The NHL minimum salary for players in the 2023/24 season was $750,000 U.S. dollars. This figure represents the base compensation for players under contract in the league.
Understanding the NHL Minimum Salary
The minimum salary in the National Hockey League (NHL) is a crucial component of player compensation and is a fixed amount that all players must be paid at a minimum. It ensures a baseline income for players, especially those starting their careers or those who may not command higher salaries due to various factors.
Here's a breakdown of the minimum salary for the specified season:
| Season | Minimum Salary (USD) |
|---|---|
| 2023/24 | $750,000 |
Collective Bargaining Agreement (CBA)
The minimum salary, along with many other aspects of player contracts and league operations, is determined and agreed upon through the Collective Bargaining Agreement (CBA). This foundational contract is negotiated between two primary entities:
- The National Hockey League (NHL)
- The NHL Players' Association (NHLPA)
The CBA outlines a wide range of terms and conditions, including:
- Player salaries (minimum and maximum)
- Revenue sharing
- Player rights and benefits
- Disciplinary procedures
- Draft rules
- And much more.
The minimum salary is reviewed and potentially adjusted with each new iteration or amendment of the CBA, reflecting negotiations between the league and its players' union.
