PWHL Prize money breakdown 2024: How much did each team win?

The Professional Women's Hockey League (PWHL) has been in discussion for various reasons this year. These include the 'Jailbreak rule' or 'the physicality,' Minnesota's victory in the Walter Cup, and the different prizes awarded for achievements during the season.

Let's take a look at a detailed breakdown of the prize money for both teams and individual players during the 2024 season, as reported by The Hockey News.

PWHL Prize Money Breakdown 2024

To summarize the total prize money awarded based on the playoff outcomes:

Semi-Finalist Teams (2 teams):

• Prize Money: $23,000 per team
• Total for Both Teams: $46,000

Playoff Runner-Up:

• Prize Money: $40,250

Playoff Champion:

• Prize Money: $63,250

In addition to the performance bonuses, players receive a $1,500 per month housing stipend, which increases by $100 each year, $80 per day for food when traveling, and up to $2,500 in relocation reimbursements for newly acquired players.

Annual League Awards

Individual excellence is also rewarded with various bonuses.

• League MVP: $5,000
• Top Forward, Top Defense, Top Goaltender, Rookie of the Year, Community/Philanthropy Award: $4,000 each

All-Star Game Bonuses

The league incentivizes performance with bonuses during the All-Star Game:

• All-Star Game Winners: Each player on the winning team receives $1,500.
• All-Star Game Runners-Up: Each player on the runner-up team receives $1,000.

Preseason Compensation

Before the regular season begins, each team will host preseason training camps, starting no earlier than November 1.

• Players attending: stipend of $500 per week. (increase by 3% annually)
• For a typical four-week preseason, each player would earn $2,000.

Regular Season Salaries

In the inaugural season, each team was required to sign a minimum of six players to standard player agreements with a base salary of at least $80,000 per year. The minimum base salary for other players is set at $35,000, with no more than nine players per team earning this minimum.

• Reserve players (on short-term agreements) receive a stipend of no less than $15,000 for the season.
• The average team salary is maintained at $55,000 (variations up to 10%)

Minnesota won the PWHL's inaugural season to win $63,250

Kendall Coyne Schofield made history by securing Minnesota’s 3-0 victory over Boston in Game 5 of the Professional Women's Hockey League (PWHL) championship with an empty-net goal.

Liz Schepers broke the scoreless tie in the second period, Michela Cava added a third-period goal, and Nicole Hensley earned a shutout. Schofield, the team's captain, took the first lap with the Walter Cup. Boston’s goalie, Aerin Frankel, made 41 saves. This victory marked the beginning of PWHL’s inaugural season.