The other day, The London Bear asked a question about player compensation during the Stanley Cup Playoffs. The short answer is, yes players do receive a bonus that is dependent on where their exit in the playoffs. However the longer answer requires a closer examination.
In Article 28 of the current CBA drafted in 2013, the playoff “player fund” is a predetermined amount of money.
That fund is partly set up by teams handing over 35% of their gate receipts of the previous season’s Stanley Cup Playoffs.
The CBA has a surprising amount of pages devoted to accounting. Maybe it shouldn’t be surprising to most people as it is a binding contract, but for those of us who would much rather read a book on the concept of zero rather than anything regarding accounting practices, it is a huge amount of lawyer talk with the adding and subtracting money.
Anyway, this season’s prize pot is $17 million dollars. How does that get divvied up? That’s an excellent question.
According to some numbers out on the internet, last year’s bonus pool of $16 million was divided up in the following way:
President’s Trophy Winner: $500,000
First-round exit (8 teams): $2.6 million ($325,000)
Second-round exit (4 teams): $2.6 million ($650,000)
Conference Championship (2 teams): $1.6 million ($800,000)
Stanley Cup Finalist: $3 million
Stanley Cup Winner: $4.9 million
That only accounts for most of the money, presumably there is a bonus for being named winner of the Conn Smythe. This year, the numbers would be slightly different.
So, that’s the bonus structure to teams. Each team has the right to distribute the bonuses as they see fit but it seems that typically they get divided up pretty evenly.