It’s July 1, which means we’re used to waking up and expecting a ton of players changing teams with the opening of free agency. Instead, we’re wondering if training camps will open up next week and if we’ll see a completion to the 2019-20 NHL season later this summer.
While the league and the NHLPA have agreed to an extension on all expiring player contracts, those players currently signed who are due July 1 signing bonuses will get their money. According to TSN’s Bob McKenzie, over $300 million is expected be paid out to players on Wednesday following an agreement between the league and union. Though, with holidays in Canada and the U.S. this week it may take a few days to actually hit their bank accounts.
That’s good news for the likes of Auston Matthews ($15.2M), Mitch Marner ($14.3M), Connor McDavid ($13M), Artemi Panarin ($12M), Roman Josi ($11M), and Erik Karlsson ($10M) (per CapFriendly), among many others. Not so fun news for the Maple Leafs, who will be shelling out nearly $60M in bonus money.
When teams would pay out signing bonuses was one of many details the NHL and NHLPA have been working on since the return-to-play plan was announced. With the goal to open full training camps by mid-July, both sides are hoping to announce an extension to the Collective Bargaining Agreement. Once an agreement is in place, the next step will be a full vote by the union and among the league’s Board of Governors before moving forward.
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