The Average Salary of a NHL Hockey Player
The average salary for NHL players registered about $2.4 million, according to Forbes magazine. The league’s minimum player salary for this season was $500,000 a year. This figure was scheduled to increase to $525,000 for the 2011-2012 season. The NHL imposes team salary caps. The 2010-2011 salary cap topped off at $59.4 million per team. The NHL also has a player salary cap that stipulates that a single player’s annual salary cannot exceed 20 percent of the overall team salary cap. This means that the maximum annual salary allowed for a single player under the $59.4 million team cap would be approximately $11.9 million.
A handful of elite NHL players boast salaries near the league maximum. The highest-paid players tend to be goal-scoring forwards. Tampa Bay Lightning center Vincent Lecavalier’s $10 million salary ranked as the highest in the NHL for the 2010-2011 season, according to Forbes. Rising stars Sidney Crosby of the Pittsburgh Penguins and Alexander Ovechkin of the Washington Capitals commanded comparable salaries for the 2010-2011 season, hauling in $9 million apiece. Ten players in all enjoyed salaries of more than $8 million for this season. In addition to massive salaries, famous players also make lots of money with lucrative endorsement deals. For instance, Sidney Crosby held the most endorsements of any NHL player in 2010, earning more than $1 million from his Reebok endorsements alone.
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