Chris Pronger explains how much income NHL players actually bring home (2024)

Chris Pronger explains how much income NHL players actually bring home (1)

Arun Srinivasan

·Contributing Writer

·6 min read

Chris Pronger explains how much income NHL players actually bring home (2)

Transitioning to the second phase of life when your playing career wraps up is one of the toughest things for professional athletes, and former Hart Trophy winner Chris Pronger wanted to share his expertise with the world. Pronger, an 18-year NHL veteran who made nearly $114M over his career, broke down what the take-home pay would be on a five-year contract with an average annual value of $6 million, with the goal of illustrating financial literacy.

Pronger started the first of two major threads on April 4, stating that he was one of the highest-earning NHL players of his era, but by his estimate, more than 50 percent of players struggle with financial problems after retirement.

“An athlete can easily spend $20k/month,” Pronger wrote. “And since the avg. career is 4 seasons, an athlete might have $2m-$3m in savings when they’re done. But with spending habits already formed, in a few years there will be issues. And in my opinion, this is a fairly optimistic scenario.”

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Twitter being Twitter of course, a lot of people didn’t take Pronger’s advice in good faith, questioning why a multi-millionaire athlete is speaking about financial hardship, when most people would have to work a lifetime to achieve a fraction of his earnings.

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Pronger should earn the benefit of the doubt here, however. It didn’t appear that he was flaunting his wealth, but merely speaking to the very real problem of post-career bankruptcy which has plagued athletes across several different professional sports.

It wasn’t all bad. Some saw Pronger’s willingness to share his experience as a step in the right direction.

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For now, we look forward to next week where Pronger may share his third tweet-thread of how to budget on a salary that we can only dream of.

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Chris Pronger explains how much income NHL players actually bring home (2024)

FAQs

How much money did Chris Pronger make? ›

How much NHL players really make? ›

The average NHL salary is $3.5 million per year. The NHL salary cap is $82.5 million for the 2022-23 campaign. The minimum wage is $750,000 for the 2022-23 season.

How much of NHL players salary is escrowed? ›

Under this system, when players' salaries exceed HRR, money in the escrow account is paid back to the teams until the parties reach the agreed upon 50-50 split. Whatever is left in the escrow account after the split is reached is returned to the players.

Who made the most money ever in the NHL? ›

Jaromír Jágr: Right Wing, Retired. In 2001, the Capitals signed Jágr to a seven-year contract worth $77 million, the largest the league had ever seen. The Czech hockey star earned $11 million per season at his peak.

Do NHL players get paid if they retire? ›

If a player retires, any remaining signing bonus(es) is/are no longer payable, although if the contract took effect after the player turned 35 the full cap hit of the contract will still be charged to the team.

How much do NHL players get for retirement? ›

NHL Service

Full Service: You've been in the league for ten years and have received 82 games per season for pension purposes. If you reach this threshold, you will receive the maximum pension benefit, currently $255,000 per year. Partial Service: You've spent time with the big club, but also in the minors.

Do NHL players get their own hotel room? ›

The collective-bargaining agreement now rules that only players on three-year, entry-level contracts have roommates. After that, every player gets his own room on the road.

Are NHL players paid by the game? ›

Teams withhold the specified amount of a player's cumulative salary and bonuses in each pay period (players are paid on a bi-weekly basis, which equates to 12 paychecks a season), that is calculated by multiplying a player's earnings by the applicable escrow percentage for that period.

How much does the lowest paid NHL player make? ›

What is the minimum salary in the NHL? As of the 2022-23 season, the minimum salary for hockey players in the NHL is $750,000 per year . Players who earn the minimum salary rarely spend as much time on the ice as higher-paying players, but they're still valuable members of their teams.

Why are NHL players paying escrow? ›

The players and league divide all hockey-related revenue evenly, 50-50. Sometimes, the combined salaries of all players exceeds their 50 percent share of revenue that season. In anticipation of this, the league withholds a certain percentage of their salaries during the year, which is put into escrow.

How much are NHL player union dues? ›

How much are the players' union dues? Players pay $30 (USD) per day during the regular season. What is the active player roster limit? There is a maximum of 23 players on each club's active roster.

How much do NHL players owe owners? ›

Nhl Escrow: How It Works And How Much Players Owe

The NHL's escrow system is used to divide hockey-related revenue evenly, with 50% going to the players and the other 50% going to the league.

Who is the richest NHL player still playing? ›

1. Connor McDavid
  • Total Earnings: $15.3 million.
  • On-Ice Earnings: $10.8 million.
  • Off-Ice Earnings: $4.5 million.
Oct 4, 2022

Who is the richest man in the NHL? ›

Wayne Gretzky

Who was the first NHL player to make $1 million a year? ›

1971: Bobby Orr becomes the NHL's first million-dollar man when he signs a new contract with the Boston Bruins. Orr, coming off a record-setting 139-point season in 1970-71, is already the NHL's highest-paid player.

Do NHL players get paid when bought out? ›

Compliance buyouts (sometimes referred to as amnesty buyouts) allow National Hockey League (NHL) teams to buy-out a player's contract by paying him two-thirds of the remaining value of a contract over twice the remaining length of the contract.

Do NHL players get paid in Canadian or American? ›

Every NHL player is paid in American dollars, including those playing in the seven Canadian cities. So can Canadian players, who live year round in Canada, make up the tax gap by being paid in US funds.

Do NHL players get paid per goal? ›

At $5 million a year, a player who scores 50 goals gets $100,000 per goal scored. That seems like a huge number, yet a 50 goal player should easily get paid more than $5 million. At $10 million a year, that's $200,000.

Do NHL hockey players get a pension? ›

Since the plan began in 2012, NHL players earn one-fourth of a year's benefits for every 20 credited games; benefits are fully vested as soon as they are earned. Ten full years of benefits results in the maximum benefit allowed by law.

What do most NHL players do after retirement? ›

Some players even turn to activities like painting, crafting, or writing, like now-author Ken Dryden. The ex-Canadiens goaltender has published six books and even maintained a political career after his retirement in 1979! Hockey is more than just a game, it's a lifestyle.

Do NHL players have a 401k? ›

BOARD OF TRUSTEES OF THE NHL PLAYERS PENSION PLAN's 401k plan is called NATIONAL HOCKEY LEAGUE PLAYERS' PENSION PLAN, which you can use when making inquiries.

Do hockey players eat after a game? ›

The players depend on this crucial recovery meal to meet their macronutrient needs, which includes healthy fats like avocados, powerful proteins like wild Alaskan salmon, high fiber and complex carbohydrates like beans, brown rice or quinoa. In addition, this meal must be brimming with micronutrients as well.

Do NHL players share hotel rooms on the road? ›

-- Having hotel roommates on road trips used to be standard practice in the NHL until fairly recently. Since the 2013 revision of the collective bargaining agreement, any player not on an entry-level contract is guaranteed their own room on the road.

What is the NHL quiet room? ›

The most significant purpose of the quiet room is simply to remove players who may have sustained a head injury to a location that is free of distractions, where the team physician can conduct a variety of tests. The area itself is often the trainer's room or perhaps even the coach's room.

How much does each player get for winning the Super Bowl? ›

According to the latest Collective Bargaining Agreement with the NFL, each member of the winning team will pocket $157,000, a $7,000 bump over what the Los Angeles Rams earned last year. Winners of Super Bowl LVIII next year will receive $164,000. They'll get those checks within 15 days of the game.

How much does each player get if they win the Stanley Cup? ›

NHL players do not get paid a separate salary for playing in the postseason. League rules actually prohibit NHL teams from paying their players bonuses for making the playoffs and winning the Stanley Cup.

What do NHL players get for playing 1000 games? ›

A player who reaches the milestone is awarded a silver stick.

Who is the lowest paid NHL captain? ›

1) Derek MacKenzie, cap hit: $1.375 million

With a cap hit at just $1.375 million. MacKenzie makes less than most and is by all means affordable. Aleksander Barkov and Aaron Ekblad will make their case in the coming years for the position, but for now, he holds the title as the lowest earning captain in the NHL.

What is the NHL rookie minimum salary? ›

That is, a 15-year veteran can be offered the same contract as a rookie - $750,000 USD. The minimum salary is not tied to the any change in the overall team cap limit.
...
Minimum Salary By Year.
NHL SeasonMinimum Salary (USD)
2020-21$700,000
2021-22$750,000
2022-23$750,000
2023-24$775,000
2 more rows

What sport gets the most money? ›

Basketball is the highest paid sport in the world, with the average annual salary in the NBA in 2023 being nearly $10.5 million.

When a NHL player gets fined Where does the money go? ›

Where does money forfeited through fines and suspensions go? The money is put into the NHL Players' Emergency Assistance Fund.

Why are NHL players in debt? ›

The "flat cap" was necessary because the players owed an estimated $1 billion in debt to the owners due to the teams' COVID-19 pandemic revenue losses. When that debt is paid off in full, the cap moves to a "computational cap" linked to revenue.

Do NHL players get signing bonuses? ›

Entry-level contracts can include signing, games played, and performance bonuses: Signing bonuses may not exceed 10 percent of the contract's total salary compensation, and is fully guaranteed regardless of where the player is playing (NHL, AHL, etc.).

Do NHL players buy their own sticks? ›

NHL players do not pay for sticks. Their current team pays for the sticks. Even if certain players are sponsored by a brand, the team still has to buy the sticks from the brand. Some teams pay $300,000 a season to provide sticks for their players.

Do NHL teams pay for equipment? ›

Is equipment supplied and paid for by NAHL teams? Most equipment is supplied and paid for by NAHL teams, including sticks, gloves, pants, jerseys, socks and helmets. What is a billet family? As most players leave home to play in the NAHL, a billet family is with whom a player lives with during the NAHL season.

Who is the highest paid NHL player after taxes? ›

The NHL's top-earning player for the 2020-21 season is Auston Matthews. The Toronto Maple Leafs center was scheduled to make $15.9 million in playing salary and bonus but will instead earn $13 million net of escrow and including deferrals (a bulk of the escrow payment will be deducted from his July 2021 bonus).

What hockey player is in debt? ›

Vegas Golden Knights goaltender Robin Lehner and his wife have filed for bankruptcy in Nevada, citing up to $50 million US in debts to dozens of creditors.

What is the cheapest NHL franchise? ›

In 2022, the least valuable franchise in the National Hockey League (NHL) was the Arizona Coyotes. The Phoenix-based franchise had an estimated value of 450 million U.S. dollars in that year.

What is the most financially successful NHL team? ›

The latest ranking reported that the New York Rangers is the most valuable NHL franchise after the 2021–22 NHL season.

What companies does Gretzky own? ›

Post retirement, Gretzky became part owner of the NHL team, the Phoenix Coyotes. He bought 10% stake back in May 2000 and became the team? s coach from October 2005 to September 2009. In 2016, he also became the vice-chairman and partner of the Oilers Entertainment Group.

What hockey team does Gretzky own? ›

The NHL retired his jersey number (99) after his final game. Gretzky became a minority owner of the NHL's Phoenix Coyotes in 2000, and he was named the Coyotes' head coach in 2005.

How much did LA pay for Gretzky? ›

' At that time, $15 million was $18.5 million Canadian," Pocklington told NHL.com. "I said, 'Let me think about it,' and called him a week later and said, 'I could live with that.

Who is the richest player in the world? ›

Faiq Bolkiah

Who owned the LA Kings when Gretzky played? ›

Bruce Patrick McNall (born April 17, 1950) is an American former Thoroughbred racehorse owner, sports executive, and convicted felon who once owned the Los Angeles Kings of the National Hockey League (NHL) and the Toronto Argonauts of the Canadian Football League (CFL).

What NHL team was fined $2 million? ›

NEW YORK - The National Hockey League announced today that the Chicago Blackhawks have been fined $2 Million for the organization's inadequate internal procedures and insufficient and untimely response in the handling of matters related to former video coach Brad Aldrich's employment with the Club and ultimate ...

Did Wayne Gretzky lose money? ›

And with McNall's financial empire in disarray, and Gretzky's losses from his partnership with the embattled club president estimated at less than $2 million, he remains philosophical.

What is Chris Pronger doing now? ›

Chris Pronger is leaving his post as part of the Florida Panthers' hockey operations staff to work on his family's luxury travel company, the team announced Wednesday. The Hall of Fame defenceman has been with the club as a senior advisor for three years.

What hockey player turned billionaire? ›

Patrick Dovigi is a Canadian former hockey goaltender, entrepreneur, businessman and founder, president and chief executive officer of Canadian environmental services company, Green For Life Environmental Inc. (GFL).

What happened to Chris Pronger? ›

Pronger collapsed and suffered commotio cordis when a puck struck his chest during a 1998 Stanley Cup playoffs game when he was a member of the St. Louis Blues. Commotio cordis is when a person experiences a trauma to their chest that can cause additional waves of electricity to pass through their heart muscle.

Who did the Blues get for Chris Pronger? ›

1995: Brendan Shanahan is traded by the St. Louis Blues to the Hartford Whalers for defenseman Chris Pronger in an exchange of future Hockey Hall of Famers. Pronger, the No. 2 pick in the 1993 NHL Draft, blossoms during his nine seasons in St.

Why did the Oilers trade Chris Pronger? ›

The Oilers had no adequate replacement for Pronger on their top defensive pairing and Lupul didn't produce as expected. Edmonton's 195 goals were the fewest in the NHL in 2006-07 and they finished sixth-last in the league with a 32-43-7 record.

Why did the Blues trade Chris Pronger? ›

Five years later, with the Blues for sale, they traded Pronger and his $9.5 million salary to Edmonton to make the franchise more financially appealing to a potential buyer. He also went onto success, appearing in the Stanley Cup Final three times and winning the Stanley Cup with Anaheim in 2007.

Was Chris Pronger good? ›

Pronger earned much praise in his playing days because he was a nimble, crafty competitor who really didn't care about any detractors. He played his game, his way, and he won a Stanley Cup, a Hart Trophy as the league's most valuable player, a Norris Trophy as top NHL blueliner, and two Olympic gold medals.

Who was the first NHL player to make $1000000? ›

1971: Bobby Orr becomes the NHL's first million-dollar man when he signs a new contract with the Boston Bruins. Orr, coming off a record-setting 139-point season in 1970-71, is already the NHL's highest-paid player.

Who was the first NHL player to make $1 million dollars? ›

Title: BOBBY HULL - the FIRST MILLION DOLLAR HOCKEY... Publisher: Pocket Books./ Simon & Schuster, Markham, Ontario, Canada. Illustrator: PHOTO Cover! Condition: Near FINE.

Is Chris Pronger a Hall of Famer? ›

TORONTO -- Chris Pronger took more than a few physical liberties with opponents during his playing career. Intimidation was part of what made the big defenseman a Hockey Hall of Famer. Disciplined by the NHL eight times, Pronger had an "open-ended budget" for fines and suspensions. That's his past.

How long was Pronger unconscious? ›

Pronger took two strides and collapsed. He was unconscious for about 20 seconds. Pronger spent the night in Henry Ford Hospital in Detroit, but was back in action four days later.

Is Pronger a Hall of Famer? ›

Pronger would go on to win a Hart Trophy, join the elusive Triple Gold Club, and ultimately enter the Hockey Hall of Fame in 2015.

Is Chris Pronger married? ›

How tall was Chris Pronger? ›

Who is Chris Pronger wife? ›

Speaking Sunday at the Philadelphia Flyers' annual Flyers Wives Fight For Lives Carnival, Chris Pronger's wife, Lauren Pronger, said there's been little change in the condition of her husband.

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