The era of the professionalization of kids sports is alive and well. Hockey is very expensive but far from alone. My buddy’s daughter was a very good fastball pitcher and they were into it for about $12,000 a year before parent travel costs (yes who knew ball was year round sport in Manitoba).
The funny thing is most parents living the dream talk about scholarships as a possible pay off for the path but that has never made sense financially to me. I think the important thing to do is just put your head down and support your kids path if you can afford it and assume the investment is 100% about the journey. There are way worse things to spend money on.
Yup. This applies to pretty much all sports now for kids playing at a higher level. Hockey certainly fits that bill but basketball does too. Prep schools for the truly elite before getting to college. Absolutely they don't have the equipment requirements that hockey kids do, but that's where the difference ends. I think those costs transfer into any other sport where the kids travel for high end competition.
My daughter played basketball and volleyball at pretty high levels through middle and high school. Eventually played CIS volleyball. I would often have discussions with hockey parents who would bemoan the cost of hockey and I thought geez, I wonder how much I'm paying out. I kept track and still have the Excel sheet:
The volleyball alone costs for 13U (first real year of club volleyball) were $5700.
14U - $8700
15U - $9100
16U - $11300
17U - $8700
18U - $8700
Those costs don't count parental travel and hotel costs either. Just hers. $52, 200. Tons of memories for her and us, 1 AAU gold medal in basketball and 2 club championships, 1 volleyball national championship, 2 silvers, 1 bronze, 1 4th place finish 1 top 8 finish all volleyball. A crap ton of lesser tournament championships.
From 13U to 16U she was playing both volleyball and basketball. 17/18U only volleyball. She did get some very nice D2 offers but the costs remained prohibitive to send her to the U.S. to play (along with our every tumbling CAD) so she played CIS; not good enough for D1. Scholarships are not nearly so generous in Canada and she actually got more from academic scholarships than from the sport related scholarship. Most Canadian schools have caps on the amount given and few give tuition waivers.
Had she not gone away to school for volleyball and not played sports at a high level we'd have been much further ahead financially.
The truly elite kids without money will likely find a way, probably through the sport supporting them. But for every 1 that gets support I'd guess 5 or more don't get that opportunity. So yeah, there's an aspect there that is highly dependent on the parents ability to pay. But remember that ability to pay doesn't guarantee the success of the athlete, only their own work does that.
My advice to parents would be if you can afford it, help them follow their dreams. Once they stop loving it, let them stop no matter how much money you've put in. It's about the journey and the fun along the way, what they learn, the friendships they make. Don't buy into the notion they have to attend all the camps, they don't. Don't forget to let them be kids.