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. He scored a goal and 7 assists.