NHL Salaries: How Much Do Players Make?

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NHL Salaries: How Much Do Players Make?
(David Zalubowski/AP Photo)
BetMGM @BETMGM Oct 12, 2023, 12:39 PM
  • The average NHL salary is $3.5 million per year.
  • The NHL salary cap is $83.5 million for the 2023-24 campaign.
  • The minimum wage is $750,000 for the 2023-24 season.

The maximum salary cap is $83.5 million for the 2023-24 campaign, and the average NHL salary is just over $3.5 million. 

NHL betting isn’t directly impacted by how much players make, but it’s interesting to see where certain individuals stand in earnings. 

Last season, the NHL salary cap came in at $82.5 million, leading to a $1 million increase for this season. 

How Much Do NHL Players Make?

While the average salary is $3.5 million, the minimum wage is $750,000, slightly up from $700,000 in 2020-21. 

The next boost comes in 2025-26, when the minimum wage is scheduled to reach $800,000.

Many players plying their trade in the AHL with one-way contracts earn the NHL minimum wage, as they’re paid the same salary whether they suit up for their designated AHL or NHL team. 

Highest NHL Salaries

PlayerTeamAverage Yearly Salary
Nathan MacKinnonColorado Avalanche$12.6 million
Connor McDavidEdmonton Oilers$12.5 million
Artemi PanarinNew York Rangers$11.64 million
Auston MatthewsToronto Maple Leafs$11.64 million
Erik KarlssonPittsburgh Penguins$11.5 million
David PastrnakBoston Bruins$11.25 million
John TavaresToronto Maple Leafs$11 million
Drew DoughtyLos Angeles Kings$11 million
Mitchell MarnerToronto Maple Leafs$10.9 million
Jonathan HuberdeauCalgary Flames$10.5 million

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Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.