The Premier Hockey Federation has announced plans to raise each team’s salary cap from $300,000 to $750,000 and add two more teams next season.
The announcement is part of the Premier Hockey League’s board of governors’ commitment to invest more than $25 million in the league over the next three years.
Teams with a minimum of 20-player roster will have an average salary of $37,500. Salaries for teams with a maximum 25-player roster will average at $30,000.
Individual player salaries have no limit as long as the team’s overall salary is under the cap.
Players will receive full health care benefits and share a 10% equity stake in their team.