Looks like NHL GMs are about to have a lot more money burning a hole in their pockets.

According to estimates released today by the league and the NHLPA, the salary cap is expected to rise by $25.5 million over the next three seasons.

The projections show an initial $7.5 million increase to $95.5 million next season, then rises to $104 million and $113.5 million the following two years.

Several big names are set to land on the market this summer, which is big news for teams looking to add star power to their lineups. Notable players include Toronto Maple Leafs forwards Mitch Marner and John Tavares, recent Carolina Hurricanes addition Mikko Rantanen, and Boston Bruins captain Brad Marchand.

For the Canucks, this offers some wiggle room with key skaters of their own entering negotiations in the coming years. Brock Boeser is at the end of a three-year, $19.95 million contract this year – which pays him $6.65 million annually – and was reportedly searching for an extension with an average annual value starting with an eight. This cap rise will only help Boeser and his camp’s case.

When the salary cap hits its highest at $113.5 million for the 2027-2028 season is when Canucks captain Quinn Hughes will be due for an extension and looking to cash in in a big way. He has developed into the Canucks’ face of the franchise and the heartbeat of the team, one Vancouver will make a serious run at extending.

It also presents the opportunity for Vancouver to fill in gaps that may be left in the aftermath of the ongoing Elias Pettersson and J.T. Miller feud, with a major roster shakeup seemingly on the way.

The salary cap currently stands at $88 million, up $4.5 million from the previous year. This upcoming increase would be the most significant in years, as the cap was frozen during the pandemic and has only risen $6.5 million since 2019.