The purpose of this study is to identify determinants of a player’s compensation in the National Hockey League (NHL) for the 2006-2007 season. This paper used the production efficiency of each player from the 2005-2006 season to help explain the salaries for the 2006-2007 season. Using a total of 669 players, excluding the players that were cut from the roster, retired or sent down to the minor leagues, this paper split the players into positions; centers, defensemen, wing players and goalies.  The results show that number of years in the NHL as well as the average amount of time spent on the ice per game warrants a higher salary. Explanatory variables to account for offensive production such as goals scored, assists, and points accumulated over the course of the season resulted to be positive and highly significant. Explanatory variables depicting types of penalties committed resulted to be positively or negatively significant depending on the nature of the penalty. The explanatory variables show that team management seeks to employ offensive players and defensive juggernauts to maximize profits.