The salary cap is $83.5 million this season, up $1 million from 2022-23. It was $81.5 million from 2019-21 because of the financial impact of the COVID-19 pandemic.approximately $87.675 million

The NHL salary cap is expected to rise to approximately $87.675 million for the 2024-25 season, the league announced at the Board of Governors meeting Monday. The salary cap currently sits at $83.5 million for the 2023-24 season after a $1 million rise from 2022-23.The NHL salary cap for this upcoming season is $87.7 million, while CapFriendly predicts that the cap hit for the 2025-26 season will be closer to $92 million.

When did salary cap start in NHL : 2005-06

Overall, the salary cap varies on a year-to-year basis, calculated as a percentage of the NHL's revenue from the previous season. The salary cap was introduced for the 2005-06 season, set at US$39 million per team.

What are the top 10 salaries in the NHL

Cap Hit

• Auston Matthews. TOR, C. $13,250,000.
• Nathan MacKinnon. COL, C. $12,600,000.
• Connor McDavid. EDM, C. $12,500,000.
• Artemi Panarin. NYR, LW. $11,642,857.
• Elias Pettersson. VAN, C. $11,600,000.

What is the minimum salary in the NHL : 750 thousand U.S. dollars

The minimum salary for players in the NHL amounted to 750 thousand U.S. dollars in the 2023/24 season. The minimum salary for the league is agreed upon in the Collective Bargaining Agreement (CBA), which is a basic contract between the NHL and the NHL Players' Association.

As it is a 'hard cap,' there are no exemptions. However, if a player is injured and it's thought that they will miss at least 10 NHL games and 24 days in the season, their team can put them on long-term injured reserve (LTIR). By doing so, they can surpass the salary cap.

Cap hit is calculated by dividing the total salary plus signing bonuses of a contract by the contract's length. Performance bonuses are not included in a player's cap hit, but will affect a team's cap and a player's cap hit if the performance bonuses are achieved.

Who is the richest hockey player

After playing professionally for over two decades, Gretzky retired in 1999 with over 60 NHL records under his belt. His incredible ability has made him the richest player on our list, with investments in property, a vineyard and sports team ownership.With each player taking home a handsome 8.32 million U.S. dollars every year, the NBA is the professional sports league with the highest player wages worldwide.The minimum salary for players signing contracts in the 2023-2024 NBA season amounted to over 1.1 million U.S. dollars. This is the first time that the minimum salary has exceeded the one million dollar mark, with the minimum salary in the 2021-2022 season estimated at just over 925 thousand U.S. dollars.

NHL players sign a contract which stipulates how much they get paid over the course of a season. They receive regular pay cheques just like any salaried worker. They get paid whether they are at home or on the road the same as a normal salaried worker gets paid on both the weekdays and weekends.

What is the lowest NHL salary : $750,000

How Much Do NHL Players Make While the average salary is $3.5 million, the minimum wage is $750,000, slightly up from $700,000 in 2020-21.

What was Gretzky salary : Wayne Gretzky's Contract History

In that contract, he agreed to a 2-year deal worth $13,000,000, with an average salary of $6,500,000 per year. The contract did not specify signing bonuses, and Gretzky retired after playing his last game in the 1998-99 season.

What was Gretzky’s salary

Wayne Gretzky's contract history includes a significant deal he signed in 1997. In that contract, he agreed to a 2-year deal worth $13,000,000, with an average salary of $6,500,000 per year. The contract did not specify signing bonuses, and Gretzky retired after playing his last game in the 1998-99 season.

What is Wayne Gretzky's Net Worth as of 2024

Name	Wayne Gretzky
Net Worth	$250 million
Age	62 years
Residence	California
Marital Status	Married

Best-paid athletes in 30 sports

• Lowest-paying sport: women's bowling.
• Highest-paying sports (tie): baseball and boxing.
• Gender breakdown: 32 men, 11 women.
• Total money earned: $238,536,500.
• Average amount earned per athlete: $5,547,360.

Who are the four sports billionaires : From Tiger Woods to Michael Jordan, check out these men who are as active in business as they are in the field.

• Michael Jordan – $3 billion.
• Tiger Woods – $1.72 billion.
• Cristiano Ronaldo – $1.24 billion.
• Magic Johnson – $1.2 billion.
• Lionel Messi – $1.15 billion.
• Roger Federer – $1.09 billion.