Kukla's Korner Hockey
by Paul on 07/27/11 at 10:19 AM ET
from Sean Fits-Gerald of the National Post,
What would the owners want?
Given the complaints about the height of the salary floor this year (US$48.3-million, or US$9.3-million more than the original cap), it stands to reason the owners will be looking to reduce the percentage paid to players. Under the terms of the CBA, players are entitled to 57% of league revenues in any year in which league revenues exceed US$2.7-billion. A league news release — headlined “Best-ever business year highlighted by record revenue” — issued in April projected NHL revenues at more than US$2.9-billion.
How would the players react to that?
Poorly. Not only did the NHL emerge with its salary cap in the last round of negotiations — winning Bettman’s cherished cost certainty — it also emerged with a 24% rollback of all existing player salaries. The NHLPA, especially with Fehr now at the helm, would not be willing to enter another round of concessionary bargaining just to fix a system the NHL had basically itself designed.
So how would the players fix the trouble of teams fighting to get to the floor?
They would implore the league to improve its revenue sharing program between teams , with more money going from the rich clubs (Toronto, New York Rangers, Philadelphia) to the poor teams (Florida, Nashville, Phoenix). It is also worth remembering the NHLPA proposed adopting a luxury tax during the last round of bargaining. Allowing the bigger clubs to spend beyond the ceiling would obviously soften the league’s hard salary cap, but the penalties those rich teams pay would help fund the poorer teams toward the salary floor.
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 firstname.lastname@example.org