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NHL enters new era with rising cap, empowered players, and GM turnover

The NHL is entering a transformative era with a rapidly rising salary cap, empowered players in contract years, and a shifting leadership landscape. Commissioner Gary Bettman acknowledges succession discussions are underway.

Headshot of Cale Makar

What Happened

According to Sportsnet, the NHL is entering a new era marked by significant change. Cale Makar is now the first $20 million player, and the salary cap could reach $127.5 million by fall 2028. Commissioner Gary Bettman, who will turn 75 next June, has acknowledged that succession discussions are underway. Meanwhile, several prominent general managers are absent from their roles, and multiple impact players face unsettled contract situations as the 2026-27 season begins.

Key Details

  • Cale Makar is the first $20 million player; Quinn Hughes is close behind.
  • The salary cap could reach $127.5 million in fall 2028.
  • Gary Bettman, 75 next June, says succession discussions are underway.
  • Lou Lamoriello attended the Board of Governors but no longer holds a GM chair.
  • Steve Yzerman and Doug Armstrong were absent from the Board of Governors.
  • Unsettled contract situations include Connor Hellebuyck, Dylan Larkin, Nikita Kucherov, Quinn Hughes, Simon Edvinsson, and Alexander Nikishin.

What It Means

The NHL is experiencing a power shift. Players are more willing to push for leverage, as seen in rising salaries and unresolved contract standoffs. Teams are also rethinking leadership, with Eric Tulsky's Stanley Cup win in Carolina encouraging alternative paths to GM roles. The combination of a soaring cap and empowered players could lead to more aggressive negotiations and roster movement throughout the season.

What's Next

Opening Day for the 2026-27 season is Tuesday. Contract situations for players like Connor Hellebuyck, Dylan Larkin, and Quinn Hughes will remain a focus. Succession planning for Commissioner Gary Bettman is expected to continue.

Sources

This HockeyDesk brief summarizes reporting published by the sources below. HockeyDesk did not conduct the original interviews or reporting.

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