This is my latest proposal -- the simulation below reflects the most realistic estimate of 2005/06 payrolls (accounting for the 24% rollback).
1) SALARY CAP
Not linked to league revenues.
Hard payroll floor (escalating):
2005/06 $25.0 million
2006/07 $25.5 million
2007/08 $26.0 million
2008/09 $26.5 million
2009/10 $27.0 million
2010/11 $27.5 million
Soft payroll ceiling (escalating):
2005/06 $34.0 million
2006/07 $34.5 million
2007/08 $35.0 million
2008/09 $35.5 million
2009/10 $36.0 million
2010/11 $36.5 million
Hard payroll ceiling (escalating):
2005/06 $42.5 million
2006/07 $43.0 million
2007/08 $43.5 million
2008/09 $44.0 million
2009/10 $44.5 million
2010/11 $45.0 million
Significant fines if payroll exceeds hard payroll ceiling or falls below payroll floor (fines to be negotiated, redistributed via luxury pool).
2) LUXURY TAX
Taxes assessed for each dollar over soft payroll ceiling, as per:
50% of amount over soft payroll ceiling
Teams less than soft payroll ceiling receive pro-rata share of taxes/fines.
(total shared depends on # of teams below soft salary ceiling - see example below)
3) REVENUE SHARING
Bring revenues of bottom 15 team within 33% of top 15 teams.
Highest 10 teams contribute pro-rata share (55 total shares, #1 = gives 10 shares, #10 = gives 1 share).
Lowest 10 teams receive pro-rata share (55 total shares, #30 = receives 10 shares... #21 = receives 1 share).
4) SALARY ROLLBACK
24% across-the-board immediate rollback on all current salaries.
(this would also apply to qualifying offers for current free agents)
5) ENTRY-LEVEL
a) Cap base salary at $850k.
b) Cap signing bonus at 25% of base salary.
c) Performance bonuses at per league-wide schedule (see #8 below)
6) QUALIFYING OFFERS
Minimum qualifying offer to retain rights must be:
< $850,000: 100% of previous salary
$850k-$1.6m: 98% of previous salary
$1.6m-$3.2m: 96% of previous salary
$3.2m-$4.8m: 94% of previous salary
$4.8m-$6m: 92% of previous salary
>$6m: 90% of previous salary
7) FREE AGENCY
Unrestricted free agency at 30 yrs or after 600 games (min age = 28 yrs).
8) BONUSES
All contract bonuses to follow league-wide uniform negotiated schedule.
a) 'A' bonuses for individual team achievements (to be negotiated)
b) 'B' bonuses for major awards and top 10 league achievements (to be negotiated)
c) 'C' bonuses for education, travel, accommodation (to be negotiated)
9) MINIMUM SALARY
Raise to $300k.
10) ARBITRATION
Two-way arbitration. Players must elect by July 1. If no agreement is reached, teams can elect by Aug 1.
Cases to be heard during August. High/low system – arbitrator elects one or the other.
Cut-off date for contracts = first day of regular season.
11) ADVISORY COUNCIL
Players, managers, former players & managers, officials, etc. to advise on revisions to game, marketing, etc.
****************************************************************************************************
SIMULATION
SUMMARY
Total league payrolls = $952m
Total league revenues = $1961m
Hockey-related revenues (90% of revenues) = $1765m (down 13.1%)
% of hockey-related revenues to players = 53.9%
Total profit (all teams combined) = 148 million
If is safe to assume revenues will be down as a result of the lockout.
Let's assume league revenues will be down +/- 15% overall.
It is reasonable to assume that non-traditional markets will be hit the hardest.
REVENUES
Revenues are estimated based on anticipated loss of revenue in five categories of cities:
Category 1 - hockey towns or large market; minimal impact on revenues (-5%)
Category 2 - strong market or strong hockey market; below average impact (-10%)
Category 3 - average hockey market; average impact (-15%)
Category 4 - weak market or weak hockey market; significant impact (-20%)
Category 5 - non-traditional markets; large impact (-25%)
Estimated Post-lockout revenues:
1 NYR 118 - 5% = 112.1 million
2 TOR 117 - 5% = 111.2 million
3 PHL 106 - 5% = 100.7 million
4 COL 99 - 5% = 94.1 million
5 DAL 103 - 10% = 92.7 million
6 DET 97 - 5% = 92.2 million
7 BOS 95 - 10% = 85.5 million
8 MTL 90 - 5% = 85.5 million
9 TB 88 - 10% = 79.2 million
10 VAN 74 - 5% = 70.3 million
11 LA 80 - 15% = 68.0 million
12 MIN 71 - 5% = 67.4 million
13 OTT 70 - 10% = 63.0 million
14 CAL 70 - 10% = 63.0 million
15 SJ 74 - 15% = 62.9 million
16 CHI 71 - 15% = 60.4 million
17 STL 66 - 10% = 59.4 million
18 CBJ 66 - 15% = 56.1 million
19 NJD 61 - 15% = 51.9 million
20 NYI 64 - 20% = 51.2 million
21 EDM 55 - 10% = 49.5 million
22 ATL 59 - 20% = 47.2 million
23 WSH 61 - 25% = 45.8 million
24 FLA 60 - 25% = 45.0 million
25 BUF 51 - 15% = 43.4 million
26 PHX 57 - 25% = 42.8 million
27 NSH 57 - 25% = 42.8 million
28 PIT 52 - 20% = 41.6 million
29 ANA 54 - 25% = 40.5 million
30 CAR 52 - 25% = 39.0 million
Top 15 revenues: $1247.8 million (avg = $83.2 million)
Bottom 15 revenues: $713.7 million (avg = $47.6 million)
Thus, to bring the bottom half within 33% of the top half will require a revenue pool of about $69 million.
(i.e. avg top 15 = 78.6, avg bottom 15 = 52.2, thus transfer 4.6 x 15 = 69 million)
Thus 55 shares, $69 million, so 1 share = approx. $1.25 million
Therefore:
#1 revenue team (NYR) would contribute 10 x $1.25m = $12.5 million (11.2% of their revenue)
#2 revenue team (TOR) would contribute 9 x $1.25m = $11.25 million (10.1%)
#3 revenue team (PHL) would contribute 8 x $1.25m = $10.0 million (9.9%)
#4 revenue team (COL) would contribute 7 x $1.25m = $8.75 million (9.3%)
#5 revenue team (DAL) would contribute 6 x $1.25m = $7.5 million (8.1%)
#6 revenue team (DET) would contribute 5 x $1.25m = $6.25 million (6.8%)
#7 revenue team (BOS) would contribute 4 x $1.25m = $5.0 million (5.8%)
#8 revenue team (MTL) would contribute 3 x $1.25m = $3.75 million (4.4%)
#9 revenue team (TB) would contribute 2 x $1.25m = $2.5 million (3.3%)
#10 revenue team (VAN) would contribute 1 x $1.25m = $1.25 million (1.8%)
...
#30 revenue team (CAR) would receive 10 x $1.25m = $12.5 million (32.1% increase)
#29 revenue team (ANA) would receive 9 x $1.25m = $11.25 million (27.8%)
#28 revenue team (PIT) would receive 8 x $1.25m = $10.0 million (24.0%)
#27 revenue team (NSH) would receive 7 x $1.25m = $8.75 million (20.4%)
#26 revenue team (PHX) would receive 6 x $1.25m = $7.5 million (17.5%)
#25 revenue team (BUF) would receive 5 x $1.25m = $6.25 million (14.4%)
#24 revenue team (FLA) would receive 4 x $1.25m = $5.0 million (11.1%)
#23 revenue team (WSH) would receive 3 x $1.25m = $3.75 million (8.2%)
#22 revenue team (ATL) would receive 2 x $1.25m = $2.5 million (5.3%)
#21 revenue team (EDM) would receive 1 x $1.25m = $1.25 million (2.5%)
(actual payments to be adjusted to ensure order of revenue ranking maintained)
PAYROLL ESTIMATES
1) Toronto $42.5 million (tax = $4.25 million)
2) Dallas $42.5m (tax = $4.25 million)
3) Colorado $42.5m (tax = $4.25 million)
4) NY Rangers $42.5 million (tax = $4.25 million)
5) Philadelphia $42.5 million (tax = $4.25 million)
6) Detroit $42.5m (tax = $4.25 million)
7) Vancouver $36.0 million (tax = $1.0 million)
8) Tampa Bay $36.0 million (tax = $1.0 million) -------> total taxes = $27.5 million
9) Montreal $34.0 million
10) New Jersey $34.0 million
11) Ottawa $33.8 million
12) Boston $33.6 million
13) St. Louis $33.1 million
14) Anaheim $32.9 million
15) Los Angeles $30.0m
16) Calgary $29.1 million
17) San Jose $27.9 million
18) Minnesota $27.8 million
19) Chicago $27.1 million
20) Edmonton $26.4 million
21) Columbus $26.3 million
22) Buffalo $26.3 million
23) Phoenix $25.8 million
24) NY Islanders $25.8 million
25) Nashville $25.7 million
26) Atlanta $25.0 million
27) Pittsburgh $25.0 million
28) Washington $25.0 million
29) Carolina $25.0 million
30) Florida $25.0 million
So, 22 teams receive portion of tax. 253 total shares (22+21+20+...+2+1)
So, 1 share = $27.5 million / 253 = approx. $108,000 per share
#30 payroll team (FLA) would receive 22 shares = $2.4m
#29 payroll team (CAR) would receive 21 shares = $2.2m
#28 payroll team (WSH) would receive 20 shares = $2.1m
#27 payroll team (PIT) would receive 19 shares = $2.0m
#26 payroll team (ATL) would receive 18 shares = $1.9m
#25 payroll team (NSH) would receive 17 shares = $1.8m
#24 payroll team (NYI) would receive 16 shares = $1.7m
#23 payroll team (PHX) would receive 15 shares = $1.6m
#22 payroll team (BUF) would receive 14 shares = $1.5m
#21 payroll team (CBJ) would receive 13 shares = $1.4m
#20 payroll team (EDM) would receive 12 shares = $1.3m
#19 payroll team (CHI) would receive 11 shares = $1.2m
#18 payroll team (MIN) would receive 10 shares = $1.1m
#17 payroll team (SJ) would receive 9 shares = $1.0m
#16 payroll team (CAL) would receive 8 shares = $0.9m
#15 payroll team (LA) would receive 7 shares = $0.7m
#14 payroll team (ANA) would receive 6 shares = $0.6m
#13 payroll team (STL) would receive 5 shares = $0.5m
#12 payroll team (BOS) would receive 4 shares = $0.4m
#11 payroll team (OTT) would receive 3 shares = $0.3m
#10 payroll team (NJ) would receive 2 shares = $0.2m
#9 payroll team (MTL) would receive 1 shares = $0.1m
--- teams beyond this point are > soft cap.
Note for the following balances sheets:
- This model assumes “other costs†to be the same as 2003/04.
- However, if revenues drop (as expected), it is likely that teams will attempt to reduce those “other costs†to the extent possible.
- So, this is a conservative model.
BALANCE SHEETS
1) ANAHEIM MIGHTY DUCKS
Own Revenues = $40.5m (25% decrease)
Shared Revenue = +$11.25m
Tax/Fine Revenue = +$0.6m
TOTAL REVENUES = $52.4 million
--
Player costs = $32.9m (estimated)
Current contracts (with rollback) = $30.4m for 18 players
Remaining contracts = +$2.5m for +5 players
Other costs = $18.4m (based on 2003/04)
TOTAL COSTS = $51.3 million
--
OPERATING INCOME = +$1.1 million
(2003/04 = -$22.4 million)
2) ATLANTA THRASHERS
Own Revenues = $47.2m (20% decrease)
Shared Revenue = +$2.5m
Tax/Fine Revenue = +$1.9m
TOTAL REVENUES = $51.6 million
--
Player costs = $25.0m (estimated)
Current contracts (with rollback) = $18.5m for 21 players
Remaining contracts = +$6.5m for +2 players
Other costs = $25.1m (based on 2003/04)
TOTAL COSTS = $50.1 million
--
OPERATING INCOME = +$1.5 million
(2003/04 = +$0.9 million)
3) BOSTON BRUINS
Own Revenues = $85.5m (10% decrease)
Shared Revenue = -$5.0m
Tax/Fine Revenue = +$0.4m
TOTAL REVENUES = $80.9 million
--
Player costs = $33.6m (estimated)
Current contracts (with rollback) = $21.6m for 11 players
Remaining contracts = +$12.0m for +12 players
Other costs = $39.7m (based on 2003/04)
TOTAL COSTS = $73.3 million
--
OPERATING INCOME = +$7.6 million
(2003/04 = +$2.3 million)
4) BUFFALO SABRES
Own Revenues = $43.4m (15% decrease)
Shared Revenue = +$6.25m
Tax/Fine Revenue = +$1.5m
TOTAL REVENUES = $51.4 million
--
Player costs = $26.3m (estimated)
Current contracts (with rollback) = $28.1m for 25 players
Remaining contracts = Send Jillson ($798k) to minors, trade Connelly ($1.0m)
Other costs = $23.5m (based on 2003/04)
TOTAL COSTS = $49.8 million
--
OPERATING INCOME = +$1.4 million
(2003/04 = -$10.5 million)
5) CALGARY FLAMES
Own Revenues = $63.0m (10% decrease)
Shared Revenue = 0
Tax/Fine Revenue = +$0.9m
TOTAL REVENUES = $63.9 million
--
Player costs = $29.1m (estimated)
Current contracts (with rollback) = $23.1m for 22 players
Remaining contracts = +$6.0m for +1 players (Iginla)
Other costs = $24.7m (based on 2003/04)
TOTAL COSTS = $53.8 million
--
OPERATING INCOME = +$10.1 million
(2003/04 = +$2.3 million)
6) CAROLINA HURRICANES
Own Revenues = $39.0m (25% decrease)
Shared Revenue = +12.5m
Tax/Fine Revenue = +$2.2m
TOTAL REVENUES = $53.7 million
--
Player costs = $25.0m (estimated)
Current contracts (with rollback) = $21.3m for 18 players
Remaining contracts = +$3.7m for +5 players
Other costs = $29.2m (based on 2003/04)
TOTAL COSTS = $54.2 million
--
OPERATING INCOME = -$0.5 million
(2003/04 = -$18.2 million)
7) CHICAGO BLACKHAWKS
Own Revenues = $60.4m (15% decrease)
Shared Revenue = 0
Tax/Fine Revenue = +$1.2m
TOTAL REVENUES = $61.8 million
--
Player costs = $27.1m (estimated)
Current contracts (with rollback) = $19.1m for 18 players
Remaining contracts = +$8.0m for +5 players
Other costs = $27.6m (based on 2003/04)
TOTAL COSTS = $54.7 million
--
OPERATING INCOME = +$6.9 million
(2003/04 = +$9.4 million)
8) COLORADO AVALANCHE
Own Revenues = $94.1m (5% decrease)
Shared Revenue = -$8.75m
Tax/Fine Revenue = -$4.25m
TOTAL REVENUES = $81.1 million
--
Player costs = $42.5m (estimated)
Current contracts (with rollback) = $40.3m for 25 players
Remaining contracts = +$2.2m for +2 players
Other costs = $30.1m (based on 2003/04)
TOTAL COSTS = $72.6 million
--
OPERATING INCOME = +$8.5 million
(2003/04 = -$1.1 million)
9) COLUMBUS BLUE JACKETS
Own Revenues = $56.1m (15% decrease)
Shared Revenue = 0
Tax/Fine Revenue = +$1.4m
TOTAL REVENUES = $57.5 million
--
Player costs = $26.3m (estimated)
Current contracts (with rollback) = $20.9m for 18 players
Remaining contracts = +$5.4m for +5 players
Other costs = $29.1m (based on 2003/04)
TOTAL COSTS = $55.4 million
--
OPERATING INCOME = +$2.1 million
(2003/04 = +$0.9 million)
10) DALLAS STARS
Own Revenues = $92.7m (10% decrease)
Shared Revenue = -$7.5m
Tax/Fine Revenue = -$4.25m
TOTAL REVENUES = $81.0 million
--
Player costs = $42.5m (estimated)
Current contracts (with rollback) = $40.8m for 18 players
Remaining contracts = Buy out Turgeon (-$5.3m), add 6 players (avg $1.15m)
Other costs = $29.3m (based on 2003/04)
TOTAL COSTS = $71.8 million
--
OPERATING INCOME = +$9.2 million
(2003/04 = -$0.3 million)
11) DETROIT RED WINGS
Own Revenues = $92.2m (5% decrease)
Shared Revenue = -$6.25m
Tax/Fine Revenue = -$4.25m
TOTAL REVENUES = $81.7 million
--
Player costs = $42.5m (estimated)
Current contracts (with rollback) = $43.4m for 21 players
Remaining contracts = trade Whitney (-$2.5m), add 3 players (avg $500k)
Other costs = $33.4m (based on 2003/04)
TOTAL COSTS = $75.9 million
--
OPERATING INCOME = +$5.8 million
(2003/04 = -$16.4 million)
12) EDMONTON OILERS
Own Revenues = $49.5m (10% decrease)
Shared Revenue = +$1.25m
Tax/Fine Revenue = +$1.3m
TOTAL REVENUES = $52.1 million
--
Player costs = $26.4m (estimated)
Current contracts (with rollback) = $23.4m for 22 players
Remaining contracts = +$3.0m for +1 players
Other costs = $14.7m (based on 2003/04)
TOTAL COSTS = $41.1 million
--
OPERATING INCOME = +$11.0 million
(2003/04 = +$3.3 million)
13) FLORIDA PANTHERS
Own Revenues = $45.0m (25% decrease)
Shared Revenue = +$5.3m
Tax/Fine Revenue = +$2.4m
TOTAL REVENUES = $52.7 million
--
Player costs = $25.0m (estimated)
Current contracts (with rollback) = $14.3m for 18 players
Remaining contracts = +$10.7m for +5 players
Other costs = $31.7m (based on 2003/04)
TOTAL COSTS = $56.7 million
--
OPERATING INCOME = -$4.0 million
(2003/04 = -$3.7 million)
14) LOS ANGELES KINGS
Own Revenues = $68.0m (15% decrease)
Shared Revenue = 0
Tax/Fine Revenue = +$0.7m
TOTAL REVENUES = $68.7 million
--
Player costs = $30.0m (estimated)
Current contracts (with rollback) = $26.5m for 22 players
Remaining contracts = +$3.5m for +1 players
Other costs = $29.3m (based on 2003/04)
TOTAL COSTS = $59.3 million
--
OPERATING INCOME = +$9.4 million
(2003/04 = -$5.3 million)
15) MINNESOTA WILD
Own Revenues = $67.4m (5% decrease)
Shared Revenue = 0
Tax/Fine Revenue = +$1.1m
TOTAL REVENUES = $68.5 million
--
Player costs = $27.8m (estimated)
Current contracts (with rollback) = $21.8m for 20 players
Remaining contracts = +$6.0m for +3 players
Other costs = $29.3m (based on 2003/04)
TOTAL COSTS = $57.1 million
--
OPERATING INCOME = +$11.4 million
(2003/04 = +$11.5 million)
16) MONTREAL CANADIENS
Own Revenues = $85.5m (5% decrease)
Shared Revenue = -$3.75m
Tax/Fine Revenue = +$0.1m
TOTAL REVENUES = $81.9 million
--
Player costs = $34.0m (estimated)
Current contracts (with rollback) = $26.9m for 18 players
Remaining contracts = +$7.1m for +5 players
Other costs = $31.5m (based on 2003/04)
TOTAL COSTS = $65.5 million
--
OPERATING INCOME = +$16.4 million
(2003/04 = +$7.5 million)
17) NASHVILLE PREDATORS
Own Revenues = $42.8m (25% decrease)
Shared Revenue = +$8.75m
Tax/Fine Revenue = +$1.8m
TOTAL REVENUES = $53.4 million
--
Player costs = $25.7m (estimated)
Current contracts (with rollback) = $19.7m for 19 players
Remaining contracts = +$6.0m for +4 players
Other costs = $21.8m (based on 2003/04)
TOTAL COSTS = $47.5 million
--
OPERATING INCOME = +$5.9 million
(2003/04 = +$6.2 million)
18) NEW JERSEY DEVILS
Own Revenues = $51.9m (15% decrease)
Shared Revenue = 0
Tax/Fine Revenue = $0.2m
TOTAL REVENUES = $52.1 million
--
Player costs = $34.0m (estimated)
Current contracts (with rollback) = $46.3m for 24 players
Remaining contracts = Stevens retires (-$5.2m), trade Madden (-$3.5m),
Friesen (-$2.3m), Gomez (-$2.2m) add 3 players (avg $350k)
Other costs = $20.9m (based on 2003/04)
TOTAL COSTS = $54.9 million
--
OPERATING INCOME = -$2.8 million
(2003/04 = -$13.9 million)
19) NEW YORK ISLANDERS
Own Revenues = $51.2m (20% decrease)
Shared Revenue = 0
Tax/Fine Revenue = +$1.7m
TOTAL REVENUES = $52.9 million
--
Player costs = $25.8m (estimated)
Current contracts (with rollback) = $28.6m for 17 players
Remaining contracts = trade Peca (-$3.2m), Niinimaa (-$2.3m),
Parrish (-$1.8m) add 9 players (avg = $500k)
Other costs = $26.5m (based on 2003/04)
TOTAL COSTS = $52.3 million
--
OPERATING INCOME = +$0.6 million
(2003/04 = -$9.5 million)
20) NEW YORK RANGERS
Own Revenues = $112.1m (5% decrease)
Shared Revenue = -$12.5m
Tax/Fine Revenue = -$4.25m
TOTAL REVENUES = $95.4 million
--
Player costs = $42.5m (estimated)
Current contracts (with rollback) = $31.8m for 15 players
Remaining contracts = +$10.7m for +8 players
Other costs = $43.4m (based on 2003/04)
TOTAL COSTS = $85.9 million
--
OPERATING INCOME = +$9.5 million
(2003/04 = -$3.3 million)
21) OTTAWA SENATORS
Own Revenues = $63.0m (10% decrease)
Shared Revenue = 0
Tax/Fine Revenue = +$0.3m
TOTAL REVENUES = $63.3 million
--
Player costs = $33.8m (estimated)
Current contracts (with rollback) = $31.8m for 20 players
Remaining contracts = +$2.0m for +3 players
Other costs = $27.0m (based on 2003/04)
TOTAL COSTS = $60.8 million
--
OPERATING INCOME = +$2.5 million
(2003/04 = -$5.0 million)
22) PHILADELPHIA FLYERS
Own Revenues = $100.7m (5% decrease)
Shared Revenue = -$10.0m
Tax/Fine Revenue = -$4.25m
TOTAL REVENUES = $86.4 million
--
Player costs = $42.5m (estimated)
Current contracts (with rollback) = $50.0m for 24 players
Remaining contracts = Buy out LeClair (-$6.8m) and Hackett ($-2.3m), add 1 player (+$1.6m)
Other costs = $37.1m (based on 2003/04)
TOTAL COSTS = $79.1 million
--
OPERATING INCOME = +6.8 million
(2003/04 = -$4.1 million)
23) PHOENIX COYOTES
Own Revenues = $42.8m (25% decrease)
Shared Revenue = +$7.5m
Tax/Fine Revenue = +$1.6m
TOTAL REVENUES = $51.9 million
--
Player costs = $25.8m (estimated)
Current contracts (with rollback) = $31.9m for 26 players
Remaining contracts = Buy out Savage (-$2.9m), trade Johnson (-$1.4m),
O'Donnell (-$1.3m), Ference (-$1.0m), add 1 player ($500k)
Other costs = $25.8m (based on 2003/04)
TOTAL COSTS = $51.6 million
--
OPERATING INCOME = +$0.3 million
(2003/04 = -$7.8 million)
24) PITTSBURGH PENGUINS
Own Revenues = $41.6m (20% decrease)
Shared Revenue = +$10.0m
Tax/Fine Revenue = +$2.0m
TOTAL REVENUES = $53.6 million
--
Player costs = $25.0m (estimated)
Current contracts (with rollback) = $11.1m for 16 players
Remaining contracts = +$21.3m for +7 players
Other costs = $20.6m (based on 2003/04)
TOTAL COSTS = $45.6 million
--
OPERATING INCOME = +$8.0 million
(2003/04 = -$0.6 million)
25) ST.LOUIS BLUES
Own Revenues = $59.4m (10% decrease)
Shared Revenue = 0
Tax/Fine Revenue = +$0.5m
TOTAL REVENUES = $59.9 million
--
Player costs = $33.1m (estimated)
Current contracts (with rollback) = $33.4m for 19 players
Remaining contracts = Buy out Khavanov (-$1.3m), Drake (-$1.1m), add 6 players (avg $350k)
Other costs = $26.8m (based on 2003/04)
TOTAL COSTS = $59.9 million
--
OPERATING INCOME = 0
(2003/04 = -$28.8 million)
26) SAN JOSE SHARKS
Own Revenues = $62.9m (15% decrease)
Shared Revenue = 0
Tax/Fine Revenue = +$1.0m
TOTAL REVENUES = $63.9 million
--
Player costs = $27.9m (estimated)
Current contracts (with rollback) = $24.6m for 22 players
Remaining contracts = +$3.3m for +1 player
Other costs = $33.7m (based on 2003/04)
TOTAL COSTS = $61.6 million
--
OPERATING INCOME = +$2.3 million
(2003/04 = +$1.3 million)
27) TAMPA BAY LIGHTNING
Own Revenues = $79.2m (10% decrease)
Shared Revenue = -$2.5m
Tax/Fine Revenue = -$0.5m
TOTAL REVENUES = $76.2 million
--
Player costs = $36.0m (estimated)
Current contracts (with rollback) = $30.8m for 20 players
Remaining contracts = +$5.2m for +3 players
Other costs = $38.4m (based on 2003/04)
TOTAL COSTS = $74.4 million
--
OPERATING INCOME = +$1.8 million
(2003/04 = +$8.6 million)
28) TORONTO MAPLE LEAFS
Own Revenues = $111.2m (5% decrease)
Shared Revenue = -$11.25m
Tax/Fine Revenue = -$4.25m
TOTAL REVENUES = $95.7 million
--
Player costs = $42.5m (estimated)
Current contracts (with rollback) = $46.6m for 19 players
Remaining contracts = Trade Roberts (-$2.9m), Tucker (-$1.6m) & Kaberle (-$2.2m), add 7 players (avg $375k)
Other costs = $33.9m (based on 2003/04)
TOTAL COSTS = $76.4 million
--
OPERATING INCOME = +$19.3 million
(2003/04 = +$14.1 million)
29) VANCOUVER CANUCKS
Own Revenues = $70.3m (5% decrease)
Shared Revenue = -$1.25m
Tax/Fine Revenue = -$1.0m
TOTAL REVENUES = $68.1 million
--
Player costs = $36.0m (estimated)
Current contracts (with rollback) = $32.9m for 21 players
Remaining contracts = +$3.1m for +2 players
Other costs = $27.7m (based on 2003/04)
TOTAL COSTS = $63.7 million
--
OPERATING INCOME = +$4.4 million
(2003/04 = +$1.3 million)
30) WASHINGTON CAPITALS
Own Revenues = $45.8m (25% decrease)
Shared Revenue = +$3.75m
Tax/Fine Revenue = +$2.1m
TOTAL REVENUES = $51.7 million
--
Player costs = $25.0m (estimated)
Current contracts (with rollback) = $13.9m for 14 players
Remaining contracts = +$11.1m for +9 players
Other costs = $26.7m (based on 2003/04)
TOTAL COSTS = $51.7 million
--
OPERATING INCOME = 0
(2003/04 = -$14.7 million)
1) SALARY CAP
Not linked to league revenues.
Hard payroll floor (escalating):
2005/06 $25.0 million
2006/07 $25.5 million
2007/08 $26.0 million
2008/09 $26.5 million
2009/10 $27.0 million
2010/11 $27.5 million
Soft payroll ceiling (escalating):
2005/06 $34.0 million
2006/07 $34.5 million
2007/08 $35.0 million
2008/09 $35.5 million
2009/10 $36.0 million
2010/11 $36.5 million
Hard payroll ceiling (escalating):
2005/06 $42.5 million
2006/07 $43.0 million
2007/08 $43.5 million
2008/09 $44.0 million
2009/10 $44.5 million
2010/11 $45.0 million
Significant fines if payroll exceeds hard payroll ceiling or falls below payroll floor (fines to be negotiated, redistributed via luxury pool).
2) LUXURY TAX
Taxes assessed for each dollar over soft payroll ceiling, as per:
50% of amount over soft payroll ceiling
Teams less than soft payroll ceiling receive pro-rata share of taxes/fines.
(total shared depends on # of teams below soft salary ceiling - see example below)
3) REVENUE SHARING
Bring revenues of bottom 15 team within 33% of top 15 teams.
Highest 10 teams contribute pro-rata share (55 total shares, #1 = gives 10 shares, #10 = gives 1 share).
Lowest 10 teams receive pro-rata share (55 total shares, #30 = receives 10 shares... #21 = receives 1 share).
4) SALARY ROLLBACK
24% across-the-board immediate rollback on all current salaries.
(this would also apply to qualifying offers for current free agents)
5) ENTRY-LEVEL
a) Cap base salary at $850k.
b) Cap signing bonus at 25% of base salary.
c) Performance bonuses at per league-wide schedule (see #8 below)
6) QUALIFYING OFFERS
Minimum qualifying offer to retain rights must be:
< $850,000: 100% of previous salary
$850k-$1.6m: 98% of previous salary
$1.6m-$3.2m: 96% of previous salary
$3.2m-$4.8m: 94% of previous salary
$4.8m-$6m: 92% of previous salary
>$6m: 90% of previous salary
7) FREE AGENCY
Unrestricted free agency at 30 yrs or after 600 games (min age = 28 yrs).
8) BONUSES
All contract bonuses to follow league-wide uniform negotiated schedule.
a) 'A' bonuses for individual team achievements (to be negotiated)
b) 'B' bonuses for major awards and top 10 league achievements (to be negotiated)
c) 'C' bonuses for education, travel, accommodation (to be negotiated)
9) MINIMUM SALARY
Raise to $300k.
10) ARBITRATION
Two-way arbitration. Players must elect by July 1. If no agreement is reached, teams can elect by Aug 1.
Cases to be heard during August. High/low system – arbitrator elects one or the other.
Cut-off date for contracts = first day of regular season.
11) ADVISORY COUNCIL
Players, managers, former players & managers, officials, etc. to advise on revisions to game, marketing, etc.
****************************************************************************************************
SIMULATION
SUMMARY
Total league payrolls = $952m
Total league revenues = $1961m
Hockey-related revenues (90% of revenues) = $1765m (down 13.1%)
% of hockey-related revenues to players = 53.9%
Total profit (all teams combined) = 148 million
If is safe to assume revenues will be down as a result of the lockout.
Let's assume league revenues will be down +/- 15% overall.
It is reasonable to assume that non-traditional markets will be hit the hardest.
REVENUES
Revenues are estimated based on anticipated loss of revenue in five categories of cities:
Category 1 - hockey towns or large market; minimal impact on revenues (-5%)
Category 2 - strong market or strong hockey market; below average impact (-10%)
Category 3 - average hockey market; average impact (-15%)
Category 4 - weak market or weak hockey market; significant impact (-20%)
Category 5 - non-traditional markets; large impact (-25%)
Estimated Post-lockout revenues:
1 NYR 118 - 5% = 112.1 million
2 TOR 117 - 5% = 111.2 million
3 PHL 106 - 5% = 100.7 million
4 COL 99 - 5% = 94.1 million
5 DAL 103 - 10% = 92.7 million
6 DET 97 - 5% = 92.2 million
7 BOS 95 - 10% = 85.5 million
8 MTL 90 - 5% = 85.5 million
9 TB 88 - 10% = 79.2 million
10 VAN 74 - 5% = 70.3 million
11 LA 80 - 15% = 68.0 million
12 MIN 71 - 5% = 67.4 million
13 OTT 70 - 10% = 63.0 million
14 CAL 70 - 10% = 63.0 million
15 SJ 74 - 15% = 62.9 million
16 CHI 71 - 15% = 60.4 million
17 STL 66 - 10% = 59.4 million
18 CBJ 66 - 15% = 56.1 million
19 NJD 61 - 15% = 51.9 million
20 NYI 64 - 20% = 51.2 million
21 EDM 55 - 10% = 49.5 million
22 ATL 59 - 20% = 47.2 million
23 WSH 61 - 25% = 45.8 million
24 FLA 60 - 25% = 45.0 million
25 BUF 51 - 15% = 43.4 million
26 PHX 57 - 25% = 42.8 million
27 NSH 57 - 25% = 42.8 million
28 PIT 52 - 20% = 41.6 million
29 ANA 54 - 25% = 40.5 million
30 CAR 52 - 25% = 39.0 million
Top 15 revenues: $1247.8 million (avg = $83.2 million)
Bottom 15 revenues: $713.7 million (avg = $47.6 million)
Thus, to bring the bottom half within 33% of the top half will require a revenue pool of about $69 million.
(i.e. avg top 15 = 78.6, avg bottom 15 = 52.2, thus transfer 4.6 x 15 = 69 million)
Thus 55 shares, $69 million, so 1 share = approx. $1.25 million
Therefore:
#1 revenue team (NYR) would contribute 10 x $1.25m = $12.5 million (11.2% of their revenue)
#2 revenue team (TOR) would contribute 9 x $1.25m = $11.25 million (10.1%)
#3 revenue team (PHL) would contribute 8 x $1.25m = $10.0 million (9.9%)
#4 revenue team (COL) would contribute 7 x $1.25m = $8.75 million (9.3%)
#5 revenue team (DAL) would contribute 6 x $1.25m = $7.5 million (8.1%)
#6 revenue team (DET) would contribute 5 x $1.25m = $6.25 million (6.8%)
#7 revenue team (BOS) would contribute 4 x $1.25m = $5.0 million (5.8%)
#8 revenue team (MTL) would contribute 3 x $1.25m = $3.75 million (4.4%)
#9 revenue team (TB) would contribute 2 x $1.25m = $2.5 million (3.3%)
#10 revenue team (VAN) would contribute 1 x $1.25m = $1.25 million (1.8%)
...
#30 revenue team (CAR) would receive 10 x $1.25m = $12.5 million (32.1% increase)
#29 revenue team (ANA) would receive 9 x $1.25m = $11.25 million (27.8%)
#28 revenue team (PIT) would receive 8 x $1.25m = $10.0 million (24.0%)
#27 revenue team (NSH) would receive 7 x $1.25m = $8.75 million (20.4%)
#26 revenue team (PHX) would receive 6 x $1.25m = $7.5 million (17.5%)
#25 revenue team (BUF) would receive 5 x $1.25m = $6.25 million (14.4%)
#24 revenue team (FLA) would receive 4 x $1.25m = $5.0 million (11.1%)
#23 revenue team (WSH) would receive 3 x $1.25m = $3.75 million (8.2%)
#22 revenue team (ATL) would receive 2 x $1.25m = $2.5 million (5.3%)
#21 revenue team (EDM) would receive 1 x $1.25m = $1.25 million (2.5%)
(actual payments to be adjusted to ensure order of revenue ranking maintained)
PAYROLL ESTIMATES
1) Toronto $42.5 million (tax = $4.25 million)
2) Dallas $42.5m (tax = $4.25 million)
3) Colorado $42.5m (tax = $4.25 million)
4) NY Rangers $42.5 million (tax = $4.25 million)
5) Philadelphia $42.5 million (tax = $4.25 million)
6) Detroit $42.5m (tax = $4.25 million)
7) Vancouver $36.0 million (tax = $1.0 million)
8) Tampa Bay $36.0 million (tax = $1.0 million) -------> total taxes = $27.5 million
9) Montreal $34.0 million
10) New Jersey $34.0 million
11) Ottawa $33.8 million
12) Boston $33.6 million
13) St. Louis $33.1 million
14) Anaheim $32.9 million
15) Los Angeles $30.0m
16) Calgary $29.1 million
17) San Jose $27.9 million
18) Minnesota $27.8 million
19) Chicago $27.1 million
20) Edmonton $26.4 million
21) Columbus $26.3 million
22) Buffalo $26.3 million
23) Phoenix $25.8 million
24) NY Islanders $25.8 million
25) Nashville $25.7 million
26) Atlanta $25.0 million
27) Pittsburgh $25.0 million
28) Washington $25.0 million
29) Carolina $25.0 million
30) Florida $25.0 million
So, 22 teams receive portion of tax. 253 total shares (22+21+20+...+2+1)
So, 1 share = $27.5 million / 253 = approx. $108,000 per share
#30 payroll team (FLA) would receive 22 shares = $2.4m
#29 payroll team (CAR) would receive 21 shares = $2.2m
#28 payroll team (WSH) would receive 20 shares = $2.1m
#27 payroll team (PIT) would receive 19 shares = $2.0m
#26 payroll team (ATL) would receive 18 shares = $1.9m
#25 payroll team (NSH) would receive 17 shares = $1.8m
#24 payroll team (NYI) would receive 16 shares = $1.7m
#23 payroll team (PHX) would receive 15 shares = $1.6m
#22 payroll team (BUF) would receive 14 shares = $1.5m
#21 payroll team (CBJ) would receive 13 shares = $1.4m
#20 payroll team (EDM) would receive 12 shares = $1.3m
#19 payroll team (CHI) would receive 11 shares = $1.2m
#18 payroll team (MIN) would receive 10 shares = $1.1m
#17 payroll team (SJ) would receive 9 shares = $1.0m
#16 payroll team (CAL) would receive 8 shares = $0.9m
#15 payroll team (LA) would receive 7 shares = $0.7m
#14 payroll team (ANA) would receive 6 shares = $0.6m
#13 payroll team (STL) would receive 5 shares = $0.5m
#12 payroll team (BOS) would receive 4 shares = $0.4m
#11 payroll team (OTT) would receive 3 shares = $0.3m
#10 payroll team (NJ) would receive 2 shares = $0.2m
#9 payroll team (MTL) would receive 1 shares = $0.1m
--- teams beyond this point are > soft cap.
Note for the following balances sheets:
- This model assumes “other costs†to be the same as 2003/04.
- However, if revenues drop (as expected), it is likely that teams will attempt to reduce those “other costs†to the extent possible.
- So, this is a conservative model.
BALANCE SHEETS
1) ANAHEIM MIGHTY DUCKS
Own Revenues = $40.5m (25% decrease)
Shared Revenue = +$11.25m
Tax/Fine Revenue = +$0.6m
TOTAL REVENUES = $52.4 million
--
Player costs = $32.9m (estimated)
Current contracts (with rollback) = $30.4m for 18 players
Remaining contracts = +$2.5m for +5 players
Other costs = $18.4m (based on 2003/04)
TOTAL COSTS = $51.3 million
--
OPERATING INCOME = +$1.1 million
(2003/04 = -$22.4 million)
2) ATLANTA THRASHERS
Own Revenues = $47.2m (20% decrease)
Shared Revenue = +$2.5m
Tax/Fine Revenue = +$1.9m
TOTAL REVENUES = $51.6 million
--
Player costs = $25.0m (estimated)
Current contracts (with rollback) = $18.5m for 21 players
Remaining contracts = +$6.5m for +2 players
Other costs = $25.1m (based on 2003/04)
TOTAL COSTS = $50.1 million
--
OPERATING INCOME = +$1.5 million
(2003/04 = +$0.9 million)
3) BOSTON BRUINS
Own Revenues = $85.5m (10% decrease)
Shared Revenue = -$5.0m
Tax/Fine Revenue = +$0.4m
TOTAL REVENUES = $80.9 million
--
Player costs = $33.6m (estimated)
Current contracts (with rollback) = $21.6m for 11 players
Remaining contracts = +$12.0m for +12 players
Other costs = $39.7m (based on 2003/04)
TOTAL COSTS = $73.3 million
--
OPERATING INCOME = +$7.6 million
(2003/04 = +$2.3 million)
4) BUFFALO SABRES
Own Revenues = $43.4m (15% decrease)
Shared Revenue = +$6.25m
Tax/Fine Revenue = +$1.5m
TOTAL REVENUES = $51.4 million
--
Player costs = $26.3m (estimated)
Current contracts (with rollback) = $28.1m for 25 players
Remaining contracts = Send Jillson ($798k) to minors, trade Connelly ($1.0m)
Other costs = $23.5m (based on 2003/04)
TOTAL COSTS = $49.8 million
--
OPERATING INCOME = +$1.4 million
(2003/04 = -$10.5 million)
5) CALGARY FLAMES
Own Revenues = $63.0m (10% decrease)
Shared Revenue = 0
Tax/Fine Revenue = +$0.9m
TOTAL REVENUES = $63.9 million
--
Player costs = $29.1m (estimated)
Current contracts (with rollback) = $23.1m for 22 players
Remaining contracts = +$6.0m for +1 players (Iginla)
Other costs = $24.7m (based on 2003/04)
TOTAL COSTS = $53.8 million
--
OPERATING INCOME = +$10.1 million
(2003/04 = +$2.3 million)
6) CAROLINA HURRICANES
Own Revenues = $39.0m (25% decrease)
Shared Revenue = +12.5m
Tax/Fine Revenue = +$2.2m
TOTAL REVENUES = $53.7 million
--
Player costs = $25.0m (estimated)
Current contracts (with rollback) = $21.3m for 18 players
Remaining contracts = +$3.7m for +5 players
Other costs = $29.2m (based on 2003/04)
TOTAL COSTS = $54.2 million
--
OPERATING INCOME = -$0.5 million
(2003/04 = -$18.2 million)
7) CHICAGO BLACKHAWKS
Own Revenues = $60.4m (15% decrease)
Shared Revenue = 0
Tax/Fine Revenue = +$1.2m
TOTAL REVENUES = $61.8 million
--
Player costs = $27.1m (estimated)
Current contracts (with rollback) = $19.1m for 18 players
Remaining contracts = +$8.0m for +5 players
Other costs = $27.6m (based on 2003/04)
TOTAL COSTS = $54.7 million
--
OPERATING INCOME = +$6.9 million
(2003/04 = +$9.4 million)
8) COLORADO AVALANCHE
Own Revenues = $94.1m (5% decrease)
Shared Revenue = -$8.75m
Tax/Fine Revenue = -$4.25m
TOTAL REVENUES = $81.1 million
--
Player costs = $42.5m (estimated)
Current contracts (with rollback) = $40.3m for 25 players
Remaining contracts = +$2.2m for +2 players
Other costs = $30.1m (based on 2003/04)
TOTAL COSTS = $72.6 million
--
OPERATING INCOME = +$8.5 million
(2003/04 = -$1.1 million)
9) COLUMBUS BLUE JACKETS
Own Revenues = $56.1m (15% decrease)
Shared Revenue = 0
Tax/Fine Revenue = +$1.4m
TOTAL REVENUES = $57.5 million
--
Player costs = $26.3m (estimated)
Current contracts (with rollback) = $20.9m for 18 players
Remaining contracts = +$5.4m for +5 players
Other costs = $29.1m (based on 2003/04)
TOTAL COSTS = $55.4 million
--
OPERATING INCOME = +$2.1 million
(2003/04 = +$0.9 million)
10) DALLAS STARS
Own Revenues = $92.7m (10% decrease)
Shared Revenue = -$7.5m
Tax/Fine Revenue = -$4.25m
TOTAL REVENUES = $81.0 million
--
Player costs = $42.5m (estimated)
Current contracts (with rollback) = $40.8m for 18 players
Remaining contracts = Buy out Turgeon (-$5.3m), add 6 players (avg $1.15m)
Other costs = $29.3m (based on 2003/04)
TOTAL COSTS = $71.8 million
--
OPERATING INCOME = +$9.2 million
(2003/04 = -$0.3 million)
11) DETROIT RED WINGS
Own Revenues = $92.2m (5% decrease)
Shared Revenue = -$6.25m
Tax/Fine Revenue = -$4.25m
TOTAL REVENUES = $81.7 million
--
Player costs = $42.5m (estimated)
Current contracts (with rollback) = $43.4m for 21 players
Remaining contracts = trade Whitney (-$2.5m), add 3 players (avg $500k)
Other costs = $33.4m (based on 2003/04)
TOTAL COSTS = $75.9 million
--
OPERATING INCOME = +$5.8 million
(2003/04 = -$16.4 million)
12) EDMONTON OILERS
Own Revenues = $49.5m (10% decrease)
Shared Revenue = +$1.25m
Tax/Fine Revenue = +$1.3m
TOTAL REVENUES = $52.1 million
--
Player costs = $26.4m (estimated)
Current contracts (with rollback) = $23.4m for 22 players
Remaining contracts = +$3.0m for +1 players
Other costs = $14.7m (based on 2003/04)
TOTAL COSTS = $41.1 million
--
OPERATING INCOME = +$11.0 million
(2003/04 = +$3.3 million)
13) FLORIDA PANTHERS
Own Revenues = $45.0m (25% decrease)
Shared Revenue = +$5.3m
Tax/Fine Revenue = +$2.4m
TOTAL REVENUES = $52.7 million
--
Player costs = $25.0m (estimated)
Current contracts (with rollback) = $14.3m for 18 players
Remaining contracts = +$10.7m for +5 players
Other costs = $31.7m (based on 2003/04)
TOTAL COSTS = $56.7 million
--
OPERATING INCOME = -$4.0 million
(2003/04 = -$3.7 million)
14) LOS ANGELES KINGS
Own Revenues = $68.0m (15% decrease)
Shared Revenue = 0
Tax/Fine Revenue = +$0.7m
TOTAL REVENUES = $68.7 million
--
Player costs = $30.0m (estimated)
Current contracts (with rollback) = $26.5m for 22 players
Remaining contracts = +$3.5m for +1 players
Other costs = $29.3m (based on 2003/04)
TOTAL COSTS = $59.3 million
--
OPERATING INCOME = +$9.4 million
(2003/04 = -$5.3 million)
15) MINNESOTA WILD
Own Revenues = $67.4m (5% decrease)
Shared Revenue = 0
Tax/Fine Revenue = +$1.1m
TOTAL REVENUES = $68.5 million
--
Player costs = $27.8m (estimated)
Current contracts (with rollback) = $21.8m for 20 players
Remaining contracts = +$6.0m for +3 players
Other costs = $29.3m (based on 2003/04)
TOTAL COSTS = $57.1 million
--
OPERATING INCOME = +$11.4 million
(2003/04 = +$11.5 million)
16) MONTREAL CANADIENS
Own Revenues = $85.5m (5% decrease)
Shared Revenue = -$3.75m
Tax/Fine Revenue = +$0.1m
TOTAL REVENUES = $81.9 million
--
Player costs = $34.0m (estimated)
Current contracts (with rollback) = $26.9m for 18 players
Remaining contracts = +$7.1m for +5 players
Other costs = $31.5m (based on 2003/04)
TOTAL COSTS = $65.5 million
--
OPERATING INCOME = +$16.4 million
(2003/04 = +$7.5 million)
17) NASHVILLE PREDATORS
Own Revenues = $42.8m (25% decrease)
Shared Revenue = +$8.75m
Tax/Fine Revenue = +$1.8m
TOTAL REVENUES = $53.4 million
--
Player costs = $25.7m (estimated)
Current contracts (with rollback) = $19.7m for 19 players
Remaining contracts = +$6.0m for +4 players
Other costs = $21.8m (based on 2003/04)
TOTAL COSTS = $47.5 million
--
OPERATING INCOME = +$5.9 million
(2003/04 = +$6.2 million)
18) NEW JERSEY DEVILS
Own Revenues = $51.9m (15% decrease)
Shared Revenue = 0
Tax/Fine Revenue = $0.2m
TOTAL REVENUES = $52.1 million
--
Player costs = $34.0m (estimated)
Current contracts (with rollback) = $46.3m for 24 players
Remaining contracts = Stevens retires (-$5.2m), trade Madden (-$3.5m),
Friesen (-$2.3m), Gomez (-$2.2m) add 3 players (avg $350k)
Other costs = $20.9m (based on 2003/04)
TOTAL COSTS = $54.9 million
--
OPERATING INCOME = -$2.8 million
(2003/04 = -$13.9 million)
19) NEW YORK ISLANDERS
Own Revenues = $51.2m (20% decrease)
Shared Revenue = 0
Tax/Fine Revenue = +$1.7m
TOTAL REVENUES = $52.9 million
--
Player costs = $25.8m (estimated)
Current contracts (with rollback) = $28.6m for 17 players
Remaining contracts = trade Peca (-$3.2m), Niinimaa (-$2.3m),
Parrish (-$1.8m) add 9 players (avg = $500k)
Other costs = $26.5m (based on 2003/04)
TOTAL COSTS = $52.3 million
--
OPERATING INCOME = +$0.6 million
(2003/04 = -$9.5 million)
20) NEW YORK RANGERS
Own Revenues = $112.1m (5% decrease)
Shared Revenue = -$12.5m
Tax/Fine Revenue = -$4.25m
TOTAL REVENUES = $95.4 million
--
Player costs = $42.5m (estimated)
Current contracts (with rollback) = $31.8m for 15 players
Remaining contracts = +$10.7m for +8 players
Other costs = $43.4m (based on 2003/04)
TOTAL COSTS = $85.9 million
--
OPERATING INCOME = +$9.5 million
(2003/04 = -$3.3 million)
21) OTTAWA SENATORS
Own Revenues = $63.0m (10% decrease)
Shared Revenue = 0
Tax/Fine Revenue = +$0.3m
TOTAL REVENUES = $63.3 million
--
Player costs = $33.8m (estimated)
Current contracts (with rollback) = $31.8m for 20 players
Remaining contracts = +$2.0m for +3 players
Other costs = $27.0m (based on 2003/04)
TOTAL COSTS = $60.8 million
--
OPERATING INCOME = +$2.5 million
(2003/04 = -$5.0 million)
22) PHILADELPHIA FLYERS
Own Revenues = $100.7m (5% decrease)
Shared Revenue = -$10.0m
Tax/Fine Revenue = -$4.25m
TOTAL REVENUES = $86.4 million
--
Player costs = $42.5m (estimated)
Current contracts (with rollback) = $50.0m for 24 players
Remaining contracts = Buy out LeClair (-$6.8m) and Hackett ($-2.3m), add 1 player (+$1.6m)
Other costs = $37.1m (based on 2003/04)
TOTAL COSTS = $79.1 million
--
OPERATING INCOME = +6.8 million
(2003/04 = -$4.1 million)
23) PHOENIX COYOTES
Own Revenues = $42.8m (25% decrease)
Shared Revenue = +$7.5m
Tax/Fine Revenue = +$1.6m
TOTAL REVENUES = $51.9 million
--
Player costs = $25.8m (estimated)
Current contracts (with rollback) = $31.9m for 26 players
Remaining contracts = Buy out Savage (-$2.9m), trade Johnson (-$1.4m),
O'Donnell (-$1.3m), Ference (-$1.0m), add 1 player ($500k)
Other costs = $25.8m (based on 2003/04)
TOTAL COSTS = $51.6 million
--
OPERATING INCOME = +$0.3 million
(2003/04 = -$7.8 million)
24) PITTSBURGH PENGUINS
Own Revenues = $41.6m (20% decrease)
Shared Revenue = +$10.0m
Tax/Fine Revenue = +$2.0m
TOTAL REVENUES = $53.6 million
--
Player costs = $25.0m (estimated)
Current contracts (with rollback) = $11.1m for 16 players
Remaining contracts = +$21.3m for +7 players
Other costs = $20.6m (based on 2003/04)
TOTAL COSTS = $45.6 million
--
OPERATING INCOME = +$8.0 million
(2003/04 = -$0.6 million)
25) ST.LOUIS BLUES
Own Revenues = $59.4m (10% decrease)
Shared Revenue = 0
Tax/Fine Revenue = +$0.5m
TOTAL REVENUES = $59.9 million
--
Player costs = $33.1m (estimated)
Current contracts (with rollback) = $33.4m for 19 players
Remaining contracts = Buy out Khavanov (-$1.3m), Drake (-$1.1m), add 6 players (avg $350k)
Other costs = $26.8m (based on 2003/04)
TOTAL COSTS = $59.9 million
--
OPERATING INCOME = 0
(2003/04 = -$28.8 million)
26) SAN JOSE SHARKS
Own Revenues = $62.9m (15% decrease)
Shared Revenue = 0
Tax/Fine Revenue = +$1.0m
TOTAL REVENUES = $63.9 million
--
Player costs = $27.9m (estimated)
Current contracts (with rollback) = $24.6m for 22 players
Remaining contracts = +$3.3m for +1 player
Other costs = $33.7m (based on 2003/04)
TOTAL COSTS = $61.6 million
--
OPERATING INCOME = +$2.3 million
(2003/04 = +$1.3 million)
27) TAMPA BAY LIGHTNING
Own Revenues = $79.2m (10% decrease)
Shared Revenue = -$2.5m
Tax/Fine Revenue = -$0.5m
TOTAL REVENUES = $76.2 million
--
Player costs = $36.0m (estimated)
Current contracts (with rollback) = $30.8m for 20 players
Remaining contracts = +$5.2m for +3 players
Other costs = $38.4m (based on 2003/04)
TOTAL COSTS = $74.4 million
--
OPERATING INCOME = +$1.8 million
(2003/04 = +$8.6 million)
28) TORONTO MAPLE LEAFS
Own Revenues = $111.2m (5% decrease)
Shared Revenue = -$11.25m
Tax/Fine Revenue = -$4.25m
TOTAL REVENUES = $95.7 million
--
Player costs = $42.5m (estimated)
Current contracts (with rollback) = $46.6m for 19 players
Remaining contracts = Trade Roberts (-$2.9m), Tucker (-$1.6m) & Kaberle (-$2.2m), add 7 players (avg $375k)
Other costs = $33.9m (based on 2003/04)
TOTAL COSTS = $76.4 million
--
OPERATING INCOME = +$19.3 million
(2003/04 = +$14.1 million)
29) VANCOUVER CANUCKS
Own Revenues = $70.3m (5% decrease)
Shared Revenue = -$1.25m
Tax/Fine Revenue = -$1.0m
TOTAL REVENUES = $68.1 million
--
Player costs = $36.0m (estimated)
Current contracts (with rollback) = $32.9m for 21 players
Remaining contracts = +$3.1m for +2 players
Other costs = $27.7m (based on 2003/04)
TOTAL COSTS = $63.7 million
--
OPERATING INCOME = +$4.4 million
(2003/04 = +$1.3 million)
30) WASHINGTON CAPITALS
Own Revenues = $45.8m (25% decrease)
Shared Revenue = +$3.75m
Tax/Fine Revenue = +$2.1m
TOTAL REVENUES = $51.7 million
--
Player costs = $25.0m (estimated)
Current contracts (with rollback) = $13.9m for 14 players
Remaining contracts = +$11.1m for +9 players
Other costs = $26.7m (based on 2003/04)
TOTAL COSTS = $51.7 million
--
OPERATING INCOME = 0
(2003/04 = -$14.7 million)
