Skip to main content

PHF Announces $25 Million Investment

The Premier Hockey Federation announced that their board of governors has approved a massive $25 million investment to be spread across the next three seasons.
NWHL all-star game

The Premier Hockey Federation announced a landmark financial investment on Tuesday morning that will change the landscape of the league moving forward. 

In a press statement released bright and early, the PHF revealed that the league's board of governors has approved a massive $25 million investment to go towards player salary and benefits that will be spread across the next three seasons, starting in 2022-23 with a reported $7.5 million infusion. 

This new influx of cash will result in an expected salary cap increase, with the PHF salary cap set to rise from the $300,000 it is set at this season to $750,000 beginning next season, representing a 130 percent increase. Additionally, this investment will allow for the league to expand to a 28-game schedule. 

This has been quite the year for the PHF. 

Along with transitioning their brand away from the NWHL to the Premier Hockey Federation, the league has also agreed to an exclusive streaming deal with ESPN+, signed a multi-year contract with Upper Deck to produce the first-ever female hockey trading cards and NFTs, and come to terms with Warrior Hockey to make the brand their official equipment supplier. 

And that's not even to mention the planned expansion into Montreal, with details surrounding the PHF's rumored new team to be announced at a later date. 

With more money with which to work, the PHF can continue to build towards making a full-time career in professional hockey a reality for women, and may even perhaps succeed even in luring more of the biggest names in women's hockey to their league.

TOP HEADLINES

Cal Petersen
Play

Screen Shots: Arizona's Arena, USA HHOF and Cal Petersen

Adam Proteau shares his thoughts on Cal Petersen, Jim Johannson being inducted in the USA Hockey Hall of Fame and an update on a potential arena in Tempe.

Jamie Benn and Tyler Seguin
Play

Possible Trade Targets for the Dallas Stars

The Dallas Stars are trending upwards. A report suggests they're ready to keep pushing for Stanley Cup contention with a top-six forward.

Jake Oettinger
Play

Why Short-Term Deals Are Better Gambles for NHL Goalies

Adam Proteau argues that the consequences of signing a goalie long-term can hurt a franchise much more than gambling on a short-term contract.