Jim McMasters (born September 20, 1952) is a former professional ice hockey forward. He was drafted by the Buffalo Sabres of the National Hockey League in the third round, 37th overall, of the 1972 NHL Entry Draft; however, he never played in that league. He played 83 regular-season games and nine playoff games in the World Hockey Association with the Cleveland Crusaders in the 1972–73 and 1973–74 seasons. McMasters was born in High River, Alberta, but grew up in Nanton, Alberta.