The end of the regular season also means the end of daily salary cap calculations across the NHL. With no more cap-related transactions left in the year, 11 teams have officially finished over the salary cap because players on entry-level or 35+ contracts earned performance bonuses that put them above the upper limit. They’ll carry bonus overage penalties in 2025-26 as a result. Those teams break down as follows, per PuckPedia :
Carolina Hurricanes: $33K – $1.076MM
Carolina’s numbers vary wildly here because of the $1.0375MM bonus rookie defenseman Alexander Nikishin will incur if he wins the Conn Smythe. Their guaranteed $33K penalty comes from Logan Stankoven ’s post-acquisition games-played bonuses. There’s the potential for an additional $5K penalty if rookie Juha Jaaska plays at least two playoff games. Carolina ends the year in LTIR, so they can’t afford any bonuses. They don’t have any other cap charges next year.
Dallas Stars: $368K
The Stars ended the year in LTIR, so all of Wyatt Johnston ’s $319K in Schedule A bonuses and Logan Stankoven ’s $49.5K games-played bonus, which they paid out before he was traded to the Hurricanes, count as penalties next year. Their total dead cap charges will total $1.801MM with another year of Ryan Suter ’s buyout on the books.
Detroit Red Wings: $871K
Detroit ended the year with a comfortable $2.02MM in cap space but had $2.888MM in performance bonuses to dole out, so they’ll get hit with a six-figure penalty next year. Patrick Kane hit $1.75MM in games played bonuses this year as part of his 35+ contract, while Simon Edvinsson and Marco Kasper each hit multiple Schedule A bonus categories for $638K and $500K in respective bonuses. They also have a $1.056MM cap charge next season for the final year of Justin Abdelkader ’s buyout, bringing their total dead cap next season to $1.927MM.
Edmonton Oilers: $150K – $250K
All of the Oilers’ penalties stem from Corey Perry ’s 35+ contract after ending the season in LTIR. He’s already earned $150K in games played bonuses and could earn up to $100K in playoff bonuses – $50K if the Oilers win two rounds and Perry plays in either half of the second-round games or half of the total first and second-round games, and another $50K if they win three rounds and Perry plays in either half of the Western Conference Final games or half the total games through the WCF. That’s on top of the $2.3MM cap charge Edmonton faces from buying out Jack Campbell .
Los Angeles Kings: $213K
It’s simple here – the Kings couldn’t fit the performance bonus earned by Brandt Clarke for hitting 25 assists. That gives them $813K in dead cap next year, combined with the Mike Richards buyout.
Minnesota Wild: $1.1MM – $1.15MM
The Wild ended the year with just $36K in cap space, so virtually all of the performance bonuses earned by Marco Rossi and Brock Faber hitting their full complement of Schedule A targets ($850K and $250K, respectively) will count as a penalty. The number could increase slightly if rookie defenseman Zeev Buium plays five playoff games or wins the Conn Smythe, each landing him a $25K bonus. Minnesota’s total dead cap charges will be at least $2.767MM with Zach Parise ’s and Ryan Suter ’s buyouts still on the books, albeit at a drastically reduced cost from the last few years.
Montreal Canadiens: $1.728MM – $2.308MM
All of the Canadiens’ performance bonuses awarded this season will count toward their overage because they ended the year with Carey Price on long-term injured reserve to remain cap-compliant. Star rookie Lane Hutson maxed out his Schedule A bonuses for $750K, Juraj Slafkovsky earned $500K in A bonuses for finishing top-six among Montreal forwards in average time on ice and top-three in plus-minus rating, defenseman Kaiden Guhle maxed out his $420K in A bonuses, and rearguard Jayden Struble earned his $57.5K games played bonus. Their penalty will increase based on the performance bonuses rookie Ivan Demidov incurs in the postseason. He’ll earn $25K for five playoff appearances, $30K for 10, and a whopping $525K bonus if he wins the Conn Smythe Trophy. The Habs don’t have any other dead cap charges next year, but still have to contend with the final year of Price’s deal.
New Jersey Devils: $1MM
The Devils ended the season in long-term injured reserve and thus can’t afford reigning Calder Trophy finalist Luke Hughes ’ $1MM in Schedule A bonuses. At present, it’s the only dead cap charge New Jersey will have next year.
New York Islanders: $600K – $850K
Mathew Barzal ’s and Semyon Varlamov ’s LTIR placements kept the Isles cap-compliant at season’s end, so the entirety of Matt Martin ’s $100K in games played bonuses and Maxim Tsyplakov ’s $500K in Schedule A bonuses (plus-minus and ice time). If Tsyplakov makes the NHL’s All-Rookie Team, he’ll incur an additional $250K bonus. New York doesn’t have any other dead cap charges next year.
St. Louis Blues: $2.153MM
The Blues are currently set to incur the most significant bonus overage penalty of any team next year. Most of that comes from the $2.225MM in performance bonuses awarded to veteran Ryan Suter in his 35+ contract last summer. He earned all of them, while sophomore Zachary Bolduc earned a $212.5K bonus for finishing in the top three in plus-minus rating among St. Louis forwards. Those, less the Blues’ $284K in season-ending cap space, give them a bonus overage carryover penalty of $2.153MM. Barring any buyouts this summer, that will comprise their entire dead cap hit for 2025-26.
Toronto Maple Leafs: $626K
Since they ended the season in LTIR, the performance bonuses Max Pacioretty earned for playing 37 games on his 35+ contract will count against the Leafs’ cap next year. As things stand, they could begin the year with an additional $300K in dead cap if Ryan Reaves and Matt Benning are buried in the minors as they were to end 2024-25.
The Capitals could find themselves added to this list if rookie Ryan Leonard wins the Conn Smythe. He’s owed $275K if he does, which the Caps can’t accommodate after ending the year in LTIR.
Photo courtesy of Timothy T. Ludwig-Imagn Images.