As of October 2014, the average salary for a CFL player is $89,285 per season. The salary cap for each team is $5 million. The minimum player salary is $50,000, increasing by $1,000 per year until 2018. The salary cap increases by $50,000 per year until 2018.
As of 2012, the highest paid players in the CFL have been quarterbacks. Anthony Calvillo, playing for Montreal, had a maximum salary of $400,000 for the 2012 season. Ricky Ray, playing for Toronto, also had a maximum salary of $400,000. Drew Tate, playing for Calgary, had a base salary of $200,000 and a maximum salary of $300,000.
After the 2014 CFL labor dispute was settled, veteran players received signing bonuses of $7,500, and rookie players received signing bonuses of $1,500. For the 2014 season, the CFL began a five-year television deal with TSN, worth approximately $42 million per year. Other television partners of the CFL include RDS, ESPN and ESPN2.
The CFL was founded on Jan. 17, 1958, in Montreal, Quebec, Canada. As of 2014, the league has a 20-week regular season, with each team playing 18 games and having two bye weeks. The playoffs include a divisional semifinal and final. The season concludes with the top two teams playing for the Grey Cup.