Kukla's Korner Hockey
Next entry: Wings Need To Keep Their Head Down At Wrigley
Previous entry: Holiday Gifts
Financial Woes In The KHL
by Paul on 12/23/08 at 01:24 PM ET
Comments (1)
from Eric Duhatschek of the Globe and Mail,
As with all start-ups, it has not exactly been smooth sailing for the KHL in its inaugural season. On Saturday, the league’s board of directors met to ponder an idea that had been floated the week before – a 30 per-cent across-the-board contract rollback to cut costs for some of the most under-funded franchises.
Amid heavy opposition from the newly formed players’ association (run by Andrei Kovalenko, a former NHL, nicknamed The Tank in his playing days), the proposal was put on the shelf at least for the duration of this season. KHL president Alexander Medvedev decided, according to sources, that trying to force a rollback would cause more headaches than it would solve problems….
The KHL salary cap will almost certainly be reduced next season; and Medvedev – a major emerging force in the hockey world - went to great lengths to warn teams that were in arrears in paying player salaries that those agreements needed to be honored. He went so far as to say the government might even intervene if promises weren’t kept.
Filed in: Non-NHL Hockey, European Hockey | KK Hockey | Permalink
Tags: KHL,
Comments
Add a Comment
Please limit embedded image or media size to 575 pixels wide.
Add your own avatar by joining Kukla's Korner, or logging in and uploading one in your member control panel.
Captchas bug you? Join KK or log in and you won't have to bother.
Commenting is not available in this weblog entry.
Most Recent Blog Posts
Making Peace At The Winter Classic
You Have A 2 1/2 Hour Window To Do What You Do
Marc Staal Trying To Find His ‘A’ Game
About KK Hockey
Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
Email Paul anytime at .(JavaScript must be enabled to view this email address)
When learning from experts it’s best to learn personally from them, or from their blog. We can provide that with poker lessons blog, your home to learn poker personally.
Do you get shocked from the luck in the game of poker? Stop getting shocked and start being a Poker Shoker
Make extra cash while playing online poker. Rakeback is free and comes with rake races.
Kukla’s Korner is always a free service for readers, but it costs some money to maintain. If you’re ever in a position to donate a few dollars to help out, we’d be very appreciative.
I don’t know how many people know this, but the concept of the company not paying you if they’re not making money is basically the way things work in Russia.
If company goes bankrupt, you work for no pay. If company struggles, your pay is cut. In Post-Soviet Russia, company doesn’t work for you. I’m actually stunned that the KHL, didn’t pass a pay cut because the owners really are almost totally dependent on their business interests to pay for the losses they’re incurring (the owners are basically losing money for the giggles of having a hockey team as ticket revenues are negligible and sponsorships just help cover some of the red ink).
Posted by George Malik from South Lyon, MI on 12/23/08 at 08:31 PM ET