As a result of the ongoing pandemic, the NHL's salary cap has remained flat since the beginning of the pandemic, and it has not been raised significantly for three years. In spite of the fact that owners are raking in revenue and making money as of last season, the salary cap was only raised by $1 million.
If the salary cap were raised above the meager increase of $1 million that Bettman and the league gave teams last season, there might be actual parity in the league again, since more teams might be able to build competitive and fun rosters in the future.
As a result, a greater number of players would be able to stay in the city or region they prefer, unlike Alex Killorn's move to Anaheim, or William Nylander's experience with Toronto's tight cap situation.
While there is no official word on how high it will be raised, there is no doubt that it will be raised as it is a day later and a dollar short, after the owners have been crying poverty for the last three years while raking in large sums of advertising revenue.