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Entries with the tag: khl
When the Kontinental Hockey League (KHL) was founded in 2008, more than a few observers suggested it had the resources to not only retain the best Russian talent, but could also prove a viable rival to the National Hockey League for the world’s best players.
One reason for that belief was the presence of wealthy Russian investors, many of whom earned their fortunes via the country’s lucrative petroleum industry, making it possible for KHL teams to offer up competitive salaries to top free agent players.
Russian professional athletes also don’t to pay income tax on their salaries in their home country, which was also seen as another potential enticement.
It was also believed the KHL, born in part out of frustration over the NHL’s unwillingness to properly compensate Russian teams when their best young players were signed by NHL teams, would stand a better chance of retaining that young talent than the old Russian Super League.