In 2005, the new CBA saw minimum wage in the NHL jump 257% to $450,000 representing 1.15% of the then $39m salary cap upper limit.
Since 2005, upper cap limits are up 45% due to rampant revenues during the economy's last bull run. Maximum player salaries, set at 20% of upper cap limits, enjoyed the same rise. Minimum wagers, however, have been stuck with a fixed dollar schedule yielding a mere 5% increase.
Year: -Min (Set $) --- 'Min (Set %) -- Max (Set %) --- Cap Limit
05-06: $450k (1.15%) -' $450k (1.15%) - $7.80m (20%) --- $39.0m
06-07: $450k (1.02%) - $506k (1.15%) - $8.80m (20%) --- $44.0m
07-08: $475k (0.94%) - $578k (1.15%) - $10.06m (20%) -- $50.3m
08-09: $475k (0.83%) - $652k (1.15%) - $11.34m (20%) --' $56.7m
09-10: $500k (o.88%) - $653k (1.15%) - $11.36m (20%) --' $56.8m
09-10: $500k (o.88%) - $653k (1.15%) - $11.36m (20%) --' $56.8m
Had the NHLPA tied its minimum wage to 1.15% of the upper cap limit instead of anchoring it to a set schedule, each such earner would have enjoyed a $177,000 raise last season. Even with this season's $25,000 lockstep increase the league's lowest earners will leave behind $153,000.
The union should address this inequity when the CBA is next negotiated. A rising tide should buoy players at both ends of the earning spectrum.
The union should address this inequity when the CBA is next negotiated. A rising tide should buoy players at both ends of the earning spectrum.
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