July 10 marks the final day players will be contracted by the PHF, as all contracts are set to be voided.
July 10 will be a difficult day for many professional women's hockey players and fans.
It's the day that players of the Metropolitan Riveters, Connecticut Whale, Toronto Six, Montreal Force, Boston Pride, Minnesota Whitecaps, and Buffalo Beauts officially say goodbye to their teams...forever.
According to information sent by the PHF to league members, "All players will be released from their contracts effective on July 10, 2023, which clears the way to pursue a contract with the new league."
For recently signed NCAA and USports graduates, it's a day that marks the end of a dream come true, and the beginning of a period of uncertainty as they now have to wait to see who cracks the league roster for the new professional women's hockey league which will feature members of the PHF, PWHPA, NCAA, and USports.
Following the termination of contracts, PHF players will still receive their health benefits through September 30, 2023, and will also receive a severance equal to 1/12 of their 2023-2024 contract or $5000, whichever value is greater.
For players who do not receive contracts in the new league or another professional hockey league abroad, a pool of $1,000,000 was reserved to offer minimum payment of $10,000 per player, depending on the total number of players eligible.
Based on a 160 player league in the PHF last season, with roughly half the league anticipated to join the new combined professional women's hockey league, the actual payout is likely to swell just beyond the $10,000 number.
With all contracts voided, July 10 marks the official dissolution of the PHF for players.
A new professional women's hockey league was announced June 30 following the acquisition of the PHF by the Mark Walter Group and Billie Jean King Enterprises.