GabbyDugan
Registered User
- Jun 8, 2004
- 509
- 0
One aspect of this lockout that I've wanted to know a little bit more about is why the Toronto Maple Leafs have "gone along" . I'm an Oiler fan, which naturally usually makes me a bit suspicious of the Maple Leafs anyways. However, even an Oiler fan has to be incredibly naiive to believe a one-size-fits -all lockout solution isn't going to simply reward the "small markets" for being small and punish the big markets for simply being big and rich. There has to be some kind of payoff for the Toronto Maple Leafs to give up $ 50 million in earnings.
After all, they have no hope of keeping all their current players with a salary cap, and they would have to send a couple of the players in the $ 5 million range to teams like the Nashville Predators or Minnesota Wild or some other team that would have to raise their payroll to reach the salary floor. Toronto would have to contribute to any revenue sharing scheme year after year., meaning they would not only have to trade a guy like Mats Sundin (example only) to Nashville, they would still have to pay, indirectly, much of his salary
Toronto would no longer be able to sign any UFA they felt like at any price. The Toronto Maple Leafs would be a generic NHL hockey team - a couple of "stars", a smattering of veteran journeymen, and a handful of eager but raw youngsters.
Michael Grange, a writer with the Toronto Globe and Mail goes a step towards explaining the lockout in terms of "what's in it" for a team like the Toronto Maple Leafs.
http://www.theglobeandmail.com/servlet/story/RTGAM.20041217.wxleafs1217/BNStory/Sports/
"Industry insiders say the venerable franchise stands to forgo $50-million in earnings before interest, taxes, depreciation and amortization (EBITDA) if the National Hockey League lockout wipes out the 2004-05 season.
But those with knowledge of the team and the workings of the MLSE board and Ontario Teachers Pension Plan's Merchant Bank — majority owners of MLSE at 58 per cent — suggest the organization might have another reason to encourage Bettman to stick with his guns than simply being loyal to the cause.
When Teachers led a plan last year to streamline MLSE's ownership structure, one of the motivations was to make it easier for the two long-term institutional investors — the pension fund and TD Capital, which owns a 14-per-cent stake — to sell when the time was right."
After all, they have no hope of keeping all their current players with a salary cap, and they would have to send a couple of the players in the $ 5 million range to teams like the Nashville Predators or Minnesota Wild or some other team that would have to raise their payroll to reach the salary floor. Toronto would have to contribute to any revenue sharing scheme year after year., meaning they would not only have to trade a guy like Mats Sundin (example only) to Nashville, they would still have to pay, indirectly, much of his salary
Toronto would no longer be able to sign any UFA they felt like at any price. The Toronto Maple Leafs would be a generic NHL hockey team - a couple of "stars", a smattering of veteran journeymen, and a handful of eager but raw youngsters.
Michael Grange, a writer with the Toronto Globe and Mail goes a step towards explaining the lockout in terms of "what's in it" for a team like the Toronto Maple Leafs.
http://www.theglobeandmail.com/servlet/story/RTGAM.20041217.wxleafs1217/BNStory/Sports/
"Industry insiders say the venerable franchise stands to forgo $50-million in earnings before interest, taxes, depreciation and amortization (EBITDA) if the National Hockey League lockout wipes out the 2004-05 season.
But those with knowledge of the team and the workings of the MLSE board and Ontario Teachers Pension Plan's Merchant Bank — majority owners of MLSE at 58 per cent — suggest the organization might have another reason to encourage Bettman to stick with his guns than simply being loyal to the cause.
When Teachers led a plan last year to streamline MLSE's ownership structure, one of the motivations was to make it easier for the two long-term institutional investors — the pension fund and TD Capital, which owns a 14-per-cent stake — to sell when the time was right."