by SENShobo on 10/06/08 at 09:03 PM ET
From Ken Campbell of The Hockey News,
Guys like George Gillett gave up a season of profits so that guys like Ted Leonsis could have a better chance to make some of their own. But, three years after the lockout, the collective bargaining agreement does not seem to be working so great for either of them.
The lockout was supposed to be about keeping player costs in line, but Gillett looks at the money he is paying out and notices that with what his team pays into player salaries and revenue sharing, he is putting out more money than he did prior to the lockout. He owns the Montreal Canadiens.
The lockout was supposed to level the financial playing field and give everyone a chance to make a profit. Leonsis looks at his bottom line and sees he is still losing money and will do so again this season. In order for him to start making any money, the stars will have to align as they never have before. He owns the Washington Capitals.
Last week I wrote my thoughts on the CBA, and this only further explores the hardships of the current system. A time will come when a new deal is reached, but whether it will benefit the owners of rich successful teams, of smaller market teams, or the players themselves, that remains to be seen.
Like a politician only now admitting that there is a financial crisis going on, let us hope that along with extolling the virtues of the new CBA, Bettman and Kelly start openly admitting some of the issues with it, so they can be discussed and addressed before any monumental crises emerge.
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