Has this idea been discussed?

Discussion in 'The Business of Hockey' started by acr*, Jan 18, 2005.

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  1. acr*

    acr* Guest

    If they do go to a salary cap system, a big sticking point seems to be guaranteed contracts, but I was thinking there could be a solution to that.

    No guaranteed contracts, but the Union must provide insurance on those contracts(after a tax of something like 5% or under of the contract to the union, to be put in a pot for this purpose) so if they're cut, they still get a good percentage of the money they were promised.

    The biggest problem I can think of with this is that it'd be incredibly easy to commit insurance fraud like this. Someone could sign Sandy McCarthy to a 3 year deal with the first two worth $1 million but the third worth $5 mil, and they cut him the summer before, he gets that money at the expense of the union and the rest o the playes for that matter.

    Other than that, is it a reasonable idea?
     
  2. HckyFght*

    HckyFght* Guest

    I would simply have a buy-out clause, say 25% of the entire contract or some such. There needs to be some protection for the league against players inking a deal based on strong numbers that they are then unable to deliver on, just as their needs to be protection for players against being cut arbitrarily.

    In a perfect world the players salary would rise and fall based on a formula for achievement and performance levels with an intangible category for leadership and solid players who may not generate big statistical numbers.

    -HckyFght!
     
  3. I in the Eye

    I in the Eye Drop a ball it falls

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    You mean, something like how investment analysts are compensated? http://www.thestreet.com/markets/analystrankings/961248.html
     
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