$42.5m Escalating To $45m (simulation)

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  1. regehr

    regehr Registered User

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    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)
     
  2. PhillyNucksFan

    PhillyNucksFan Registered User

    Joined:
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    so, its not exactly hardcap ceiling then? just expensive taxes.. ?
     
  3. OilerNut*

    OilerNut* Guest

    I would accept that, but the NHLPA would never accept it.
     
  4. Figaro95*

    Figaro95* Guest

    thats why were just fans
     
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