NHL Salaries 2016

National Hockey League salary cap is what every team has to spend a limited amount of money on purchasing players every year. So that makes it more compatible to earn good players in all the teams and make it more balanced in strength. The Hard Cap means there are no exemptions which mean no luxury penalties are required. The salary cap was introduced when 2003-04 season was cancelled with new Collective Bargaining Agreement(CBA) was agreed between the NHL and NHLPA (National Hockey League Players Association).

The actual amount of team salary cap is decided by grabbing the previous season expenditure on players and League's revenue. For a mean lets consider the salary cap of 2007-08 was approximately US$50.3 million, 2008-09 changes with an increase in 12% of what was previously to US$56.3 Million and increased to US$64.3 Million for the year 2011-12. This was decreased and was set to US$60 Million.

There was a pressure been built up in teams to reduce the salary cap to $62,500 per team and US$7,000 per player due to the financial pressure. This led some teams to trade away well paid star players to fit the cap. But the teams were allowed to spend $70.4 Million in a year for the prorated shorted season length.

The highest NHL career salary earns as of now Jaromir Jagr with $ 99.8 Million dollars and still active. With last seasons 2014-15 limited to not more than US$14 Million per player and which took Shea Weber as the NHL highest salaries to the top earn list for that season with US$14 Million . Shea Weber is followed by Sidney Crosby NHL player with salary for US$12 Million.

NHL Salaries by Team

Team Name Salary Cap Total Salary Cap Space
Vancouver Canucks $ 64,300,000 $ 61,650,000 $ 2,650,000
Washington Capitals $ 64,300,000 $ 64,050,000 $ 250,000
Pittsburgh Penguins $ 64,300,000 $ 60,750,000 $ 3,550,000
Calgary Flames $ 64,300,000 $ 60,225,000 $ 4,075,000
Boston Bruins $ 64,300,000 $ 58,450,000 $ 5,850,000
New York Rangers $ 64,300,000 $ 58,625,000 $ 5,675,000
Detroit Red Wings $ 64,300,000 $ 58,500,000 $ 5,800,000
Philadelphia Flyers $ 64,300,000 $ 64,900,000 $ 600,000
Montreal Canadiens $  64,300,000 $ 61,375,000 $ 2,925,000
Chicago Blackhawks $ 64,300,000 $ 60,425,000 $ 3,875,000
San Jose Sharks $ 64,300,000 $ 58,000,000 $ 6,300,000
New Jersey Devils $ 64,300,000 $ 56,825,000 $ 7,475,000
Tampa Bay Lightning $ 64,300,000 $ 57,775,000 $ 6,525,000
Columbus Blue Jackets $ 64,300,000 $ 60,975,000 $ 3,325,000
Buffalo Sabres $ 64,300,000 $ 63,200,000 $ 100,000
Minnesota Wild $ 64,300,000 $ 54,225,000 $ 10,075,000
Anaheim Ducks $ 64,300,000 $ 59,450,000 $ 4,850,000
Los Angeles Kings $ 64,300,000 $ 61,975,000 $ 2,325,000
Nashville Predators $ 64,300,000 $ 47,750,000 $ 16,550,000
Toronto Maple Leafs $ 64,300,000 $ 60,775,000 $ 3,525,000
Ottawa Senators $ 64,300,000 $ 48,225,000 $ 16,075,000
Arizona Coyotes $ 64,300,000 $ 50,075,000 $ 14,225,000
Dallas Stars $ 64,300,000 $ 48,050,000 $ 16,250,000
Carolina Hurricanes $ 64,300,000 $ 50,500,000 $ 13,800,000
Edmonton Oilers $ 64,300,000 $ 58,425,000 $ 5,875,000
Colorado Avalanche $ 64,300,000 $ 48,400,000 $ 15,900,000
Winnipeg Jets $ 64,300,000 $ 49,525,000 $ 14,775,000
Florida Panthers $ 64,300,000 $ 52,825,000 $ 11,475,000
St. Louis Blues $ 64,300,000 $ 51,375,000 $ 12,925,000
New York Islanders $ 64,300,000 $ 46,950,000 $ 17,350,000

Highest Paid Player Salaries for NHL 2014 - 2015

 Players Salary Endorsements Total Earnings
Sidney Crosby $12 million $4.5 million $16.5 million
Shea Weber $14 million $100,000 $14.1 million
Alexander Ovechkin $10 million $4 million $14 million
Zach Parise $11 million $800,000 $11.5 million
Henrik Lundqvist $11 million $700,000 $11.4 million
Ryan Suter  $11 million $150,000 $11.2 million
Vincent Lecavalier $10.8 million $250,000 $11.2 million
Pavel Datsyuk $10 million $300,000 $11.3 million
Claude Giroux $10 million $250,000 $10.3 million
Phil Kessel $10 million $250,000 $10.3 million