Marty Walsh’s salary in the new NHLPA job will likely be 12 times what he makes in government
Secretary of Labor and former Boston Mayor Marty Walsh is leaving the Biden administration for a new job as head of the National Hockey League Players Association, NBC News has confirmed — let’s take a look at what salary the role comes with expected and what it will be net worth.
Hockey website Daily Faceoff first reported the news that Walsh would become executive director of the federation.
During a board meeting in Miami last Friday, the NHLPA search committee reportedly presented Walsh as the top pick for the job. Subject to a vote, he will replace Donald Fehr in due course.
What salary is Marty Walsh expected to earn in his new NHLPA job?
In his new job as executive director of the National Hockey League Players Association, Marty Walsh is expected to make about $3 million a year.
That’s the Daily Faceoff’s estimate. Meanwhile, the Boston Globe adds that Donald Fehr, the current NHLPA director, makes $3.5 million a year, which puts Walsh’s estimated future salary into context.
But in addition to his own, it will also be the salaries of others that will keep him busy in the new job.
Daily Faceoff writes that Marty Walsh’s first “mission” at work will be to negotiate the NHLPA out of a “flat salary cap environment” that it adds has had “wages frozen since the pandemic began.”
What is his current salary as Secretary of Labor?
Currently, Marty Walsh, 55, makes $235,600 a year as Secretary of Labor (according to the Globe). That means his paycheck is set to be more than doubled.
The Boston Herald reported last July that Walsh’s government salary is or was $203,100 — slightly lower than the figure reported by the Globe. Regardless, the amount he takes home will increase dramatically with the career change as he progresses.
The Players Association’s headquarters are in Toronto, but Walsh doesn’t need to move there, Daily Faceoff reports.
But he doesn’t have the job yet. A formal board vote will follow “in the coming days”; Walsh needs 18 yes votes out of 32.
What do we know about Marty Walsh Net Worth in 2023?
In 2021, Forbes reported that Walsh had around $2.5 million worth of annuities, real estate, and “a smattering” of other investments.
The lion’s share of that comes from real estate in Dorchester, the area where he grew up. He bought a $680,000 home in 2015 that has since nearly doubled in value.
He also has three annuities worth “more than $800,000 in total,” reports Forbes. In retirement, his state pension will pay him nearly $10,000 each month.
If he picks up where Donald Fehr left off – with an annual salary of $3 million – then Marty Walsh’s net worth will likely double before long.
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https://www.hitc.com/en-gb/2023/02/08/marty-walshs-salary-in-new-nhlpa-job-likely-to-be-12-times-what-he-makes-in-government/ Marty Walsh’s salary in the new NHLPA job will likely be 12 times what he makes in government