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The team salary cap was $39 million. Under the latest NHL Collective Bargaining Agreement, no player could earn more than 20 percent of the team salary cap ($7.8 million). Jaromir Jagr (New York Rangers) $8.36 million [2] Nicklas Lidstrom (Detroit Red Wings) $7.6 million Keith Tkachuk (St. Louis Blues) $7.6 million
In the Big 4 North American sports leagues (Major League Baseball (MLB), National Basketball Association (NBA), National Football League (NFL), and National Hockey League (NHL)), there are three different methods employed to limit individual teams payroll: hard salary cap, soft salary cap with luxury tax, and luxury tax.
In theory, there are two main benefits derived from salary caps – promotion of parity between teams, and control of costs. [5] [6] [7]Primarily, an effective salary cap prevents wealthy teams from certain destructive behaviours such as signing a multitude of high-paid star players to prevent their rivals from accessing these players, and ensuring victory through superior economic power.
The average annual salary for players in the four major leagues is about US$2.9 million in 2008, although player salaries can range from $500,000 for backup players to as much as $40 million (up to around $60 mil in the NFL and the NBA by 2021, not counting endorsements and sponsorship deals) for superstars.
The Dallas Cowboys, valued at $10.1 billion in 2024, has been the NFL's most valuable franchise since 2007 and the most valuable sports franchise in the world since 2016. Several media outlets have referenced in related news or conducts analytic journalism when the ranking comes out, such as CBS and Sports Illustrated.
Donald Fehr argued that if the league continued to see revenue increase at the seven percent average of the 2005–2012 CBA, the players' share of revenues would drop from the 57 percent they received in 2011–12 to a low of 52 percent in 2015–16, but increase in the final two years of the deal back to 54 percent. The NHL countered with a ...
Like the AHL, the league's players are represented by the PHPA. All but four NHL teams have affiliations with an ECHL team [39] with Vancouver, St. Louis, Nashville, and Winnipeg having no official affiliations as of 2022. However, these teams do sometimes lend contracted players to ECHL teams for development and increased playing time.
The players initially favored a luxury tax system, and a 5% rollback on player salaries—later increased to 24 percent. [31] As the threat of a canceled season loomed, the players agreed to accept a salary cap, but the two sides could not come to terms on numbers before the deadline expired. [30]