PHF salary cap to double for 2023-24 season
Some great news came out of the Premier Hockey Federation (PHF) this morning, as the women's professional hockey league announced that their salary cap will double from $750,000 to $1.5 million for the 2023-24 season.
This marks the third straight year of substantial growth for pay in the league, as it has increased by 900 per cent since 2021. Heading into the year 2021, the league's salary cap was just $150,000, a true sign of how much the women's game is growing throughout North America.
"This historic salary cap increase reflects the strength of our league and developing business model, and supports an enhanced player experience that over the last year has introduced full healthcare benefits, facility upgrades, league expansion, and a record 84-game schedule,» said PHF commissioner Reagan Carey. «We know how dedicated and selfless these players are to building more opportunities for women in sport, and the PHF is committed to prioritizing our support of these talented and skilled players on and off the ice. Players, alumni, staff, coaches, volunteers, partners, ownership, and our passionate fans have all been working towards ensuring full-time professional hockey is a career path for women."
As of now, there are currently seven teams that compete in the PHF. The league has secured landmark broadcast and corporate sponsorships, and has seen a significant increase in digital viewing and engagement on all platforms over the past three years. The hope is that this growth will continue, and an even better increase can occur for the 2024-25 season.
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