Question concerning Canadien franchises...

Discussion in 'Fugu's Business of Hockey Forum' started by CaptainShark, Feb 22, 2005.

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  1. CaptainShark

    CaptainShark Registered User

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    Are these franchises paying their players in US$ or in Canadien $?
     
  2. Jazz

    Jazz Registered User

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    Americen $, ;)

    Seriously - The Canadian teams take most of their revenue (from the gate) in Canadian $, but all player contracts are paid in American $ - not so bad now that the exchange rate is about 1.25:1, but about 3 years ago it was 1.55:1
     
  3. That was another thing seriously hurting the Canadian Franchises.
     
  4. Wetcoaster

    Wetcoaster Guest

    The Canadian teams now pay their players in US dollars.

    The NHL operates a currency equalization plan to assist the Canadian franchises.
     
  5. Jazz

    Jazz Registered User

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    This equalization plan by the way has been contested by the NHLPA in the past - can't remember the exact reason, but I remember shaking my head when I read a couple of years ago....
     
  6. CaptainShark

    CaptainShark Registered User

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    Thanx guys... i was having a nice discussion with another fellow at a German-Hockey-Board and she told me that she read in the hockey-news that Canadien Teams were paying there players in Canadien-Dollars. I was pretty sure it wasn´t that way and thanx to you, I now have sort of proof for that :)
     
  7. Brindfan

    Brindfan Registered User

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    When they ever decide to play again. European players will probably demand to be paid in Euro$
     
  8. Fredrik

    Fredrik Registered User

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    Why is it that Canadian franchises are thought to be suffering because the exchange rate isn't 1:1?

    I'm just an accountant so I don't understand these things. Please explain.
     
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