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Former Flyers captain explains why your favorite NHL players don't make as much money as you think


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O. Eng
April 15, 2022  (1:29 PM)
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Former Flyers captain and Hall of Fame defenceman Chris Pronger took to his personal Twitter account to explain to fans why your favorite players aren't as rich as you think.

He began by setting an example of a player making 30 million over a 5 year period. So 6 million a year.
"Here is who they pay: Right off the bat escrow gets taken out of every check. On average about 10%. Most people have no idea about escrow.

Escrow by the way is the money the NHL holds as a sort of down payment in case the 50% revenue share between the players and owners isn't met. Pronger says that in most cases, this 10% is never seen again reducing the earnings to 500,400,000."
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"Next comes federal taxes which account for 37%, based off salary of course and then state tax. This can be a small as 0% in Texas or Florida or as high as 16% in New York. Pronger uses 8% as an example here. This takes another 4,432,000 off the earnings.

Next, agents take 3%, totalling player X's earnings to 2,806,000.

Player X is now netting $2,806,000. That is a lot of money! But now they have to spend a little more money to do their job effectively."

Extra services like a chiropractor, masseuse, trainer, car, nutritionist and food can add up to 155,000 per year.
"Now this is all the expenses just to be doing their job at a high level and not living the high life. Which certainly happens but not on this thread. Just a reminder these are averages and not fact!"

So at the end of all this, player X takes home $2,591,000. Which is around 43% of the total number.
Just some food for thought.

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