TSN’s Travis Yost analyzed the growing number of bonus-laden contracts in the NHL and directly correlated it to the upcoming expiration of the current Collective Bargaining Agreement between the NHL and NHLPA. There are several issues at hand once the CBA expires after the 2025-26 NHL season but many players are beginning to protect themselves with higher bonuses and lower salaries.
The protective nature of signing bonuses in a potential lockout is straightforward. Signing bonuses are due in the summer months leading up to the start of the season meaning a lockout wouldn’t prohibit a player from receiving it. Players’ salaries are typically frozen during a lockout which has been a misfortune used to strongarm the NHLPA during the 2004-05 and 2012-13 lockouts.
Yost shows in the article that the percentage of contracts containing signing bonuses has been climbing as approximately 80% of deals signed from January 2024 included signing bonuses for the 2026-27 NHL season. The players are putting themselves in a much better bargaining position once the current CBA ends as ownership groups won’t be able to hold their frozen salaries over their heads.
There are 38 players in the league with signing bonuses totaling $3MM or more for the 2026-27 season and another 22 players with $1MM or more. Rudimentary math works it out to around 8% of players carrying signing bonuses in their deals assuming that all 32 teams keep a 23-man roster for the 2026-27 season.
That number will surely expand over the next two summers as the likes of Connor McDavid, Leon Draisaitl, Mikko Rantanen, and Artemi Panarin among others will see their current contracts conclude and will certainly be looking to protect themselves in case of a lockout. We are still about a year and a half away from action picking up on the new CBA between the NHL and NHLPA but the players are already taking the necessary steps to protect their financial security.

