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National Hockey League Owners Still Are Spending Big Money.....


beliveau1

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Managers Still Spending - Toronto Sun

Interesting analysis of the Salary Cap and some of the implications of the big contracts that have been signed this year?

I'm not an expert on the cap so not sure of the technical issues here, or if this is right.

However it does pose some interesting questions about the new NHL, and just how effective the cap is going to be?

Edited by beliveau1
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Because the league is almost certainly going to increase its revenues by no more than a minimal amount this year, the players are going to get tagged with escrow payments of at least 10%, probably 12%.

So watch the fun when someone such as defenceman Chris Pronger -- who thought he had a great post-lockout deal at $6.25 million a year for five years -- gets told that he has to give back roughly $700,000 this year to cover the pay raises of people like Briere, McCabe and Kaberle.

A canoe.ca article, re: escrow, to the same effect:

http://slam.canoe.ca/Slam/Hockey/NHL/2006/...688694-sun.html

Enter Nelson, finger pointing. He taunts, "Ha-Hah!"

Edited by MCeh
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