NHL Players

Cole Caufield Salary, Yearly Contract And Net Worth In 2023

By Swikriti Kandel / 7 June 2023 09:48 AM

Cole Caufield Is A 22-Year-Old Wisconsin Native
Cole Caufield Is A 22-Year-Old Wisconsin Native( Source : facebook )

Cole Caufield salary is $9,975,000 in 2023. It comprises a base salary of $4,975,000 and a signing bonus of $5,000,000.

The athlete signed an 8-year contract worth $62.8 million with the Montreal Canadiens on 5 June 2023. He is a right-winger and was drafted in 2019. 

Caufield represented Bantam AAA and Stevens Point Area Senior High School as an amateur athletes. He enrolled in the USA Hockey National Team Development Program in 2017.

The winger committed to play collegiate hockey for the University of Wisconsin-Madison. In 2021, he was awarded the Hobey Baker awards and named to the AHCA First-Team All-American.

Cole signed an entry-level deal with the Canadiens the same year. He played on behalf of the club as well as its AHL affiliate Laval Rocket for two seasons consecutively. 

During the 2022-23 season, the player competed in 46 games of the NHL. He took a break from the rest of the season since he had to undergo surgery for a shoulder injury.

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How Much Does Cole Caufield Make A Year?

Cole Caufield makes more than $9 million a year. He has a base stipend of $4,975,000 except for bonuses, promotions, and endorsements.

The player has received a signing bonus worth $10,000,000. The Canadiens will pay the amount in two installments of $5 million each in the 2023-24 and 2024-25 seasons.

The signing bonus offered does not depend on the player's performance. However, the players will receive additional bonuses if they perform well in the tournaments.


Caufield has a cap hit of $7,800,000. Cap hit is the amount that results by dividing the total pay offered and signing bonuses by the length of the contract.

After the three seasons, Cole's paycheck will drop to $8,705,000. He will book a paycheck of $6,215,000 in the 2027-28 season. In the last three seasons of the deal, he will receive an annual wage of $5,985,000.

Previously, the player received an annual payment of more than $7,000,000 from his entry-level contract (ELC). He generated over $21,000,000 in the prior three seasons.

Cole Caufield Hockey Career And Contract

Cole Caufield hockey career earnings are $2,642,500. It will reach $12,617,500 by the beginning of the 2023-24 season.

When the player was 2 years old, he learned to skate following his brother Brock. Initially, his father Paul trained him and taught him to shoot from the right.

Cole played in the high school leagues until the 2016-17 season. He competed in the United States Hockey League(USHL) for the following two seasons.

The winger represented the US in World Hockey Championships several times. He earned the titles of MVP, Best Forward, and All-Star Team in the 2019 World U18 Championship.

Caufield ended the 2018-19 season with 72 goals and 28 assists. It led him to the 2019 NHL draft where he was considered a top prospect.

The Canadiens booked him in the 15th overall and assigned him to Laval Rocket. Moreover, he played his first-ever NHL game in the 2020-21 season.


Cole Caufield contract with Montreal Canadiens is worth $62.8 million. He formerly signed an entry-level deal with the team.

Following the end of the winger's collegiate career, he was signed by the Canadiens. The three-year ELC with the organization expired before the 2023-24 season.

The athlete played in the NHL and the AHL in the initial two seasons. However, in the third year, he competed in the National Hockey League only.

Caufield is an emerging player who debuted in NHL during the 2020-21 season. He scored his first goal of the league in overtime during a match against Calgary Flames.

The winger is the third player to secure first two career goals in overtime. He has already competed in 123 games of the regular season and 20 in the playoffs.

The Canadiens locked him on a professional contract on 5 June 2023. The deal is for 8 years and Cole will become an unrestricted free agent by the 2031-32 season.

Cole Caufield Net Worth 2023

Cole Caufield net worth 2023 is approximately $1 million. His fortune is set to increase by a few million dollars by 2024.

The Mosinee native is the second highest-paid forward payer in the NHL organization. He is succeeded by Nick Suzuki with a cap hit of $7,875,000.

The 5 feet 7 inches tall athlete will continue to receive a bulky paycheck from the club. Meanwhile, he will generate amounts from sponsors and promotions as well.

The winger has partnered with brands like McDonald, Jump Mattresses, and Shinola. He shot a full promotion video with the fast food chain, McDonald's of Canada in 2022.

For that, the 22-year-old received a bulky amount. He also promoted Jump Mattresses in the same year via his Instagram handle.

As of now, Cole is in a partnership with the Shinola Detroit Store. The retail store is recognized for its leather goods as well as curated gift items.

Caufield feared losing a deal with the team in early 2023 as per Sportsnet. However, he remained positive and was signed into a professional contract by the team in June.

Besides wealth, the winger has achieved several milestones. In the 2021-22 season, he landed ninth on the voting list for the Calder Memorial Trophy. Moreover, Cole has recorded the most goals in a career and in the regular season in USHL history.


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