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Insight From An Owner
by Paul on 03/05/09 at 05:43 PM ET
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from Ted Leonsis at Ted’s Take,
Trade deadline day in the past has been a fan and media favorite, very exciting with lots to talk about.
Yesterday was different. Why?
To start, we are well into the new CBA and its ramifications have started to take root. There are only 50 contracts that a team can take on. There is a hard cap and as folks have noticed, the cap will be flat to down over the next few years. Hence there was a lot of trading player for player and salary for salary. It reminds me a bit of the NBA trading dollar for dollar and contract for contract.
The economic landscape has changed too. Teams aren’t looking to add to payroll. They want to shed payroll. Many teams that had high-priced veteran players were looking to exchange those contracts for younger players with lower-priced contracts
Filed in: NHL Teams, Washington Capitals, NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
Tags: Ted+Leonsis,
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