Discussion in 'The Business of Hockey' started by CaptainShark, Feb 22, 2005.
Are these franchises paying their players in US$ or in Canadien $?
Seriously - The Canadian teams take most of their revenue (from the gate) in Canadian $, but all player contracts are paid in American $ - not so bad now that the exchange rate is about 1.25:1, but about 3 years ago it was 1.55:1
That was another thing seriously hurting the Canadian Franchises.
The Canadian teams now pay their players in US dollars.
The NHL operates a currency equalization plan to assist the Canadian franchises.
This equalization plan by the way has been contested by the NHLPA in the past - can't remember the exact reason, but I remember shaking my head when I read a couple of years ago....
Thanx guys... i was having a nice discussion with another fellow at a German-Hockey-Board and she told me that she read in the hockey-news that Canadien Teams were paying there players in Canadien-Dollars. I was pretty sure it wasnÂ´t that way and thanx to you, I now have sort of proof for that
When they ever decide to play again. European players will probably demand to be paid in Euro$
Why is it that Canadian franchises are thought to be suffering because the exchange rate isn't 1:1?
I'm just an accountant so I don't understand these things. Please explain.