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Time To Revise The CBA
by Paul on 07/12/08 at 09:17 AM ET
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from Michael K Ozanian of Forbes,
The NHL’s salary cap, which became law with the league’s new collective bargaining agreement following the cancellation of the 2004-05 season, is coming back to haunt the owners….
The WHA folded after seven seasons but forced NHL teams to significantly boost their payrolls to keep their best players. The CHL is going to do the same thing and crush the profit margins of some teams unless the NHL’s owners are smart enough to revise the CBA. One possibility: only the signing bonus portion of a players’ contract counts against the salary cap if a player retires or cannot play the majority of a season.
Filed in: NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
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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.
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Gary Bettman would let everybody short of Alex Ovechkin and Sidney Crosby play in Russia rather than compromise the ironclad security of the hard, hard salary cap.
The thing that I don’t understand about the KHL is that these teams technically have $21 million payrolls…and I think that it’s going to take a year or two of players learning that even this new league is still very, very different from anything that they’re accustomed to outside of the biggest markets to see whether players are really willing to stick with it.
Posted by George Malik from South Lyon, MI on 07/12/08 at 01:44 PM ET