by Forechecker on 02/03/09 at 02:49 PM ET
The exodus of some NHL talent (most notably Alexander Radulov) to Russia’s KHL over the summer caused some concern that perhaps the NHL would have to deal with the most threatening rival league since the old WHA in the 1970’s. However, as the Russian economy has been among the hardest-hit in what is now a global economic recession, the bags of rubles being tossed around by KHL teams to attract talent may instead be turning into Fool’s Gold. This update comes from the International Ice Hockey Federation (IIHF):
After years of prosperity, the endless stream of Rubles by Russian entrepreneurs is coming to a halt. Hampered by the long arms of the financial crisis, the KHL faces its first existence test already halfway into its inaugural season.
Things are getting severe over the water; there’s even talk about unilaterally slashing player salaries:
KHL managing director Vladimir Shalayev confirmed the claim. “The teams do not want to wait until next season and most of all would like to see a central reduction of wages through a new agreement.”
A hat tip goes out to kivaerijo at the Predators’ message boards for pointing this story out. And yes, Alex, this Predators fan would welcome you back to Nashville if you’d like some reliable American greenbacks in your paycheck.
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