Tag Archives: salaries of NHL players
The huge earnings of some NHL hockey player in the world (Part 1)
Here are some NHL hockey players that have the huge earnings from this sport. Let’s check out in the article below!
Evgeni Malkin
Club: Pittsburgh penguin
Ampoule: forward
Annual salary: $ 5,446,350
Evgeni Malkin is one of the strongest players in the tournament. Pittsburgh chose Russian in the 2004 draft under some popular seconds. Malkin made his debut at NHL in the 2006/07 season and became the team’s second goal scorer. In 78 matches, the striker has scored 85 points (33 goals and 52 assists).
In the 2008/09 season, Malkin became the best NHL player. He took first place in the list of regular goals, winning 113 points (35 goals and 78 assists) in 82 matches. But above all, Malkin played in the playoffs. In 24 games in the Stanley Cup, he has scored 36 points (14 goals and 22 assists) – the best result in NHL after 15 years. Pittsburgh won the Stanley Cup that season and the Russians received the award for the most valuable playoff player.
In 2013, Malkin signed a new contract with Pittsburgh, whereby since 2014, he started earning $ 9.5 million per year before taxes. At the time, only Alexander Ovechkin had a bigger contract – $ 9 538 462 per year before taxes.
However, in Pennsylvania, where Pittsburgh is located, the tax is lower in the District of Columbia, where Washington is located (42.67% compared to 48.55%). Because of this, Malkin’s net salary is the highest in the tournament.
Jonathan Taves/Patrick Kane
Clubs: both – Chicago Blackhawks
Ampoule: both forward
Annual salary: both – $ 5,817,000
Jonathan Taves and Patrick Kane – Legend of Chicago. In the late 1990s and early 2000s, the Blackhawks were one of the weakest teams in the tournament, so they often chose one of the first drafts. In 2006, Chicago chose Taves according to the third common number and in 2007, Kane under the first common number.
Around these players, the Blackhawks have built a new team, becoming one of the strongest teams in the 21st century. Chicago has won the Stanley Cup twice (in the 2009/10 and 2012/13 seasons).
In 2010, Taves became the best playoff player and in 2013, Kane. In the summer of 2014, the club offered Taves and Kane similar deals. Taves and Kane signed the deal and became the highest-paid player in the tournament. 2014/15 season, after renewing the contract with the leaders, Chicago won another Stanley Cup.
Learning about how salaries of NHL players are calculated
NHL is the richest hockey tournament in the world. In 2016, the tournament earned $ 3.7 billion, the fifth highest tournament in the world. Because of NHL’s big profits, no hockey tournament can match the North American league in terms of contracts.
For example, according to unofficial data, the biggest salary in KHL is for Metallurgical striker Sergei Mozyakin. He received $ 3,218,235 a year before taxes. In NHL, players with such a salary are not even in the top 100 average annual income. For comparison, Connor McDavid, the highest paid NHL hockey player, received $ 12.5 million before taxes.
The income tax of NHL players
NHL hockey players with the same salary can actually get different amounts after paying income tax. In the United States and Canada, taxes vary by state and province.
The largest income tax among cities represented in NHL in Montreal is 58.75%. Canada accounts for 33% of the federal budget. Quebec Province, where Montreal is located, accounts for 25.75% of the regional budget. For comparison, in Toronto, hockey players pay less (46.6%) due to lower taxes in Ontario (13.6%), in which the city is based.
In the United States, regardless of state, each hockey player brings the state 39.6% of the revenue. But in the United States, as in Canada, there is an extra charge for the state budget. The highest taxes in Los Angeles, San Jose and Anaheim (California) are 13.3%.
In total, hockey players provide the state with 52.9% of the salary. The four states of the United States – Florida, Nevada, Texas and Tennessee – have no additional income taxes. These states play Tampa, Florida, Vegas, Dallas and Columbia. The players of these teams pay the lowest tax among NHL hockey players – 39.6%.
The difference in tax rates affects the ranks of NHL hockey players who are paid the highest. For example, the average annual salary of goalkeeper Montreal Carey Price is 10.5 million USD. Florida goalkeeper Sergei Bobrovsky officially received less than – 10 million dollars.
However, the real wage of Russians after taxes is much higher – 6,040,000 compared to 4,321,250. This difference arises because Price plays in Montreal, which has the highest tax rate in NHL (58.75%) and Bobrovsky in Florida in which the smallest tax (39.6%).
