Here are the NHL’s ten highest-paid players for 2021-22:
Under the league’s collective bargaining agreement with its players’ union, the NHL uses an escrow system to ensure a 50-50 split in revenue between owners and players. A portion of players’ paychecks is held in an account until the league can finish tabulating its income at the end of the season; that money is then returned to the players or handed over to the owners depending on how much revenue the league collected over the course of the season.
This season, the escrow figure is set at 17.2%, and with the NHL expecting revenue to recover as fans return to the stands, some league insiders are optimistic that a portion of that escrow money may wind up back in players’ pockets. But the escrow account hasn’t always been enough to lift team owners’ share of revenue to the required level—particularly last season—and that has left the players with a sizable pile of debt.
His absence is all the more striking because he still possesses hockey’s most valuable set of endorsements. In a sport where sponsor deals are generally modest—and getting even more modest as the pandemic shrinks advertisers’ budgets and apparel brands turn their focus elsewhere—Ovechkin stands out with $5 million off the ice from partners including Coca-Cola, Nike, Hublot and, new for this year, MassMutual.
Only Connor McDavid will outearn Erik Karlsson on the ice; he is scheduled to make $14.5 million in salary and bonus before the escrow adjustment this season, the third year of an eight-year, $92 million contract that made him the highest-paid defenseman in league history.
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