Salary cap number for next season - 62.2 million

[dash]

According to Brooksie:

The NHLPA has told agents that the union projects a salary cap of approximately $62.2 million next season if the players vote to trigger the 5-percent escalator, Slap Shots has learned. That represents an increase of $2.8 million from the current $59.4 million cap, or approximately 4.7 percent. This means that, 1) the NHL’s “record” revenues have not increased by the 5 percent the players voted to bump the cap for this season; and, 2) the cap would remain flat or even decrease slightly for the first time if the players opt not to adopt the inflator for next season.

 

[Eddie_Shack]

Isn't that the kind of jack the Rangers were throwing around to bring in Bobby Holik and other scrubs, prompting the fight for a cap in the first place?

 

[pixburgher66]

I dunno about this. It's inflating pretty quickly with time. Just gonna create more issues down the line. Obviously a decrease would be bad because deals struck a few years back wouldn't have accounted for that, and a lot of teams could find themselves in trouble.

 

[BOSSMANPC]

What was it after the lockout? I said it back then and will say it again it's going up way too fast!

Look at the NFL. they make billions and some people said the last agreement was a bad one and two owners were out voted. Now they have found that those two owners were right.

In business if you have a good year you don't open the vault because all of the years will not be good and the players (employees) sure as hell will not give it back when things go south.

 

[esls79]

Well, at least it's a better salary cap than the NBA has or will have come July 1...

 

[DaBoltsNIsles]

Well my team will be at the cap floor regardless so it doesn't matter.

 

[dash]

Well my team will be at the cap floor regardless so it doesn't matter.

This is a very valid point - There are a few teams that are currently struggling to meet the cap floor and this news isn't welcome to those clubs.

 

[Eddie_Shack]

What was it after the lockout? I said it back then and will say it again it's going up way too fast!

Look at the NFL. they make billions and some people said the last agreement was a bad one and two owners were out voted. Now they have found that those two owners were right.

In business if you have a good year you don't open the vault because all of the years will not be good and the players (employees) sure as hell will not give it back when things go south.

I'm pretty sure it was in the ballpark of $40M, maybe even lower. I still can't believe we had a lockout over this shit, the owners fucked us out of a season of NHL hockey because they were demanding a cap that we are now TWICE OVER. Greedy fucks.

 

[BOSSMANPC]

This is a very valid point - There are a few teams that are currently struggling to meet the cap floor and this news isn't welcome to those clubs.

I am trying to find what it was after the lockout. This is a valid point and you watch in a couple of years we are going to be back where we were that caused the lockout.

 

[BOSSMANPC]

I'm pretty sure it was in the ballpark of $40M, maybe even lower. I still can't believe we had a lockout over this shit, the owners fucked us out of a season of NHL hockey because they were demanding a cap that we are now TWICE OVER. Greedy fucks.

Eddie I think it was just under 40, so I think you're right bro.

 

[sbb122]

The salary cap is set at $39 million per team in 2005-06. There is also a floor, with each team required to spend at least $21.5 million on player salaries in 2005-06. The cap figure covers salaries and bonuses.

 

[pixburgher66]

I am trying to find what it was after the lockout. This is a valid point and you watch in a couple of years we are going to be back where we were that caused the lockout.

$39 million, with a player max of $7.9 million.
A lot of blame has to fall on the GMs as well...they're giving the players ridiculous contracts, then the players who weren't worth near that amount underachieve and become something to be used in negotiations with players that are worth that much, but much better. Vicious cycle.

 

[BOSSMANPC]

$39 million, with a player max of $7.9 million.
A lot of blame has to fall on the GMs as well...they're giving the players ridiculous contracts, then the players who weren't worth near that amount underachieve and become something to be used in negotiations with players that are worth that much, but much better. Vicious cycle.

The bottom line is BOTH sides are greedy and the fans will take it up the ass and that pisses me off!

Thanks for the number pix I thought it was around there.

 

[DaBoltsNIsles]

$39 million, with a player max of $7.9 million.
A lot of blame has to fall on the GMs as well...they're giving the players ridiculous contracts, then the players who weren't worth near that amount underachieve and become something to be used in negotiations with players that are worth that much, but much better. Vicious cycle.

That would be an increase of 23 million in 7 years. That's over 3 million per season.

 

[BOSSMANPC]

That would be an increase of 23 million in 7 years. That's over 3 million per season.

I wish my COLA allowance was as much.

 

[esls79]

The salary cap had been tied to league revenues until this I guess, but this is a one time deal. I don't foresee another lockout - if the revenues league wide dip, some of these salaries will go into escrow, so the owners won't lose as much money - if players salaries end up in the escrow, this will essentially lower the salary cap. The current CBA has enough provisions in it to ensure in good times, both sides benfit, but when it gets lean, both sides have to give something up.

With that being said, situations like Atlanta and Phoenix need to be resolved sooner rather than later.

 

[BOSSMANPC]

The salary cap had been tied to league revenues until this I guess, but this is a one time deal. I don't foresee another lockout - if the revenues league wide dip, some of these salaries will go into escrow, so the owners won't lose as much money - if players salaries end up in the escrow, this will essentially lower the salary cap. The current CBA has enough provisions in it to ensure in good times, both sides benfit, but when it gets lean, both sides have to give something up.

With that being said, situations like Atlanta and Phoenix need to be resolved sooner rather than later.

But do you think that will ever happen Esls?

 

[esls79]

I think it has a better chance of happening in the NHL than in other leagues. In hindsight, the NHL got lucky to have its current CBA in place when this most recent economic downturn, recession, whatever you call it happened. Unfortunately, it took a lost season to accomplish it.

The current CBA allows players to make more when revenues are expanding - owners in the past could just pocket the money when this happened, now they have to give some back to the players through salaries. If the other shoe drops, then the players need to return some cash to the owners, and that is when the salaries go into escrow. This system makes both sides give something up.

The only problem can occur when something like the NFL's current situation happens - the players demand financial statements from the teams and the league and are not provided them - then you know somebody is trying to hide something.

 

[DaBoltsNIsles]

I think it has a better chance of happening in the NHL than in other leagues. In hindsight, the NHL got lucky to have its current CBA in place when this most recent economic downturn, recession, whatever you call it happened. Unfortunately, it took a lost season to accomplish it.

The current CBA allows players to make more when revenues are expanding - owners in the past could just pocket the money when this happened, now they have to give some back to the players through salaries. If the other shoe drops, then the players need to return some cash to the owners, and that is when the salaries go into escrow. This system makes both sides give something up.

The only problem can occur when something like the NFL's current situation happens - the players demand financial statements from the teams and the league and are not provided them - then you know somebody is trying to hide something.

If Chuck were to give financial statements the players association wouldn't like it. He really is losing 20 to 30 million per year.

 

[jstewismybastardson]

According to Brooksie:

That represents an increase of $2.8 million from the current $59.4 million cap, or approximately 4.7 percent

lmao

wasnt the cdn dollar at par last year around this time

it closed friday at 104.67
some coincidence lol