Kukla's Korner Hockey
by Paul on 09/04/12 at 02:58 PM ET
from Ron MacLean of CBC,
There won't be a lockout.
Seven years ago, the owners held a powerful upper hand. And more important, the issues were different. Gary Bettman wisely hired Arthur Levitt, the former Chairman of the United States Securities and Exchange Commission (SEC), to produce an audit showing the NHL lost $232 million US in 2003-04.
That gave Bettman public support and believability. The owners were told by their agent, the NHL commissioner, that they could gain a $1 billion with a new CBA and they certainly faced the prospect of losing money if they ran a season. It was an easy decision to shut down.
All Bettman is after in this negotiation is to do what both the NFL and NBA did and trim the players’ percentage of revenues. With the wonderful growth since the last CBA, the players now earn 57 per cent of hockey-related revenues (HRR) and have been getting larger absolute dollar amounts.
Add a Comment
Please limit embedded image or media size to 575 pixels wide.
Most Recent Blog Posts
About Kukla's Korner Hockey
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.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
Email Paul anytime at email@example.com