Question concerning Canadien franchises...

[CaptainShark]

Are these franchises paying their players in US$ or in Canadien $?

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[Jazz]

Are these franchises paying their players in US$ or in Canadien $?

Americen $,

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

 

[Mountain Dude]

Americen $,

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.

 

[Wetcoaster]

Are these franchises paying their players in US$ or in Canadien $?

The Canadian teams now pay their players in US dollars.

The NHL operates a currency equalization plan to assist the Canadian franchises.

 

[Jazz]

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....

 

[CaptainShark]

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 wasn´t that way and thanx to you, I now have sort of proof for that

 

[Brindfan]

When they ever decide to play again. European players will probably demand to be paid in Euro$

 

[Fredrik]

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.