Wednesday, October 9, 2019
NHL Minimum Wage & Maximum Wage By Year
In July of 2005, the NHL and NHLPA finalized the 2005 CBAending a 310 day lockoutthat resulted in the loss of a season. The core feature of the accord was the introduction a salary cap, setting team spending limits based on league revenue and tying player salaries to such limits.
The maximum player salary was capped at 20% of the team salary cap. Meanwhile, the minimum player salary jumped 257% from $180,000to $450,000with fixed bumps in future years. The chart below shows NHL minimum and maximum player salaries by year since 2005.
| Year | Salary Cap | NHL Minimum | NHL Maximum |
| 2005-2006 | $39.0m | $450,000 | $7.8m |
| 2006-2007 | $44.0m | $450,000 | $8.8m |
| 2007-2008 | $50.3m | $475,000 | $10.06m |
| 2008-2009 | $56.7m | $475,000 | $11.34m |
| 2009-2010 | $56.8m | $500,000 | $11.36m |
| 2010-2011 | $59.4m | $500,000 | $11.88m |
| 2011-2012 | $64.3m | $525,000 | $12.86m |
| 2012-2013 | $70.2m | $525,000 | $14.04m |
| 2013-2014 | $64.3m | $550,000 | $12.86m |
| 2014-2015 | $69.0m | $550,000 | $13.8m |
| 2015-2016 | $71.4m | $575,000 | $14.3m |
| 2016-2017 | $73.0m | $575,000 | $14.6m |
| 2017-2018 | $75.0m | $650,000 | $15.0m |
| 2018-2019 | $79.5m | $650,000 | $15.9m |
| 2019-2020 | $81.5m | $700,000 | $16.3m |
| Year | NHL Minimum | % of Cap | 1.15% of Cap |
| 2005-2006 | $450,000 | 1.15% | $450,000 |
| 2006-2007 | $450,000 | 1.02% | $506,000 |
| 2007-2008 | $475,000 | .944% | $578,000 |
| 2008-2009 | $475,000 | .837% | $652,000 |
| 2009-2010 | $500,000 | .880% | $653,000 |
| 2010-2011 | $500,000 | .841% | $683,000 |
| 2011-2012 | $525,000 | .816% | $739,000 |
| 2012-2013 | $525,000 | .747% | $807,000 |
| 2013-2014 | $550,000 | .816% | $739,000 |
| 2014-2015 | $550,000 | .797% | $793,000 |
| 2015-2016 | $575,000 | .805% | $821,100 |
| 2016-2017 | $575,000 | .787% | $829,500 |
| 2017-2018 | $650,000 | .867% | $862,500 |
| 2018-2019 | $650,000 | .818% | $914,250 |
| 2019-2020 | $700,000 | .859% | $937,250 |
If minimum wage had been tied to 1.15% of the team salary cap instead of anchoring it to a fixed dollar rate schedule, NHL minimum earners would have received an extra $100,000 in 2007-2008, $200,000 more in 2011-2012, and almost $300,000 more in 2012-2013. In fact, in the fourteen years since the 2005 wage hike, tying it to such a percentage would have yielded an extra $2.6m for such skaters during that span, equaling an additional $187,000 each year on average.
The NHL's minimum wage is scheduled to increasein the coming years reaching $650,000 in 2017-2018, $700,000 in 2019-2020, and $750,000 in 2021-2022. The maximum player salary shall remain at 20% of team salary cap during this span.
When the current CBA expires after the 2021-2022 season, perhaps the NHLPA should vie to tie minimum wage to a percentage of the team salary cap (with a floor of a 5% bump on prior year pay) so players at both ends of the hockey spectrum can share in increased NHL revenues. Equity for all skaters, regardless of role and talent.
* See also NHL Highest Paid Players By Year.
* See also NHL Highest Player Salary & Cap Hit By Position.
* See also Rethinking NHL Player Salary Structure.
Posted byMGat12:01 AM
Labels:CBA,Salaries,Statistical Anomaly
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