During the 2010/2011 NHL season, Mike Smith played goaltender for the Tampa Bay Lightning, wearing number 41. His salary for the season was reportedly $2,400,000. The total team salary for the Tampa Bay Lightning was reportedly $56,812,500, so his salary was about 4.2% of the team's total reported payroll. The median salary for a player on the Tampa Bay Lightning was $1,000,000, while the average salary was $2,367,187. During the 22 games that he played that season, he scored 0 goals and had 1 assist - a total of 1 point. Dividing his reported salary by the number of games played, we find he earned $109,090.91 per game. Mike Smith had a plus/minus of 0, 2 PIM (penalties in minutes), 0 PP (power play goals), 0 SH (short-handed goals), 0 GWG (game winning goals), and took 0 shots. He had a shooting percentage in the 2010/2011 season of 0.00%. His goaltending statistics include 1202 min, 576 SA (shots against), 058 GA (goals against), 2.90 GAA (goals against average), 89.90% save percent, and a record of 13-6-1, including 1 shutouts. If we want to try to evaluate his performance strictly as a goaltender, we can divide his salary by the number of shots against. His salary per shot against was $4,167.
What about taxes? The hockey season is split between two calendar years, however, with a annual U.S.-based salary of $2,400,000 he can expect to pay around $815,284 in federal income taxes. That is about the same dollar amount of tax as the tax paid by 100 median high school teachers, 114 median police officers, or 162 median fire fighters. After paying the IRS, he would have $1,584,716 left over, although he still may have to pay city or state tax.
Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".