Bettman provides update on NHL's salary cap situation for 2023-24 season

"Gary Bettman says the players' escrow debt won't be paid off by the end of the season. That likely means a $1M salary cap increase next season, with a much larger bump expected for 2024-25." Johnston said in a tweet.

"There was a $1.1 Billion Escrow Debt from the pandemic owing from NHL players to Owners. By end of this season, the balance will be down to $70 million. In other words, 93% of the Escrow Debt will be paid off.

So Gary will hold several of his teams and all the players hostage by only allowing a $1M bump to the Upper Limit instead of a modest $3M rise justified by next seasons projections. Maybe the players should just decertify the Union and get rid of Gary's triple hard cap system.

Do you know who else Gary is holding hostage here? THE FANS!!!

Gary's own projections for next season would allow for a $3M rise in the cap and a pay down of the entire remaining balance of the $70 Million Escrow Debt." Walsh said in a series of tweets.