Sens Coach pandemic salary reductions resolved

[LadyStanley]

Hmmm. Melnyk trying to cut corners?

Click to read more...

 

[Mightygoose]

Melnyk actually paid 50% in the first place?

Seriously, this organization just can't stay out of the news for the wrong reasons.

Curious on the terms of the NHL's involvement.

 

[LeHab]

Melnyk actually paid 50% in the first place?

Seriously, this organization just can't stay out of the news for the wrong reasons.

Curious on the terms of the NHL's involvement.

Habs GM, Coache and other senior ranks took a 20% paycut: Montreal Canadiens: Marc Bergevin, Claude Julien Take Pay Cut

50% sounds steep especially if it was not done willingly.

 

[tarheelhockey]

Seems like there's a thread every week about COVID-related layoffs and paycuts, and every single one of them has responses like "wow can't believe they would do this".

Guess what, every single organization is on the verge of cutting half their staff right now. They are staring down the barrel of losing tens of millions of dollars next season.

 

[StreetHawk]

Seems like there's a thread every week about COVID-related layoffs and paycuts, and every single one of them has responses like "wow can't believe they would do this".

Guess what, every single organization is on the verge of cutting half their staff right now. They are staring down the barrel of losing tens of millions of dollars next season.

We are talking about businesses that rely on people actually being at an event.
From hotels, dine in restaurants, aquariums, museums, movie theatres, etc.

should not be a surprise that there are either layoffs or salary reductions.

 

[Spartachat]

Relax people. Since the Sens coach's salary was cut 50% he passed the threshold to go on CERB. He is probably making more money than he did before.

 

[violaswallet]

Seravalli: At least 17 NHL teams have reduced pay amid COVID-19 crunch - TSN.ca

You know, neither Florida team are reported to cut pay

 

[Stumbledore]

Seravalli: At least 17 NHL teams have reduced pay amid COVID-19 crunch - TSN.ca

You know, neither Florida team are reported to cut pay

Yet.

 

[Ernie]

Seravalli: At least 17 NHL teams have reduced pay amid COVID-19 crunch - TSN.ca

You know, neither Florida team are reported to cut pay

From the article:

Sources say the Sabres are considering an internal salary cap in the low $70 million range; the Arizona Coyotes, who recently failed to make on-time signing bonus payments to a number of players, may be operating just south of $70 million under their next GM; the Pittsburgh Penguins are reportedly planning to budget in the low-to-mid $70 million range on an $81.5 million limit.

Around the league, from Florida to Vancouver, GMs are in discussion with ownership seeking spending latitude. There will be opportunities to acquire talented players from teams who can no longer afford them – either on an internal budget or with a frozen salary cap.

Gonna be an interesting offseason if most teams stay below the cap.

 

[mouser]

From the article:



Gonna be an interesting offseason if most teams stay below the cap.

Could be good for the players, escrow finally under control.

 

[Ernie]

Could be good for the players, escrow finally under control.

Not good for the players who need new contracts.

Also escrow is capped at 20%, with any amount higher to be paid later, so I don't know that this helps the players so much this year unless they get below that 20% number, which is unlikely.

 

[archangel2]

17 teams have done it and my suggestion is fans should be 100% their team has not done it.

Why should hockey teams be forced to pay several 100k to people to do nothing. This pandemic has f***ed over millions on min wage, but we kick up a fuss over guys on 100k plus because they are expected to live on 50k?

Millions of people in canada and us have been sacked, but it pisses people when people who are pretty much doing nothing right now are asked to take less to do nothing