Salary cap expected to be $70 million - Update (north of $71 million)

[dash]

Can somebody remind me why the recent lockout was necessary?

The board of governors will get the update on the 2014-15 salary cap, which will be a substantial raise from the $64.3 million limit this season. That number is expected to be around $70 million, which means the cap gets to its pre-lockout level in the second full season after the work stoppage.

Salary cap discussions on tap for NHL board of governors

 

[Darkstone42]

Sigh.

 

[IPostedWhat]

That's what happens when a new TV is made and money is falling from the sky.

 

[IPostedWhat]

Report: Salary cap ?may be around? $70 million next season | ProHockeyTalk

 

[BOSSMANPC]

What was the cap after the first lock-out 38 mil? Remember what I said and I was right? Well guess what.....wash, rinse...repeat. Bad business, shit happens and you should always have a cushion for a rainy day. This will bite them in the ass.

Sorry to sound conceded but this is basic business economics 101 and the NHL fails miserably at it.

 

[Darkstone42]

What was the cap after the first lock-out 38 mil? Remember what I said and I was right? Well guess what.....wash, rinse...repeat. Bad business, shit happens and you should always have a cushion for a rainy day. This will bite them in the ass.

Sorry to sound conceded but this is basic business economics 101 and the NHL fails miserably at it.

Revenue streams have greatly expanded since then, and the cap should be higher (the players deserve an extra cut, since it's the players people are paying to see and putting on TV). But they need to expand slowly.

 

[Cobiemonster]

I hope it doesn't get much higher than 70

 

[BOSSMANPC]

Revenue streams have greatly expanded since then, and the cap should be higher (the players deserve an extra cut, since it's the players people are paying to see and putting on TV). But they need to expand slowly.

That's the key. Like I said shit happens and if for any reason they have a down year or two the NHLPA isn't going to let them roll it back. If the company you're working for has a banner year and profits increase 30 or 40% the boss doesn't walk out and give everyone a raise equal to that.

 

[BOSSMANPC]

I hope it doesn't get much higher than 70

Me to, It also has an adverse effect on the smaller market teams.

 

[element1286]

That's the key. Like I said shit happens and if for any reason they have a down year or two the NHLPA isn't going to let them roll it back. If the company you're working for has a banner year and profits increase 30 or 40% the boss doesn't walk out and give everyone a raise equal to that.

Are they really basing these values off the previous year only, seems insane.

 

[IPostedWhat]

I hope it doesn't get much higher than 70

See Post# 4, it's going to get much higher.

 

[BOSSMANPC]

Are they really basing these values off the previous year only, seems insane.

Based on the increases they made every year after the first lock out the answer is yes.

 

[Cobiemonster]

Me to, It also has an adverse effect on the smaller market teams.

Yeah it definitely will change what smaller market teams have to do, but with a smaller cap, it should be able to prevent teams from signing guys to stupid contracts - that's the worry

 

[DoobeeDoobeeDoo]

Can somebody remind me why the recent lockout was necessary?

The board of governors will get the update on the 2014-15 salary cap, which will be a substantial raise from the $64.3 million limit this season. That number is expected to be around $70 million, which means the cap gets to its pre-lockout level in the second full season after the work stoppage.

Salary cap discussions on tap for NHL board of governors

Bettman initiates lockouts just for teh lulz.

 

[juliansteed]

Well there were 2 sides at the negotiating table. Fortunately for us fans, they reached a compromise. I'm sure the owners would prefer it not increase at all. Or more reasonably, would prefer to have it reviewed every 5 years and/or give the players a smaller cut. The fact that they got a cap at all from the 04-05 lockout was huge in my opinion but they weren't going to get it without certain conditions that benefit the players.

 

[Destroydacre]

Hope everyone is ready for yet another lockout when the current CBA expires.

 

[forty_three]

Report: Salary cap ?may be around? $70 million next season | ProHockeyTalk

This really makes me appreciate the stand that Jarmo and JD made with Bob this summer that much more.

Granted, when the contract is up, the cap will be around 10 mil higher, so if he proves himself he's in for a sizable payday. But he's motivated to prove himself and they got him at a reasonable deal until the money evens out. If they caved and gave him what his agent wanted, they'd be in a world of hurt.


I hope the CBA addresses longer term deals. If the revenue is there, I don't have a problem with the players getting a good cut of that. TV deals and butts in the seats should mean more money for everyone. But these long ass deals that are designed to play players well past their worthwhile time are worse that big dollars.

I wouldn't mind a cap of five years with an extension or modification of free agency. Like if a player plays a full five year term with a given team (no mid-contract trade), that team has the right to match a FA offer. But if they don't match, there is no compensation. Like hybrid UFA. Give teams that stood by a guy for five years a chance to keep him if they choose. I don't see it happening often, but it would be nice to see teams get a chance to match "market value".

It might also stop playoff rentals.

 

[DoobeeDoobeeDoo]

Hope everyone is ready for yet another lockout when the current CBA expires.

I'm always ready for a lockout when the CBA expires. Fortunately, that won't be for 10 years or so.

 

[jstewismybastardson]

That's the key. Like I said shit happens and if for any reason they have a down year or two the NHLPA isn't going to let them roll it back. If the company you're working for has a banner year and profits increase 30 or 40% the boss doesn't walk out and give everyone a raise equal to that.

Are they really basing these values off the previous year only, seems insane.

hello ???

escrow???

players dont get there publicized salary every month on the 15th (that may not be the frequency now )... theres an escrow holdback depending on joint revenue projections made by NHLPA/NHL

at the end of the year if revenues were as projected and league revenue hits the benchmarks the players get a nice big fat paycheque with interest ... they get their money back ... if revenues fall ... they dont get the money that was withheld ... so that mechanism exists

i think the linkage is correct the way they have it setup

the issue i have (which i stated numerous times in that business of hockey thread) is the owners go back at the end of cba's and squeeze the players and say their % cut is too high

bullshit ... Dally has made comments recently that the linkage between revenue and salaries is correct

 

[KennyBanyeah]

Are they really basing these values off the previous year only, seems insane.

THIS!!

Some kind of running average should be the benchmark.