Have you ever heard the term “3 year entry level contract NHL” and wondered what it means? No worries, we`ve got you covered.
In the world of professional ice hockey, a 3 year entry level contract (ELC) is a type of contract that a player signs when they enter the NHL for the first time. The purpose of this contract is to provide a fair and structured way for new players to join the league, without being taken advantage of by teams or agents.
So, what exactly does an ELC entail? First of all, it`s important to note that the length of an ELC is set at three years. During this time, the player`s salary is determined by a set scale that takes into account their draft position and the year in which they sign the contract. The minimum salary for an ELC is $925,000 per season (as of the 2021-2022 season), but top draft picks can earn significantly more.
In addition to their base salary, players on ELCs are also eligible for performance bonuses. These bonuses are based on the player`s on-ice performance and can be paid out at the end of the season. According to the NHL`s Collective Bargaining Agreement (CBA), the maximum total amount of performance bonuses that a player can earn during their ELC is $850,000 per season.
Another key aspect of ELCs is that they are “two-way” contracts. This means that the player can be assigned to a minor league team (such as an AHL affiliate) without going through the waiver process. In other words, if a team wants to send a player on an ELC to the minors, they can do so without risking losing them to another team.
There are also some restrictions on ELCs that players and teams should be aware of. For example, players cannot sign an ELC if they are over the age of 25 (with some exceptions for players who have played in other professional leagues). Additionally, if a player does not play in at least 10 NHL games during the first year of their ELC, then their contract is automatically extended for an additional year.
Overall, a 3 year entry level contract NHL is a critical step for any player looking to make their mark in the NHL. It provides a fair and structured way for new players to join the league and begin their professional hockey career. With a solid ELC in place, players can focus on developing their skills and making a name for themselves on the ice.