Sakic won $1 million on Sunday by making a hole-in-one on the par-3 17th at the American Century Celebrity Golf Championship at Lake Tahoe in Stateline, Nev.
He used an 8-iron on the 162-yard waterfront hole where dozens of yachts and boats anchor during the annual three-day tournament.
Sakic will take home half the check, with the other $500,000 going to Lance Armstrong's Livestrong Foundation for cancer research. The money comes from an insurance policy purchased by the tourney's sponsor.
The former NHL MVP and two-time Stanley Cup winner said he had never come close to making a hole-in-one before.
Material from wire services was used in this report
For six months, it's a really good accomplishment. But as soon as April [11, the end of the regular season] comes around, no one thinks about the regular season anymore. For six months, it's a real battle to get into the playoffs in the NHL these days. There are a lot of good teams, and it takes consistency over a long time.
— Ducks coach Bruce Boudreau on clinching a playoff berth after a win against the Islanders on Saturday