New compensation thresholds for NHL offer sheets revealed

Will there be more offer sheets this summer after the St. Louis Blues found success getting Philip Broberg and Dylan Holloway from Edmonton? With the salary cap rising, here are the new offer sheet compensation thresholds.

May 13, 2025 - 21:12
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New compensation thresholds for NHL offer sheets revealed

Here’s what we don’t know: if there will be more offer sheets this summer.

Here’s what we do know: the compensation thresholds. Here are the tiers, ranging from zero compensation to four first-rounders:

OFFER SHEET AAV

COMPENSATION

$1,544,424 or less

None

Over $1,544,424 to $2,340,037

Third-round pick

Over $2,340,037 to $4,680,076

Second-round pick

Over $4,680,076 to $7,020,113

First- and third-round picks

Over $7,020,113 to $9,360,153

First-, second-, and third-round picks

Over $9,360,153 to $11,700,192

Two firsts, one second and one third

Over $11,700,192

Four first-round picks

Teams can start talking to RFAs on the night of June 30, but nothing can be signed until free agency officially begins at 12:01 pm (ET) on July 1.

And remember that, in determining the AAV of an offer sheet, you divide the salary by term length or five — whichever is lower.