The NHL functions on a cap-based system when it comes to player salaries while the minimum salary for the 2022-23 season is fixed at $750,000 USD.
The maximum for any one player is tied to upper cap limit and each year, the NHL sets a minimum and maximum spending cap in relation to overall league profits.
A player’s salary cannot exceed 20% of the maximum limit, which was set to $82.5 million USD for the 2022-23 NHL season.
It means that the highest salary any individual player can make for this year is $16.5 million USD.
The NHL minimum is scheduled to rise to $775,000 USD in 2023-24 as set in the Collective Bargaining Agreement (CBA).
The average NHL player salary is $3,196,767 USD as of the start of the 2022-23 season – a value, based on 773 player signings, including all buried and two-way contracts.
The highest paid player is Dallas Stars’ Tyler Seguin at $13,000,000 USD, while 82 players are paid the league minimum of $750,000 USD.
Some 544 players (70.3%) earn $1,000,000 USD or more, while 329 players (or 42.6%) make above the league average.
The record for the highest single-season salary belongs to Mitch Marner from the Toronto Maple Leafs, who set the record in 2019 at $16,000,000 USD.
Highest-paid NHL Players of 2022-23:
1. Tyler Seguin (Dallas Stars): $13,000,000
2. Artemi Panarin (New York Rangers): $12,500,000
3. Connor McDavid (Edmonton Oilers): $12,000,000
3. Erik Karlsson (San Jose Sharks): $12,000,000
3. Sergei Bobrovsky (Florida Panthers): $12,000,000
3. Darnell Nurse (Edmonton Oilers): $12,000,000
3. Aleksander Barkov (Florida Panthers): $12,000,000