OthmarAmmann
Omnishambles
One of today's Editor's Picks in the Wall Street Journal
http://online.wsj.com/article/SB100...4700332602230.html?mod=WSJ_hps_editorsPicks_3
Last spring, goaltender Michael Leighton led the Philadelphia Flyers to the Stanley Cup Finals. One month later, he cashed in with a two-year, $3.1 million contract.
On a recent night in January, however, Leighton was minding the net for the Adirondack Phantoms of the American Hockey League at the Glens Falls Civic Center in upstate New York. The crowd of 3,889 was a little bigger than normal, but not on his account. It was Girl Scout night. "It's tough just to think about it," Leighton says.
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Former New York Rangers defenseman Wade Redden, a two-time All-Star, is taking eight hour bus rides as a member of the Connecticut Whale. At a salary of $6.5 million, he earns the AHL's minimum salary of $37,500 in just over one period of play.
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As you might expect, the disparities in income on these teams now creates some unusual situations. In minor league hockey, there's a tradition known as "The Board," where players place small sums of money for the scorer of the game's game-winning goal to collect. Most nights, the board can be $100 or so. No longer. Redden has placed iPads on the board and Commodore has put up as much as $1,000.
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The NHL's waiver system makes it unlikely any of these players will be back in the big league anytime soon. If a player is picked up on waivers, both his new team and his old team must add half the player's salary to their salary cap total. For players like Redden, who signed a six-year guaranteed contract in 2008, that's a huge disincentive that has turned the AHL into hockey's version of a white-collar prison.
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NHL Deputy Commissioner Bill Daly said the move isn't common enough to be a problem yet, but that the number of "high-profile players" with big contracts who've been sent down for cap management is a situation that "bears watching."
http://online.wsj.com/article/SB100...4700332602230.html?mod=WSJ_hps_editorsPicks_3