Revenue Sharing Checks

Discussion in 'Fugu's Business of Hockey Forum' started by A Pointed Stick, Oct 23, 2013.

View Users: View Users
  1. A Pointed Stick

    A Pointed Stick No Idea About The Future

    Joined:
    Dec 23, 2010
    Messages:
    15,935
    Likes Received:
    152
    Trophy Points:
    111
    If anyone knows how much each team finally received for last season, or where I can obtain that information, please let me know. Thanks.
     
  2. Fugu

    Fugu Administrator

    Joined:
    Nov 26, 2004
    Messages:
    36,952
    Likes Received:
    211
    Trophy Points:
    1,000
    Occupation:
    Existence
    Location:
    ϶(°o°)ϵ
    Honestly, this is one of those closely guarded NHL secrets. I don't think they really want the information out there.

    One of the last data points is from the Phoenix bankruptcy trial, and other leaks about recipients. I think we all know who is on the receiving end, but the exact amount isn't publicized. I've seen some of the bigger figures quoted as $10-14 million.
     
  3. A Pointed Stick

    A Pointed Stick No Idea About The Future

    Joined:
    Dec 23, 2010
    Messages:
    15,935
    Likes Received:
    152
    Trophy Points:
    111
    Holy crap. That's not something to sneeze at. I realize it is an estimate, but it needs to come to light. It is in the league's best interests to out any owner that takes the check but still refuses to spend money on the club besides the floor minimum, such as the Isle's owner.
     
  4. danishh

    danishh Registered User

    Joined:
    Dec 9, 2006
    Messages:
    32,990
    Likes Received:
    10
    Trophy Points:
    187
    Location:
    YOW
    thanks the way the revenue-sharing mechanism is set up and the existence of the cap floor, it's impossible for the NHL to have a Marlins-type situation where an owner can cash large revenue-sharing cheques and make money off a barebones team. If you're getting a large revenue-sharing cheque in the NHL, you're losing large amounts of money.
     
  5. Fugu

    Fugu Administrator

    Joined:
    Nov 26, 2004
    Messages:
    36,952
    Likes Received:
    211
    Trophy Points:
    1,000
    Occupation:
    Existence
    Location:
    ϶(°o°)ϵ

    The CBA requires all teams to spend to at least the floor minimum. They cannot really pocket that money because the way it's calculated is based on their spending, and bringing the team up to the floor and cap midpoints.


    Edit: danishh beats me out by seconds!
     
  6. A Pointed Stick

    A Pointed Stick No Idea About The Future

    Joined:
    Dec 23, 2010
    Messages:
    15,935
    Likes Received:
    152
    Trophy Points:
    111
    One of the few articles I had read on the subject (surprisingly few of those that go into any detail) had stated that there was a committee that would oversee the checks, and review how the money was used. It appeared to be strongly recommended that the money go back into the roster, and that any pocketing of the money while leaving the team to whither and die at cba minimum salary level would result in the committee opening the team's books and getting, "involved." I don't know to what extent "involved" meant, but I can't imagine any of the league owners wanting someone looking at their books that closely, or getting involved in operations. There also appeared to be provisions for a team to get more than the formulaic check.

    I would think it would be in the league's best interests for the revenue sharing to be public knowledge. If a team takes the check and wastes the hard earned money of the better off clubs they should get hammered by their fan base, let alone everyone else.
     
  7. Fugu

    Fugu Administrator

    Joined:
    Nov 26, 2004
    Messages:
    36,952
    Likes Received:
    211
    Trophy Points:
    1,000
    Occupation:
    Existence
    Location:
    ϶(°o°)ϵ

    The new CBA added another level of money that can potentially be divvied out. The first portion, a transfer of revenue from big teams to eligible bottom 15 teams (in terms of HRR), is what most people refer to as revenue sharing. This shouldn't be confused with NHL revenue that is divided between all 30 teams potentially.

    The transfer payments are what we were discussing above, and the NHL will redistribute roughly $200 MM.

    There is an Industry Growth fund, to be funded up to $60 MM over the next three years, which will be used at the commissioner's discretion. There is a committee of sorts and process to review the use of this money.
     
  8. Killion

    Killion Registered User

    Joined:
    Feb 19, 2010
    Messages:
    36,504
    Likes Received:
    2,673
    Trophy Points:
    156
    Is it not $80M after Fehr & the PA asked that it be $160M?... and further, what "oversight"? I believe its distributed "at the Commissioners discretion" no?. There were tales of Gary there promising Le Blanc & IceAz of an extra large piece of that pie for sitting down at the table & tucking in yes? And this figure, is it annual or is it $60M/$80M over 3 years and not 12 mnths?
     
  9. Fugu

    Fugu Administrator

    Joined:
    Nov 26, 2004
    Messages:
    36,952
    Likes Received:
    211
    Trophy Points:
    1,000
    Occupation:
    Existence
    Location:
    ϶(°o°)ϵ

    From one of our CBA threads, and yes, the committee is for the revenue transfer, not the fund:





    http://hfboards.mandatory.com/showpost.php?p=66806545&postcount=63


     

Share This Page

monitoring_string = "358c248ada348a047a4b9bb27a146148"