Why a cap is so important to Bettman!

Discussion in 'The Business of Hockey' started by Whitesnake, Jan 13, 2005.

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  1. Whitesnake

    Whitesnake How many years?

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    I've just posted that on the Habs forum, but I'm just wondering if any of you guys heard something about Bettman having a 20 millions in bonuses in his contract if a salary cap is part of the new CBA. And an additionnal 5 million if players accept 53% of the revenues instead of 58%.

    Learned that on CKAC 730 in Montreal from a reporter who mostly thinks he knows everything but he's rarely right about everything.

    But again, could be possible. Sorry if it's old news but I don't think I saw that anywhere but I wanted to see if somebody else in the league heard that.
     
  2. nyr7andcounting

    nyr7andcounting Registered User

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    $20 million? Does the league even have $20 million? I haven't heard about that but it would certainly be a shame if people at team and league offices are getting laid off and arena workers are losing their jobs, and Bettman is going to end up with $20 million in his pocket. That would be a complete embarassment.

    But, no one here or anywhere for that matter has access to Bettman's contract except Bettman himself and his bosses who would not disclose that information anyway. I can't believe this would be true.
     
  3. thinkwild

    thinkwild Veni Vidi Toga

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    $700k from each billionaire owner if he saves them $10mil a year and gets certainty? That would seem easily doable. Its rather common in business and govt to give performance bonuses like this. CEOs get more if they meet certain objectives. Govt ministers get perf bonuses if they can manage a file through to certain objectives.

    It doesnt seem unbelievable. But it doesnt really seem all that important if it were true either.
     
  4. me2

    me2 Calling out the crap

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    The cap must be pretty important to the owners if they are prepared to pay Bettman $20m for bringing it in.
     
  5. misterjaggers

    misterjaggers Registered User

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    This thread should be titled, (unsubstantiated) rumor...
     
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