The 2022-23 season of the National Hockey League (NHL) has finally concluded with the Vegas Golden Knights emerging victorious over the Florida Panthers, find out the final prize money breakdown of the 2023 Stanley Cup winner
The Vegas Golden Knights beat the Florida Panthers 4-1 following an intense-seven game series, which began on June 3.
NHL 2023 Stanley Cup final winner and runner-up prize money pool breakdown
THE VEGAS GOLDEN KNIGHTS ARE YOUR 2023 STANLEY CUP CHAMPIONS 🏆 pic.twitter.com/1DUkcSqVsH
— EA SPORTS NHL (@EASPORTSNHL) June 14, 2023
THE VGK ARE THE 2023 NHL STANLEY CUP CHAMPS! COPE HATERS😈🏆 pic.twitter.com/NRFq5bxPLe
— Father Joe’s Friars (@rebels12321) June 14, 2023
After 10 grueling months of battling it out on the ice, the Golden Knights have won the prestigious Stanley Cup.
However, aside from getting the name of their team engraved on Lord Stanley’s Cup, the winning teams also receive a prize money. Although the prize money may not compare to that of the NFL or NBA, it is still a considerable amount.
NHL 2023 Stanley Cup Final prize money breakdown
While only the winner of the final game gets to lift the Stanley Cup, both finalists receive a certain reward. The NHL has a Collective Bargaining Agreement (CBA), which determines the final prize money winnings. According to the agreement, the team that loses in the final will still receive $2.25 million in prize money. Meanwhile, the final champions will receive a prize money worth $3.75 million. Teams will then divide the prize money between themselves and the players.
The prize money comes from the NHL’s bonus money pool which is usually set aside for the playoffs. This amount is agreed beforehand with the NHLPA. However, there is no agreed-upon percentage on the prize money. This means that each team decides how to share the money between the players and the franchise once receiving it.
Although some fans and players may not be impressed with the total prize pool, most players across the league are more focused on winning the title and the reputation that comes along with it. Moreover, the winners of the trophy get their names engraved in history, which is something much more rewarding and special.