Mitchell Stephens, the Canadian professional ice hockey centre, currently plies his trade for the Montreal Canadiens in the National Hockey League (NHL).
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In the upcoming 2023-24 season, Stephens is set to earn a base salary of $775,000. This figure represents the guaranteed portion of his contract, highlighting the financial commitment from the Montreal Canadiens for the upcoming season.
Additionally, Mitchell Stephens carries a cap hit of $775,000 for the 2023-24 season. The cap hit is a significant metric in the NHL, representing the average annual value of a player’s contract against the team’s salary cap. In Stephens’s case, this reflects the financial impact his contract will have on the Montreal Canadiens’ overall salary cap allocation.
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Notably, the dead cap value associated with Mitchell Stephens’s contract for the 2023-24 season is $385,000. The dead cap value refers to the amount of money that still counts against the team’s salary cap, even if the player is no longer on the roster. This figure underscores the financial implications in the event of any changes to Stephens’s status during the course of the contract.
In terms of the broader contractual details, Mitchell Stephens inked a one-year deal with the Montreal Canadiens, securing a total value of $775,000. This includes a guaranteed salary of $775,000 for the specified duration of the contract. The annual average salary of $775,000 provides insight into the average monetary compensation Stephens will receive each year, considering the one-year term of the agreement.
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