The National Hockey League (NHL) has made a rare decision to allow the Columbus Blue Jackets an exception to the salary cap floor rule for the start of the 2024-25 season. This decision comes in response to the unexpected passing of star player Johnny Gaudreau in late August.
Financial Impact
With Gaudreau’s $9.75 million salary removed from their payroll, the Blue Jackets found themselves significantly below the league’s mandated salary cap floor of $65 million for the upcoming season. Under normal circumstances, NHL teams must meet the cap ceiling and floor by the roster deadline, typically set in early October.
Given the exceptional circumstances, the NHL has waived the October 7 roster deadline for the Blue Jackets to meet the cap floor. According to reports from The Athletic, the league expects Columbus to reach the $65 million floor within a “reasonable time.” This decision gives the team flexibility as they adjust their roster and finances.
Current Situation
Despite Gaudreau’s salary loss, a $2 million signing bonus paid to him in July will still count toward the Blue Jackets’ cap number. Projections suggest the team will be approximately $1.4 million under the floor when the season begins.
Next Steps
Blue Jackets General Manager Don Waddell has expressed interest in adding to the roster, potentially targeting veteran players. The team may also be active on the waiver wire before the season starts, which could help increase their total cap figure.
While this situation arose from tragic circumstances, the NHL and the NHL Players’ Association (NHLPA) have shown understanding by granting the Blue Jackets additional time to address their cap compliance issues.
