 Florida Panthers $10,262,499 New Jersey Devils $10,207,500 Winnipeg Jets $8,992,144 Colorado Avalanche $8,575,000 Minnesota Wild $8,293,912 Washington Capitals $7,313,332 Toronto Maple Leafs $6,743,551 Vancouver Canucks $6,444,583 Dallas Stars $5,144,671 Edmonton Oilers $5,070,000 Columbus Blue Jackets $4,754,168 New York Islanders $4,536,667 Los Angeles Kings $4,536,666 St. Louis Blues $3,935,237 Vegas Golden Knights $3,462,517 Calgary Flames $2,400,000 Tampa Bay Lightning $450,000 Montreal Canadiens $-1,259,165 Sean Manaea Jersey
Let the madne s begin. Free agency in the NHL officially begins this weekend, as players whose contracts are expiring get set to hit the open market. To be completely blunt, this free agency cla s is underwhelming. There are not a lot of quality names available, as a majority of the bigger players have re-signed deals with their Mark Vientos Jersey clubs before hitting the open market. With that said, there are still a plethora of solid options available that will undoubtedly improve some clubs, and numerous trade targets as well. With the salary cap increasing a bit, it gives organizations a little more flexibility financially, but not by much. MORE: The Sporting News takes a look at the available cap space for all 32 teams to use during this offseason. What is the 2023-24 NHL salary cap? The NHL has set the salary cap at $83.5 million for the 2023-24 season. It is a $1 million increase from the previous year. The cap floor that all teams must meet is set at $61.7 million. No team is allowed to operate under this number during the season. When does NHL free agency start? Date: Saturday, July 1 Time: Noon ET NHL free agency begins on Saturday, July 1, which is the first official day of the 2023-24 NHL season. Free agency starts at 12 p.m. ET that day. Teams are allowed to talk to their own players before noon on July 1st; however, opposing teams cannot speak to the players until free agency officially begins. 2023-24 projected cap space per team Entering the 2023 offseason, the Ducks have the most cap space for next season, with just under $40 million available. The Blackhawks and Red Wings also have more than $30 million in cap space for the 2023-24 campaign. Here is a look at the projected cap space for each team, according to . Cap space as of June 30 Team Projected cap space Anaheim Ducks $39,048,333 Chicago Blackhawks $37,594,977 Detroit Red Wings $30,665,278 Arizona Coyotes $28,248,460 Carolina Hurricanes $22,123,083 Seattle Kraken $20,343,424 Nashville Predators $18,769,422 Ottawa Senators $17,073,096 Pittsburgh Penguins $15,208,158 Buffalo Sabres $14,459,763 San Jose Sharks $14,079,166 New York Rangers $11,762,918 Boston Bruins $10,937,500 Philadelphia Flyers $10,372,905 Florida Panthers $10,262,499 New Jersey Devils $10,207,500 Winnipeg Jets $8,992,144 Colorado Avalanche $8,575,000 Minnesota Wild $8,293,912 Washington Capitals $7,313,332 Toronto Maple Leafs $6,743,551 Vancouver Canucks $6,444,583 Dallas Stars $5,144,671 Edmonton Oilers $5,070,000 Columbus Blue Jackets $4,754,168 New York Islanders $4,536,667 Los Angeles Kings $4,536,666 St. Louis Blues $3,935,237 Vegas Golden Knights $3,462,517 Calgary Flames $2,400,000 Tampa Bay Lightning $450,000 Montreal Canadiens $-1,259,165 Sean Manaea Jersey