Joe Veleno

Age: 24y-11m-9d (Jan 13, 2000)
Exp: 3 Years
Country: CA
College: Drummondville
Drafted: Round 1 (#30 overall), 2018
2024-25 Cap Hit

$2,275,000

2024-25 Cash

$2,275,000

Career Earnings

$4,831,954

2024-2025 Extension (CURRENT)

Joe Veleno signed a 2 year , $4,550,000 contract with the Detroit Red Wings, including $500,000 signing bonus, $4,550,000 guaranteed, and an average annual salary of $2,275,000. In 2024-25, Veleno will earn a base salary of $2,275,000, while carrying a cap hit of $2,275,000.
Contract Terms:
2 yr(s) / $4,550,000
Average Salary:
$2,275,000
Signing Bonus:
$500,000
Free Agent:
2026 / RFA
Year Age Cap HitAnnual Cap % League Cap Cash Annual Cash Cumulative
2024-25 25 $2,275,000 2.59% $2,275,000 $2,275,000
2025-26 26 $2,275,000 2.59% $2,275,000 $4,550,000
2026-27 27
RFA
Year Age Base Salary Signing Proration Cap Hit Cap % League Cap
2024-25 25 $2,275,000 - $2,275,000 2.59%
2025-26 26 $1,775,000 $500,000 $2,275,000 2.59%
2026-27 27
RFA
Year Age Base Salary Signing Bonus Cash Total Cash Cumulative Cash Remaining AYC Cumulative AYC Remaining
2024-25 25 $2,275,000 - $2,275,000 $2,275,000 $4,550,000 $2,275,000 $2,275,000
2025-26 26 $1,775,000 $500,000 $2,275,000 $4,550,000 $2,275,000 $2,275,000 $2,275,000
Source: NHL contract specifics generally collected from verified reports.

2023-2023

Joe Veleno signed a 1 year , $825,000 contract with the Detroit Red Wings, including $825,000 guaranteed, and an average annual salary of $825,000.
Contract Terms:
1 yr(s) / $825,000
Average Salary:
$825,000
Signing Bonus:
N/A
Free Agent:
2024 / RFA
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2019-2022 Rookie

Joe Veleno signed a 3 year , $3,731,250 contract with the Detroit Red Wings, including $277,500 signing bonus, $3,731,250 guaranteed, and an average annual salary of $1,243,750.
Contract Terms:
3 yr(s) / $3,731,250
Average Salary:
$1,243,750
Signing Bonus:
$277,500
Free Agent:
2023 / RFA
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Seasons

3 Years

Career Earnings thru 2024

$4,831,954

Earnings w/ Different Teams

1 team

Earnings Per Year

Year Age Team(s) Status Cash Total Cash Cumulative Awards
2020 21
Reserve / minor-buried
$128,385
$128,385
2021 22
Active
$771,069
$899,454
2022 23
Active
$832,500
$1,731,954
2023 24
Active
$825,000
$2,556,954
2024 25
Active
$2,275,000
$4,831,954
Total      
$4,831,954
$4,831,954
2025 26
Active
$2,275,000
Total
$7,106,954

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
5 $4,646,954 $185,000 - $4,831,954
Year Team(s) Age Base Signing Incentives Cash Total Cash Cumulative
2020
21
$35,885
$92,500
$128,385
$128,385
2021
22
$678,569
$92,500
$771,069
$899,454
2022
23
$832,500
$832,500
$1,731,954
2023
24
$825,000
$825,000
$2,556,954
2024
25
$2,275,000
$2,275,000
$4,831,954
Total
$4,646,954
$185,000
$4,831,954
$4,831,954
2025
26
$1,775,000
$500,000
$2,275,000
Total
$6,421,954
$685,000
$7,106,954

Earnings Per Team

Years Team Base Signing Incentives Cash Cumulative
5 $4,646,954 $185,000 - $4,831,954
  • Jul 19, 2024 Signed a 2 year $4.55 million contract extension with Detroit (DET)
  • Aug 22, 2023 Signed a 1 year $825,000 contract with Detroit (DET)
  • Dec 15, 2022 Promoted from the Minors by Detroit (DET)
  • Dec 15, 2022 Demoted to the Minors by Detroit (DET)
  • May 02, 2019 Signed a 3 year $3.73 million contract with Detroit (DET)
  • Jun 22, 2018 Drafted by Detroit (DET): Round 1 (#30 overall)
Year Team GP G A PTS +/- SOG PPG PPA SHG SHA Blk Hit PIM FO Won
2024 DET 29 4 2 0 -5 26 0 0 0 0 19 43 11 63
2023 DET 80 12 16 28 -16 86 3 2 0 1 35 89 25 305
2022 DET 81 9 11 20 -12 85 1 3 0 0 44 152 30 276
2021 DET 66 8 7 15 -14 73 0 0 0 0 25 123 22 222
2020 DET 5 1 0 1 0 8 1 0 0 0 4 7 4 17
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