Why Alex Ovechkin's Salary is Relatively Low (2024)

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Why Alex Ovechkin's Salary is Relatively Low? ›

Escrow and Tax Withholdings. Another crucial factor affecting Ovechkin's take-home pay is the NHL's escrow system and taxation. Players in the NHL are subject to a number of withholdings, including escrow and taxes, which significantly impact their net income.

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.

Alex Ovechkin's salary is $12,500,000 and his cap hit is $9,500,000 for the 2023-24 season. His salary is comprised of $11,500,000 in signing bonuses and $1,000,000 in base salary. He is a 38 year old left wing who was born on Sep. 17, 1985.

Topping the list of the NHL's highest on-ice earners for 2023-24 is the Colorado Avalanche's Nathan MacKinnon, who signed a record eight-year, $100.8 million extension after the Avs' Stanley Cup win in 2022.

All salaries still count towards the league-wide share of revenue that the players receive. The NHL became the first of the major North American leagues to implement a hard cap while retaining "guaranteed player contracts".

Sidney Crosby signed a 12 year , $104,400,000 contract with the Pittsburgh Penguins, including $104,400,000 guaranteed, and an average annual salary of $8,700,000. In 2024-25, Crosby will earn a base salary of $3,000,000, while carrying a cap hit of $8,700,000.

Anastasia Shubskaya

Alexander Ovechkin / Wife (m. 2016)

While Ovechkin still trails Gretzky by 55 on the NHL's all-time goals list (894), there are several records he's already taken from The Great One over the last few years. On February 10, Ovechkin took the empty-net goals record from Gretzky after tallying his 57th ENG in a game against the Boston Bruins.

What is Wayne Gretzky's net worth in 2024? ›

Wayne Gretzky has amassed an estimated net worth of $250 million in 2024, making him one of the wealthiest athletes in the world.

NHL Referees Make Up to $430,000 per Year

That swollen salary is reserved for the most seasoned referees with at least 15 years of experience. Entry-level salaries earmarked for first-year refs start at $200,000. Referees earn an incremental yearly increase and are expected to officiate up to 73 games per season.

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.

Base Salary and Signing Bonus

For the 2023-24 season, Bedard will receive a base salary of $855,000. Additionally, he will receive a signing bonus of $95,000. These two components make up Bedard's salary for the season, totaling $950,000.

Which team has hoisted the Stanley Cup the most times? That would be the Montreal Canadiens, with 24 titles. Next are the Toronto Maple Leafs, with 13 championships, followed by the Detroit Red Wings, the winners of 11 Stanley Cups.

The latest ranking reported that the New York Rangers is the most valuable NHL franchise after the 2021–22 NHL season. The fastest growing NHL franchise is the Edmonton Oilers, with a 136.1% increase in valuation since the 2017–18 NHL season ($0.575 billion to $1.275 billion).

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.

The NFL league minimum for a rookie salary is $795,000 for the 2024 season. Because of the current collective bargaining agreement, the minimum salary increases based on the number of years a player has been in the NFL.

For players on their first MLB contract, the minimum salaries for the years 2022 to 2026 are as follows: 2022: $57,200. 2023: $58,800. 2024: $60,300.