Hurricanes officials have said the team will lose $7.5 million if the lockout lasts all season, compared with $22 million lost last year.
In Karmanos' most recent public comments, at a junior-hockey event in Detroit last month, he said the possibility of losing the entire season wasn't a concern to him.
"I don't particularly care," Karmanos said. "The losses are going to stop. We're going to tie players' salaries to the revenues of the league, and they can sit and be petulant and pout about it all they want."
JWI19 said:That with a payroll of only 37.8 million dollars.
Which is 31 million dollars or 55% of the revenues.
Sorry his number just dont make sense.
no kidding - they should be negotiating a freaking deal ! -hockeytown9321 said:Man, I would love to ask Karmanos some questions. What a hypocrite.
Go Flames Go said:Its a good number.
Hurricanes officials have said the team will lose $7.5 million if the lockout lasts all season, compared with $22 million lost last year
JWI19 said:I dont think you get it. He is fulling supporting the 31 million dollar cap and i quote, "will stop the losses". Yet he claims he lost 22 million dollars with a payroll under 38 million. Thats why his numbers dont make sense.
JWI19 said:I dont think you get it. He is fulling supporting the 31 million dollar cap and i quote, "will stop the losses". Yet he claims he lost 22 million dollars with a payroll under 38 million. Thats why his numbers dont make sense.
Smail said:Not sure, but maybe they had differed payments to make, insurance costs on top of the salary, the fact that with a cap of 31 million he could have a salary mass of 20 million and be competitive, thinking that he would have a better team with a lower cap since he could sign markee players who would bring more people to the arena, etc. There are tons of reasons why a 31 million cap could help the Hurricanes stop the losses.
JWI19 said:Sorry i didn't think he needed a salary cap to do that. The problem isn't the Canes payroll the problem is in management.
Smail said:I said maybe he is thinking that he can put a better product on the ice if there's an NHL salary cap (maybe attract a star player... I dunno...)
Smail said:I said maybe he is thinking that he can put a better product on the ice if there's an NHL salary cap (maybe attract a star player... I dunno...). That's something that can't really be disputed since everyone has their own theory about what would happen after a cap. I think Karmanos is free to have his own.
Tom_Benjamin said:Who loses the star player? I thought the point was to make sure everybody kept their star players.
Everybody can't put a better product on the ice. Somebody has to lose. You can have a hard salary cap at any level, and several teams will still lose and several teams will still have problems selling expensive tickets to watch a loser.
The owners want a system where all the teams make money, even the ones who can't sell tickets. This can be done as long as you set the cap at a level the bottom feeders can afford. Of course, the teams who can sell tickets and do put a good product on the ice will make a bundle. Peg everyone to the Carolina or Florida or Anaheim revenues and how much money will the Leafs and Rangers and Flyers make?
Tom
JWI19 said:I get it now, Since his GM cant put together a good team, he wants to be able to steal from teams who draft smart, make smart trades, and develop talent. Yeah thats fair.
Smail said:Maybe he thinks that the reason his GM can't put together a good team is that they can't compete with the higher budget teams. The point being that maybe they won't be able to sign O'Neill, just for money reasons, and that will surely cost them a few fans. As well, they can't afford to sign any UFA unless Karmanos takes money right out of his pocket.
Who knows really how well the Canes GM could do with a hefty budget?
JWI19 said:Then maybe he needs to find a new GM then. After all Karmanous did say he has lost on average between 12-16 million dollars a year for the last 10 years. How long has Rutherford been his GM??
JWI19 said:I dont think you get it. He is fulling supporting the 31 million dollar cap and i quote, "will stop the losses". Yet he claims he lost 22 million dollars with a payroll under 38 million. Thats why his numbers dont make sense.
Smail said:I'm not Karmanos so I can't tell you what he really thinks or what he has in mind. My initial answer was to point out that there are a multiple ways why Karmanos would think the losses would stop with a cap at $31M. The rest is myself just giving answers about what Karmanos might think will let the team stop bleeding red. I'm not judging on whether it's achievable or not, since that's highly speculative.
However, a league with a cap of $31M would surely make UFA's more accessible to Carolina than the current setup.
Smail said:Maybe he thinks that the reason his GM can't put together a good team is that they can't compete with the higher budget teams. The point being that maybe they won't be able to sign O'Neill, just for money reasons, and that will surely cost them a few fans. As well, they can't afford to sign any UFA unless Karmanos takes money right out of his pocket.
Who knows really how well the Canes GM could do with a hefty budget?