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Financial rewards for NHL Trophies and All-Star Teams

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01-05-2012, 12:25 PM
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TheDevilMadeMe
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Financial rewards for NHL Trophies and All-Star Teams

Nobody really talks about this today - what's a $2000 bonus when these players make millions? But in the past, there was a big financial incentive for players to win awards. When you are only making $3000 a year, that $500 for an All-Star bid is huge.

I've seen financial compensation for awards mentioned a few times.

From 1956-58, 1st Teamers got $1000 and 2nd Teamers got $500. http://hfboards.com/showpost.php?p=3...&postcount=410

In 1966: "1st AS's got $1000, 2nd AS's $500. leaders in each half season got $500, runners up in each half season got $250. Hull and Howe were the only players to get the maximum $2000."
http://hfboards.com/showthread.php?t=145895&page=6

In 1974: "Members of the first team each receive $2,000 while those on the second get $1,000 each from the league."
http://hfboards.com/showpost.php?p=1...&postcount=168

In the accounts speculating about how Red Kelly lost the 1st Team in 1954 to Gadsby because he spent time as an injury-fill in at left wing, they all mention how it cost him $500.

I've also read reports of how intensely teams tried to have the lowest GAA in the league, to win the Vezina trophy (and money) for their goalie. The winning goalie would then take his defensemen out to dinner.

More details would be appreciated if anyone has them. I would be particularly interested in knowing if the awards like the Hart, Lady Byng and Vezina, as well as the all-star teams, always carried financial rewards. An extra $1000 would be huge during the Great Depression.

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