As an aspiring hockey player, you may be wondering what you can expect to earn in your first contract. Entry level hockey contract salaries are regulated by the National Hockey League (NHL) and can vary based on several factors, including the player`s draft position and performance in junior leagues.
For the 2020-2021 season, the minimum salary for an entry-level contract in the NHL is $700,000. Any player signing a contract for less than this amount is not complying with league regulations. In addition to this minimum, entry-level contracts can also include performance bonuses for achieving certain milestones, such as playing in a certain number of games or scoring a certain number of goals.
The length of an entry-level contract varies based on a player`s age at the time of signing. Players who sign at the age of 18 or 19 can sign for up to three years, while players who sign at the age of 20 can only sign for up to two years. After their entry-level contract expires, players become restricted free agents and can negotiate a new contract with their team.
It`s important to note that entry-level contracts are only available to players who are in their first three years of professional play. After this time, players are considered veterans and are subject to the NHL`s salary cap.
While entry-level contract salaries may seem high, it`s important to remember that hockey players often face significant expenses, including travel, equipment, and training costs. Additionally, players must account for commission fees paid to agents, taxes, and other expenses that can eat into their earnings.
Overall, entry-level hockey contract salaries are lucrative for young players entering the league. While the minimum salary is set at $700,000 per year, players can earn additional bonuses for achieving various milestones. With dedication and hard work, these young players can continue to earn higher salaries as they progress in their careers.