Re: As expected NHL salary cap at around $71M for next season.
posted at 12/11/2013 9:36 AM EST
In response to Not-A-Shot's comment:
In response to Bookboy007's comment:
Factor it at $300M/yr over ten years of the deal and yeah, the lockout looks really smart to me.
Many people think it was about the players making too much money. They don't realize it was about the players making too much OF the money.
Owners are thrilled to be able to pay guys $10M/yr. It just means they're making that much more overall.
If we're going to correctly pigeon hole "why' this happenned despite record annual growth, I believe it was sold as a neccesity to maintain some "financial health for the small market teams...the have-nots.
Even reasonably skilled financial people understood the only way that could ever come to pass, is for the "big market teams"..to start failing, causing the whole thing to regress. When paying by percentages...when the number goes up...you pay more. It has no bearing on the financial weaklings.
This deal didn't really do much for the little guys. It made the big dogs a lot richer though, simply through legislation.
Everyone knew going in, the split would be around 50-50, and virtually no one was screaming about that. It was pretty much the standard in pro sport, and the PA moved quickly off the 57.
This looming catastrophe that supposedly was staring down the virtual suvival of the league....was put off for about 1.5 seasons. The Florida's of the league are going to see a huge increase in the floor next year, and that's supposedly the root problem.
And the cost? Impossible to figure exactly, because some things just must be projected.
My take? The difference between 50% of a full year last year...and 50% of what we ended up with, and that's a big net loss. Then there's the really toughie. Did the lockout delay growth, or did it add fuel to it. It could be debated endlessly(I originally thought it would hurt, but now am not so sure), but is unquestionably one way or the other.
As far as owners being "thrilled" to pay someone 10 mil...it seems they're thrilled to overspend whatever the cap number is.