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Tapping New Sources Of Revenue
by Paul on 10/05/08 at 05:36 AM ET
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from Larry Brooks of the NY Post,
This NHL exploration of the global market is as welcome as it is necessary. This is not a time for this league to retreat into its own North American borders, regardless of what the habitually ignorant Don Cherry might have to say on the subject. It cannot afford to.
But the league needs to develop a sound plan here, and it needs to do so in conjunction with not only the IIHF, but with each international hockey federation. It needs to form a genuine partnership with the folks from whom NHL teams mine their natural resources. And that includes Russia.
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The big pickle here is that the NHL is never going to sign off on increasing the “players’ share” of “Hockey Related Revenues” above the upper limit of 57% of HRR, and the players won’t want to have any percentage of that share dedicated to player transfers instead of player payrolls, because even if individually-negotiated transfer fees would not count against a team’s salary cap, a $10 million transfer fee for the next Alex Ovechkin, for example, would be counted against the “players’ share” of revenues, and as such, if that bumped the “players’ share” over 57%, the players would have to pay that fee for the NHL via escrow payments.
The old player transfer fees were sort of like the league’s prize money for playoff round-winners and Stanley Cup winners—the millions of bucks don’t come from the “players’ share,” and they don’t come from HRR. Instead, the NHL just sort of “donates” the money, and I believe that was the case for IIHF Transfer Agreement fees as well.
Somehow, the NHL and PA would have to find a way to allow individually-negotiated transfers to come via a cash-call to ownership or some other measure that doesn’t involve the PA basically subsidizing the fees. If that can’t happen, then the PA would be looking for a serious carrot as they’d have to sell, “Hey, we’ve got to pay for the Kings to get this superstar out of Russia” line to the 700-plus-player membership.
Posted by George Malik from South Lyon, MI on 10/05/08 at 09:05 AM ET