Do NHL Players Get Paid in American or Canadian Dollars?
In the National Hockey League (NHL), players are paid in both American and Canadian dollars. The NHL is a multinational league with teams in both the United States and Canada. As such, players' salaries are negotiated and paid in the currency of their team's home country.
For example, players on the Toronto Maple Leafs are paid in Canadian dollars, while players on the New York Rangers are paid in American dollars. This is because the Maple Leafs play in Toronto, Canada, while the Rangers play in New York City, United States.
The NHL's salary cap is also determined in both American and Canadian dollars. The salary cap is the maximum amount of money that a team can spend on player salaries. For the 2022-23 season, the salary cap is $82.5 million in American dollars and $103.5 million in Canadian dollars.
Related Questions:
- What is the NHL's salary cap? The NHL's salary cap is $82.5 million in American dollars and $103.5 million in Canadian dollars.
- Do all NHL players get paid in the same currency? No, players are paid in the currency of their team's home country.
- Why are NHL players paid in both American and Canadian dollars? Because the NHL is a multinational league with teams in both the United States and Canada.
- What currency is the NHL's salary cap determined in? Both American and Canadian dollars.
- Do NHL players pay taxes in both the United States and Canada? Yes, players are subject to taxes in both countries if they play games in both countries.
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