Connor Bedard's Salary: A Breakdown of Earnings and Incentives
Connor Bedard's Salary: A Breakdown of Earnings and Incentives
By Jayson Panganiban December 12, 2023 17:26
Connor Bedard, the young star of future with Chicago Blackhawks recently signed a 3 year deal and that too for huge money! By this article, a detailed overview of Bedard's contract that includes base salary, signing bonus and cap figure as well as possible incentives. Now, let's take a look inside his earnings and break up what the financials of his contract looks like.
Three-Year Deal, with?
The three-year, $13.35M deal Connor Bedard signed with the Chicago Blackhawks That way, Bedard gets the full amount and financial security as a legit young star.
Base Salary and Signing Bonus
Bedard will see a base salary of $855,000 for the seasons 2023–24. He is getting $2,500 in the first year and a signing bonus of $95,000. That is the total of Bedard's season salary — combining those two elements.
Cap Hit and its Significance
If you are unfamiliar, the cap hit is how much money counts against a team's salary cap. His cap hit for the 2023-24 season is $950,000. Teams use this figure to manage their roster and acquire other players within the limitation of the salary cap.
Restricted Free Agency
Bedard, who is under contract with the Chicago Blackhawks but will be a restricted free agent Feb. Because he will be restricted, the Blackhawks have the right to match any offer Bedard receives from another team and keep him.
Performance-Based Incentives
Bedard can make an additional $3.5 million in incentives or performance based bonuses over the life of his contract, on top of a base salary and signing bonus. This performance-based incentives are sub-divided into 2 categories — Type “A” and Type “B”. Bedard's type "A" performance incentives could be for his goals, assists or points, ice time (which would likely include all situations as Bedard is currently playing the power play and will eventually be on the penalty kill), and All-Star selections. Incentives based on rankings in statistical categories and awards.
Career Earnings Projection
Bedard has potential to earn as much $13,500,000 in career NHL earnings by the 2025-26 season if he reaches all of his performance-based bonuses. These incentives give Bedard the chance to bump his earnings further, based on how good he is and will become.
Rookie Connor Bedard will be paid nearly $950,000 for the 2023-24 season by his new boss, general manager Stan Bowman of the Chicago Blackhawks. That total includes a base salary of $855,000 and signing bonus of $95,000. For Bedard, the contract would be worth $13,350,000 over three years guaranteed. In addition to that, he can make up an additional $3.5 million in play-based aids. The combination of his talent and the financial security from this contract will set Bedard up for success on both ends.
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