Time to Implement a Luxury Tax?

[HugginThePost]

I'll assume everyone that is in favor of this is a fan of a team with a bunch of shit contracts holding them back from getting the pieces they need to get over the hump.

The "get out of jail free" card will overcome the piss poor decisions made in the past and allow them a competitive advantage over teams that can't afford to spend like drunken sailors.

You know who you are.........it's cheating, plain and simple.

 

[KevinRedkey]

Not going to happen. The owners hill to die on was the salary cap, and they won that war. Move on.

A single compliance buyout is much more likely, even though it's unlikely.

 

[Mr Positive]

seems a bit crazy to create a whole new mechanism just for the sake of a one year problem.

And the issue would be solved by just freezing the cap where it is for one year.

If they want to be nice they could let teams have a compliance buyout.

 

[Mr Positive]

Not going to happen. The owners hill to die on was the salary cap, and they won that war. Move on.

A single compliance buyout is much more likely, even though it's unlikely.

does a compliance buyout solve the problem for everyone though?

There are teams out there who are tight against the cap but don't have a player they are itching to lose.

There are teams out there who have a bad contract, but perhaps they can't afford to buy them out and continue spending.

 

[BigBadBruins7708]

does a compliance buyout solve the problem for everyone though?

There are teams out there who are tight against the cap but don't have a player they are itching to lose.

There are teams out there who have a bad contract, but perhaps they can't afford to buy them out and continue spending.

then those teams should be more prudent with their cap space and contract offerings. no one forced them to make bad decisions

 

[bleedgreen]

then those teams should be more prudent with their cap space and contract offerings. no one forced them to make bad decisions

If they aren’t over the cap, and they don’t have anyone they want to get rid of how do they go from prime examples of well executed cap life to a team that made bad decisions? Are you supposed to leave yourself a million or five under the cap for those pandemic rainy days?

 

[XX]

If you can't win under a normal cap with all the advantages unlimited resources give you, you don't deserve to be bailed out by a luxury tax.

Parity is more important than having the small market teams serve as organ donors to the wealthy teams.

 

[DistantThunderRep]

A permanent Luxury Tax is dumb, for the better part it has ruined every major league it was implemented in. But that said, for this weird next season coming up, a temporary Luxury Tax for one year should be fine. Have the luxury tax and allow teams to over by the original projection of the next seasons cap.

So for example, if the cap (low end) was supposed to be $84.5M next season, then allow teams to go to $84.5M but pay the luxury tax on the $3M.

 

[Merrrlin]

Small market teams lose less, if at all, due to the cancellation of the season. Some might even save money. No travel, no rent, lay off some staff and of course players are responsible for 50% of the lost revenue.

The amount teams like Canadiens, Leafs and the Rangers will lose is huge.

Those are the teams that keep the league healthy financially. They are the teams we should be planning around.

I kind of like the NBA's system where the longer you are in it, the worse off you are. I don't mind teams going into it for their championship runs. That money ends up getting pumped into the smaller markets.

 

[txpd]

No. Not a chance. Hell no to driving the cost of keeping a good team together.

 

[KevinRedkey]

does a compliance buyout solve the problem for everyone though?

There are teams out there who are tight against the cap but don't have a player they are itching to lose.

There are teams out there who have a bad contract, but perhaps they can't afford to buy them out and continue spending.

That's their problem and they should be ecstatic if they are given a way out. The NHL didn't force anyone to overspend.

 

[ChuckLefley]

What don’t the people who suggest or like an amount teams can spend over the cap understand about the term “hard cap.” If you’re going to allow teams to spend over it, than just raise the cap.

 

[The Grim Reaper]

Leafs panic is real.

 

[Mr Positive]

That's their problem and they should be ecstatic if they are given a way out. The NHL didn't force anyone to overspend.

well yes, of course there will be teams that love a compliance buyout. I'd love one for the Oilers, thank you, and we would benefit after the Flames buyout Lucic as well since we're retaining on that deal.

I was talking about the teams that do not benefit from it, or can't afford it as easily. So it's really not a universal fix for a universal problem

 

[ES]

I always thought you should able to spend up to $10 million over the cap, but you also be taxed at the amount you are over as well. I believe that is fair. Teams that can afford can do it as long they want and it allows teams more flexibility in keeping their cores in tact.

If Leafs were able to spend up 10 million more they would likely pay current team 10 million more and be in the same situation as now.

 

[FerrisRox]

If Leafs were able to spend up 10 million more they would likely pay current team 10 million more and be in the same situation as now.

They would cleverly find a center to give an $11 million contract to.

 

[Finlandia WOAT]

Why would the the Rags (for example) want this? Your purchasing power doesn't increase all that much since you're still bidding with the other 6 stupidly wealthy franchises, but your real costs go up significantly.

 

[Kamiccolo]

Leafs panic is real.

This quote can be from any time in the past 5 years on here lol. Things always work out.

 

[Prairie Habs]

This quote can be from any time in the past 5 years on here lol. Things always work out.

Leafs: 19 points out of 1st and backing in to the playoffs only due to an even worse collapse by the Panthers, destined for a 1st round exit followed by being unable to re-sign their defense due to poor cap management.

Leafs fans:

 

[Devil Dancer]

No, hockey has the best salary system in NA sports, leave it alone.

 

[ItsFineImFine]

A temporary luxury tax would be one of the solutions needed to recoup lost revenue and help the transition back. Only issue is that you would have to work it within the CBA which I don't think is possible and then there's the question of when does the temporary luxury tax end, when does it go back to a hard cap, and how do you transition between the two?

 

[CaptBrannigan]

If Leafs were able to spend up 10 million more they would likely pay current team 10 million more and be in the same situation as now.

I think this is 100% how it would go, pending free agents would re-sign and eat up all of the luxury cap space. It would only serve to widen the gap between the haves and have-nots from a player standpoint.

 

[FerrisRox]

This quote can be from any time in the past 5 years on here lol. Things always work out.

You have a hilarious definition of "working out."

 

[LakeLivin]

No.

 

[BlueBaron]

Great idea. Lets pretend Gary doesn't want parity and all these CBA agreements were a ruse.

Aint going to happened, it's not good for the league, it's only good for big fans market teams.