from Larry Brooks of the NY Post,

All I know is this: The Coy otes wouldn’t have gone bankrupt if Gary Bettman had been able to get “cost certainty” into the collective bargaining agreement.

Do you know what the Coyotes’ calamitous financial state tells us? It tells us that the league’s claims that a hard cap would ensure league-wide prosperity were bankrupt. It tells us that percentage of the gross means as much to low-revenue clubs as the commissioner’s assurances during the season that the media was blowing the Phoenix issue out of proportion.

continued plus some salary cap talk too…