The NHL is known for having one of the most stringent salary cap systems in North America, and as the current season approaches its end, the Toronto Maple Leafs are nearing the sport's $83.5 million salary cap limit for the 2023-24 season. The situation became even more intricate following Monday's announcement of an eight-year, $92 million extension for their seasoned center, William Nylander.Toronto Maple Leafs Fans and analysts alike are now left to ponder the implications of this deal for the franchise's future.
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Toronto's obligations to player salaries for the upcoming season are estimated to be around $66.028 million. With only 11 players currently under contract for the 2024-25 season, compared to 29 this year, the team will face challenges in allocating funds for additional roster positions.
Toronto's General Manager, Brad Treliving, faces the challenge of building a championship-level Stanley Cup team while adhering to a tight budget, even with an anticipated increase in the salary cap for the following season. Nylander's adjusted cap hit is projected to be $11.5 million for 2024-25, according to sources. This will bring the total number of players on the roster with cap hits over $10 million to four, all of whom are forwards: Auston Matthews ($13.25 million), John Tavares ($11 million), and Mitch Marner ($10.9 million).
Betting odds suggest the Leafs are positioned between +1100 and +1300 to clinch the Stanley Cup this season. Complicating matters is the status of unrestricted free agents Tyler Bertuzzi and Maxi Domi, who together contributed $8.5 million to Toronto's salary this year. Spotrac.com Toronto is clearly in a win-now mentality. However, in light of Nylander's recent contract, an important question arises: Is it possible for the team to construct a championship-caliber roster in 2024 while adhering to the imposed salary cap constraints?
Ontario sportsbook apps Analysts have recently evaluated the current roster's free agents to assess the team's future trajectory. And remember to stay connected for the latest updates.
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- Matt Murray*: $6.250M
- Jacob Muzzin*: $5.625M
- Tyler Bertuzzi: $5.5M
- T.J. Brodie: $5M
- John Klingberg: $4.15M
- Max Domi: $3M
- Martin Jones: $875,000
- Mark Giordano: $800,000
- William Lagesson: $775,000
Total for 9 UFA Maple Leafs: $31.975M
Can the Leafs Maintain Compliance with the NHL Salary Cap Next Season?
The NHL salary cap is set at $83.5 million, following five years of gradual increases. According to Commissioner Gary Bettman, this cap is projected to rise to $87.7 million next season. The Leafs are among 17 teams that currently have no cap space available, as reported by Spotrac.
If all nine of Toronto's unrestricted free agents are re-signed for their previous salaries, the team would face a combined salary obligation close to $32 million for the 2024-25 season. This would push their total salary cap figure to around $96 million, significantly exceeding the anticipated cap figure for 2024-25. However, this estimated figure remains lower than the current payroll of $99,621,448 (as detailed by Spotrac), highlighting the complexities surrounding the salary cap in the NHL. This total includes waivers for players on two-way contracts (AHL and NHL) along with other trade expenses and retention fees. Thus, the Leafs are likely to face significant challenges in retaining their current players once the season concludes.NHL Stanley Cup odds Currently, it is known that the Leafs have +600 odds to win the Eastern Conference, according to various betting platforms. One assurance is that Toronto has successfully secured Nylander's long-term commitment, addressing a significant concern for the team.
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Christopher Boan works as an iGaming journalist at deereplanet.com and has been analyzing sports and betting trends in both Canada and the United States for over ten years.NorthStar Bets Ontario Sportsbook Cited by prominent media outlets, such as:
