Investing Your Entry Level Contract A question that often comes up from parents and players is at what point should they begin investing. Does it make sense to wait until you’re actually playing in the league, or should you start as soon as you receive your first bonus? Although there isn’t a set-in-stone answer as…
I was recently featured on the Junior Hockey Magazine Podcast hosted by Gino Reda. Their segment “Where Are They Now” focuses on former CHL players who have transitioned into their lives after hockey. We discussed my experience in the WHL, the importance of education, attending the University of Manitoba, and how I’ve transitioned into my…
The NHL Pension – What you need to know If you play in the NHL, you’ll be enrolled in the league’s pension plan, as outlined in the Collective Bargaining Agreement (CBA). Unless you’ve had several cups of coffee and actually enjoy reading legal jargon, the CBA can be a pretty tough read. So, here’s a…
How much of their salary do NHL players keep? In my article – how do pro athletes go broke – I highlighted that a leading cause of some high-income earning athletes experiencing financial trouble occurs because they don’t have a firm understanding of how much money they actually make. Just because TSN reports that an…
As the saying goes – there are only two certainties in life: death & taxes. Playing professional hockey provides numerous perks in life, however avoiding taxes is not one of them. Undoubtedly, your tax bill as a pro hockey player will be your largest expense and can create a massive discrepancy between what your contract…
How Does Escrow Work? Escrow is a word you’d like never to hear again if you’re an NHL player, and I don’t blame you. However, it can substantially affect your income, so it is important to understand how it works and plan accordingly. Here is a summary of how the NHL escrow system functions: …
Investment Strategies for NHL Players You’re playing in the NHL, so naturally you’re making a lot of money at a relatively young age. The average person will work for 25-30 years, and slowly increase their income as they get older. In contrast, an NHL career averages only 5 years, and is highly lucrative in that…
How do pro athletes go broke? “If you’re playing in the NHL, you’ve got a pretty good life” These were the words spoken by Paul Maurice after an NHL player poll slated Winnipeg as “the most dreaded road trip.” As a proud Winnipegger, hearing how our “great” city is actually the worst place to travel…