I don't think it effects this year's cap.
I think they just need to have the average salary of the contract there for next year.
I'll go check.
Here is what NHLCBA.com says
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Player contracts will not be renegotiated (upward or downward) during their term. Extensions may be negotiated but only in the final year of the contract and only if such extension is for an amount that can be accommodated in a Club's upper limit for the current year or as computed for future years.
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