The world of professional hockey is a high-stakes arena, not just on the ice, but also in terms of player compensation. With the maximum salary cap set at $83.5 million for the 2023-24 season and the average NHL salary hovering just over $3.5 million, it’s natural to wonder: How Much Do Hockey Players Make? While NHL betting isn’t directly impacted by player salaries, understanding the financial landscape of the league provides valuable context.
Last season, the NHL salary cap was $82.5 million, marking a $1 million increase for the current season. This article breaks down the NHL salary structure, highlighting minimum wages and showcasing the league’s highest earners.
NHL Player Salaries: A Closer Look
While the average NHL salary is around $3.5 million, there’s a significant range in player earnings. The minimum salary in the NHL is $750,000, a slight increase from $700,000 in the 2020-21 season. This minimum wage is scheduled to increase to $800,000 in the 2025-26 season.
Interestingly, many players who play in the AHL but are signed to one-way contracts earn the NHL minimum wage. This means they receive the same salary regardless of whether they play for their designated AHL team or the NHL team. This can be a significant advantage for players looking to break into the NHL.
The Highest-Paid NHL Players
The NHL features some of the most talented and exciting athletes in the world, and their salaries reflect their value to their respective teams. Here’s a look at some of the highest-paid players in the NHL:
| Player | Team | Average Yearly Salary |
|---|---|---|
| Nathan MacKinnon | Colorado Avalanche | $12.6 million |
| Connor McDavid | Edmonton Oilers | $12.5 million |
| Artemi Panarin | New York Rangers | $11.64 million |
| Auston Matthews | Toronto Maple Leafs | $11.64 million |
| Erik Karlsson | Pittsburgh Penguins | $11.5 million |
| David Pastrnak | Boston Bruins | $11.25 million |
| John Tavares | Toronto Maple Leafs | $11 million |
| Drew Doughty | Los Angeles Kings | $11 million |
| Mitchell Marner | Toronto Maple Leafs | $10.9 million |
| Jonathan Huberdeau | Calgary Flames | $10.5 million |
These players represent the elite of the NHL, commanding top salaries due to their exceptional skill, leadership, and impact on their teams’ success.
NHL Betting Opportunities
For fans looking to add another layer of excitement to the game, BetMGM offers a variety of NHL betting options. From Stanley Cup futures to in-season puck lines, over/under totals, and player props, there are always opportunities to get in on the action.
Whether you’re interested in checking out New Jersey Devils odds or Columbus Blue Jackets odds, BetMGM’s online sportsbook provides an easy-to-navigate platform for all your hockey betting needs. New users can also take advantage of sportsbook welcome promos and other offers.
Understanding NHL Player Salaries: Key Takeaways
Understanding how much hockey players make involves more than just looking at the average salary. It requires considering factors like minimum wages, the salary cap, and the highest-paid players in the league. This knowledge provides valuable insight into the business side of hockey and can enhance your appreciation for the sport. Whether you’re a casual fan or a seasoned hockey bettor, understanding the financial aspects of the NHL adds another dimension to your enjoyment of the game.
