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Boston Will Have Significant Salary Cap Overages in 2023-24


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Dorin Canaday
April 23, 2023  (1:02 PM)
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As the NHL salary cap is projected to increase by a mere $1 million for the 2023-24 season, the Boston Bruins find themselves among a handful of teams grappling with substantial overages, facing a steeper challenge compared to others.

Over the past summer, Bruins' General Manager Don Sweeney successfully negotiated one-year contract extensions with seasoned players Patrice Bergeron (with a $2.5 million cap hit) and David Krejci (with a $1 million cap hit). Nonetheless, Bergeron's salary consists of a $1 million signing bonus and a $1.5 million base salary, while Krejci's contract includes a $2 million performance bonus.

Is the Price Tag Justified?

The Bruins, having temporarily surpassed the cap during the regular season by utilizing the Long-Term Injured Reserve (LTIR), ended up with a final team cap hit exceeding the $82.5 million limit.
Consequently, the performance bonuses must be carried over to the following season, posing a financial challenge for the team.
As per Puck Pedia:
At the conclusion of the season, the performance bonuses earned by players are added to their team's final season cap hit. If the resulting total exceeds the cap ($82.5 million), the excess is a cap hit for the following season as a performance bonus carryover overage cap charge.

Here are the top 15 teams confronting cap overages in the 2023-24 season, with Boston topping the list:
BOS: $4,500,000
PHI: $1,187,500
MTL: $1,170,000
EDM: $850,000
VAN: $850,000
COL: $637,500
NYR: $610,891
CAR: $450,000
NJD: $422,500
DAL: $372,829
FLA: $212,500
SEA: $129,910
SJS: $25,000
STL: $20,000
WSH: $20,000
Sweeney had to resort to the long-term injured reserve on several occasions this season. However, this strategy enabled him to acquire Tyler Bertuzzi, Dmitry Orlov, and Garnet Hathaway without giving up significant assets from his roster.
Is the trade-off worth it?
As read on Bruins Insider - Boston Bruins to Face Substantial Salary Cap Penalty Next Season.
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Boston Will Have Significant Salary Cap Overages in 2023-24

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