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Former Players Could Use A Better Pension Plan

from Steve Simmons of the Toronto Sun,

If you ask anyone from the National Hockey League how business is, they will smile widely, almost blushing, and say, “Business is gooooood.”

Which begs to repeat a question that was brought up a few years ago in Philadelphia: Why aren’t the alumni compensated for generating the interest, excitement and money they did on Tuesday?

They had their hotels paid for. Many were bussed in for the game.

But compensation? No, there wasn’t any of that.

It is really just part of the great paradox of professional sports, and an uncomfortable dilemma for the ever-growing hockey business. The more money made, the more bothersome it seems to hear of former NHL players in financial difficulty, unable to pay medical bills, in some cases penniless, and depending on the age of the player, a pension that is somewhat laughable.

The league has never been richer.

And, probably, it has never had more former players in need.

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Filed in: NHL Talk, NHLPA, | KK Hockey | Permalink
 

Comments

Slumpy's avatar

Time to change the legalese of the pension plan for NHL players come next CBA I guess but chance of bettman/daly law firm agreeing to contribute more to their fund about slim and none without the players making major concessions.
This issue probably not addressed because the league has had so many lockouts and strikes under that “great” commissioner, pfft.
Hey at least we have shootouts, the instigator rule and the trapezoid now, lol.

Posted by Slumpy from Detroit on 01/01/14 at 11:50 AM ET

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unable to pay medical bills

I don’t quite understand this. Never has more money been funneled into the player assistance fund than is now. Hell, Clarkson “donated” what…a million this year himself? James Neal and Shawn Thornton another $250k each?

Not going to dig it up, but I believe I’ve either read or heard someone on HNiC say the PAF is running huge, monstrous surpluses after Shanahan started suspending way more people.

If true, why doesn’t this get funneled toward these medical bills? Furthermore, during the lockout, many retirees were distressed because the NHL and PA stopped paying their medical bills. If these payments stopping caused them distress, that means, necessarily, that the bills in question were being paid for under the then-existing system and it stands to reason they still would be.

Something’s fishy about the whole thing. My best guess being that Simmonds is just full of spit like usual.

Posted by larry on 01/01/14 at 02:50 PM ET

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Hey at least we have shootouts, the instigator rule and the trapezoid now, lol.

Posted by Slumpy from Detroit on 01/01/14 at 11:50 AM ET

Instigator rule was John Ziegler, not Bettman, though the practice of calling an extra penalty on the guy who started a fight began at least as far back as Clarence Campbell’s era (which would be 50-70 years ago). Used to call an extra roughing instead of an “instigator” penalty.

Posted by larry on 01/01/14 at 02:54 PM ET

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

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