Sportsnet: NHL Shooting for Weekend Deal

Discussion in 'The Business of Hockey' started by Scoogs, Jul 6, 2005.

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  1. Scoogs

    Scoogs Registered User

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    http://www.sportsnet.ca/hockey/article.jsp?content=20050706_171050_5180

    It goes on to say that the NHL has called an executive meeting for next Monday.

    Also, as I posted the other day on Kypreos saying that there will be no Luxury Tax, Sportsnet confirms it once again in the article.
     
  2. MissTeeks

    MissTeeks Registered User

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    Sportsnet: Shooting for the weekend

    Link
     
  3. GKJ

    GKJ Global Moderator

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    Wake me up when its over
     
  4. Large_Farva*

    Large_Farva* Guest

    Not it
     
  5. Scoogs

    Scoogs Registered User

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    It says that the roster sizes will not change, and will remain at 23.

    I remember when it was rumored that they could be cut down to free up cap space for teams.
     
  6. Whirlwind

    Whirlwind Registered User

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    Watch they announce the deal during the baseball All-star game. So, anyone looking for hockey news on Sportcenter will be waiting through all the talk to get a tidbit of info. That is of course if Sportcenter people are not fed up yet with hockey. :shakehead
     
  7. Scoogs

    Scoogs Registered User

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    Sportscener TSN or ESPN?

    Screw ESPN because they've never really given hockey a good chance.
     
  8. Digger12

    Digger12 Gold Fever

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    So what happened to it coming from playoff revenues only?

    Does anybody REALLY know what's going on? :propeller
     
  9. FLYLine27*

    FLYLine27* BUCH

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    This right here pretty much confirms it will be done BY monday. Or Bettman will look like a fool when he has nothing to show come Monday.
     
  10. FLYLine27*

    FLYLine27* BUCH

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    Thats another big deal..i know somewhere else said that also but Sportsnet is confirming it now.
     
  11. Scoogs

    Scoogs Registered User

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    Yea we might not hear an official word. But the actual document is completed.

    :cry: :biglaugh: <---- tears of joy
     
  12. Whirlwind

    Whirlwind Registered User

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    Does it matter?
     
  13. Scoogs

    Scoogs Registered User

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    Uhm, yes?

    TSN cares about hockey.
     
  14. Whirlwind

    Whirlwind Registered User

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    I was more commenting on the fact that it will befit situation that "FINALLY" the league and the players have come to an agreement and that the news would be buried in the sport's news announcements. If not baseball...something else.
     
  15. NeoCanuck

    NeoCanuck "No, I don't want to see your pog collection!" Sponsor

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    I honestly don't care. First its Tuesday, Then Thursday, Now its the Weekend.
     
  16. Scoogs

    Scoogs Registered User

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    Kypreos said he doesn't expect anything within the next 48 hours but a deal could be announced on the weekend, and the owners are *hoping* that they can bring the final document to the meeting on Monday.
     
  17. Grandpabuzz

    Grandpabuzz Registered User

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    I hope it's not Friday I'm going to be gone all day and won't hear anything about it.
     
  18. SENSational

    SENSational Registered User

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    Finally
     
  19. Large_Farva*

    Large_Farva* Guest

    Too bad nothing will get done before August 1st.
     
  20. fcbarcelona

    fcbarcelona Registered User

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    Most interesting parts...

    What is known at this point is the system that will govern the 30 teams will be based on a hard salary cap, likely just under $40-million with a floor of approximately $22-million.

    Sportsnet can confirm this system will not include a luxury tax, however revenue sharing will very much play a role in trying to sustain all teams' long-term viability. And while the revenue sharing component soon to be released will be more comprehensive, the most simplistic way to describe it is the top 10 teams will feed a percentage of their gross hockey revenues into a pool designed to prop up the bottom 10 teams.

    Clearly, it's undetermined as to what dollar amount the higher revenue clubs can expect to contribute, however sources say these teams believe it will hover between $5-7 million dollars annually.


    That hard cap hardly differs from the one from Bettman's Feb. proposal. The 42.5 M figure included player benefits while Garrioch reported a 39 M cap that consists only of salaries.

    As far as the revenue sharing goes...it'll make a small dent in the profits of the large market teams but help the bottom ten survive any economic hardships they're enduring. It, however, doesn't make sure these bottom ten will be able to keep their best players. This type of revenue sharing is hardly impressive and won't help the players one bit as all that money will go into the back pocket of smaller market owners.
     
  21. Boltsfan2029

    Boltsfan2029 Registered User

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    I would have thought that they would have learned from baseball's example and written it into the CBA that the money distributed via revenue sharing and/or luxury tax would be required to be placed back in the product and not the owners' wallets. Amazing to think they've got all those legal minds working on this document & not a single one of them thought of this! :eek:
     
  22. sXe

    sXe Yuuuuuup!

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    Especially now that you gave them the idea.
     

  23. Jeezus, if the PA gets a $38-$39 M cap, plus revenue sharing to help the smaller teams pay for salaries, therebye increasing salaries on the small market teams, how is this much worse than the deal in February?

    When the Sean Avery's of the world are speaking out one way, it's always a good idea to consider the other.
     
  24. Scoogs

    Scoogs Registered User

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    Healy on TSN says that this deal being worse than the deal in February is a myth. He said even though players might not like it, this is it. This is what gets players back on the ice in October.
     
  25. fcbarcelona

    fcbarcelona Registered User

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    lol. i think the small market owners want to make some money too. besides, they're already being 'forced' to spend 22 M.
     
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