What is the lowest salary in the NHL.
Hockey and other professional sports have large and expensive contracts that make the headlines.There are a lot of players that don't get the press.How much do the players make?
What is the lowest salary in the NHL?The lowest salary required by the collective bargaining agreement for a player in 2020-21 is $700,000.The minimum salary for NHL players will be raised to $750,000 in the last year of the current collective bargaining agreement.
The current bargaining agreement between the NHL and the players is set to end in 22 years.The lowest salary for a player in the NHL is mapped out by the league every year.
With an expectation that the salary cap will rise, the minimum has been raised but not pegged at a percentage of the cap.
The existing agreement has been extended by four years.The league minimum salary will increase in the final two years of the extension.
There are 10 years in the current bargaining agreement and 4 additional years for the minimum salary in a Standard Players Contract.
Who makes the minimum salary in the league?There is a chart at the bottom of the article about the current players in the NHL who make the minimum salary.The players on this chart may be there one day, but not the next.
There are not many household names when you look at the players names.The types of players that fit into the lowest salary players are either rookies or journeyman players.
Carter Hart, Samuel Girard and Frederik Gauthier are some of the rookies who make the minimum.
Some of the veteran players who are at the end of their careers are now making the minimum.They may have been able to make more money on a different team, but will often take less money to play in a Stanley Cup Final.
Most of the players are either too good for the minor league to be a regular in the NHL, or they are not good enough.The list includes press box sitters.Unless you follow the teams, you don't know who they are.
Veteran players who used to make a lot of money, but took a minimum contract because they wanted to keep playing, are an interesting subset of this list.
They can still help the team out, but they usually take less money to be on a good team because they want to win a Stanley Cup again.There is a list of players.
About 9% of players in the NHL make the minimum, which is a very fluid list.Out of 700 players, 98 make the league minimum.
I wasn't expecting that high of a percentage to only be making the league minimum.This has been exaggerated due to the COVID Pandemic.The salary cap was flat so teams didn't have as much money to spend on players.
There was an extra 30 players being paid the minimum because of this.
NHL players salaries are similar to other professions in that the few people at the top make most of the money.
In the current year, the maximum salary a player can earn is 20% of the team salary cap.The range of salaries in the NHL this year could be as high as 16.3 million and as low as 700K.
John Tavares and Austin Matthews are both making more than 15 million dollars this year, but they are not the highest-earning players.The average value of their contracts over the lifetime of them is $11 million, which is a little deceiving.The NHL allows players to be paid different sums in different years.
The bottom 65 players in the NHL make less than the top three players this year, which is why it's important to look at it in a different way.