C&P from the BoH thread which asked teh same question yesterday:
Originally Posted by kdb209
Originally Posted by Darch
I'm curious, does anyone know where fines and suspension money goes to?
Fines/Suspensions from from League discipline:
Originally Posted by CBA Article 18.7
18.7 Use of Fine Money and Forfeited Salary. Any fines collected from or
Paragraph 1 Salary forfeited by Players pursuant to any discipline imposed by the League shall be deposited in the NHL Players' Emergency Assistance Fund.
Fines under Article 26 (Circumvention):
Originally Posted by CBA Article 26.14
26.14 Fines. Fines paid pursuant to this Article by Club or Club Actors shall be
contributed to the Emergency Assistance Fund. Fines paid by Players or Player Actors shall be contributed to The National Hockey League Foundation.
Fines for violating League Rules:
Originally Posted by CBA Article 30.8
30.8 Violations. Any fine assessed to a Player for violation of League Rules shall be
paid directly to the National Hockey League Players' Emergency Assistance Fund.
Fines by Teams for violating Club Rules:
Originally Posted by EXHIBIT 14 - FORM OF STANDARD CLUB RULES
Notes: 1. Fines imposed in connection with a Player's initial violation (first offense)
of a Club Rule shall not exceed $250.00 in Native Currency, fines imposed for
any subsequent offense of the same rule by the same Player shall not exceed
$500.00 in Native Currency. The Club shall take into consideration any
mitigating factors prior to levying a fine in accordance with any of the foregoing
rules. A Player's record shall be expunged at the conclusion of each Regular
Season. Fines shall be collected and held for use at an appropriate team function
involving the Players and donated to a charity of the Players' choice.
Note that salary withheld for players suspended by a Team (as opposed to suspended by the League) is just kept by the Team and not required to be donated.