A Pointed Stick
No Idea About The Future
- Dec 23, 2010
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If anyone knows how much each team finally received for last season, or where I can obtain that information, please let me know. Thanks.
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.
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 Wang.
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.
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.
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 revenue transfer money.
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?
Sacramento Bee (not a widely cited source here, but legitimate nonetheless) AP story provides some more details on revenue sharing:
- Revenue sharing will increase to $200 million annually and rise with revenue
- An industry growth fund of $60 million will be funded by the sides over three years and replenished as needed
http://www.sacbee.com/2013/01/06/5095071/key-details-in-tentative-nhl-labor.html
Revenue Sharing Oversight Committee:
- New committee created "The RSOC will consist of three (3) members chosen by the NHLPA (including at least 1 Player) and four (4) members chosen by the Commissioner, including a Chairman (and also including at least 1 Owner). The Commissioner of the NHL and the Executive Director of the NHLPA shall serve as ex-officio members of the RSOC with all rights and privileges of a RSOC member, except voting rights."
- Committee has authority to review various club financial reporting, but not 100% guaranteed access to all business related books.
- Committee can vote to increase or decrease a particular team's revenue sharing distribution by up to 15%.