Hooray, no lockout!
Oh, right: There's still that whole redefinition of hockey-related revenue and desire to lower the players' share from 57 percent to 43 percent. Which is a bit of a sticking point.
According to David Shoalts of the Globe & Mail, the salary rollback inherent in that proposal would have a huge impact on player salaries; in fact, salaries would once again be rolled back by 24 percent, as they were during the 2004-05 lockout:
The overall effect, the analysts discovered, would actually shrink the players' share of the revenue to 43 per cent from 57 once the effect of reducing the HRR was added. Under those numbers, for example, the salary cap last season would have been $50.8-million, rather than $64.3-million, and the floor or minimum payroll would have been $38.8-million rather than $48.3-million.
To the individual player, this meant if he made a salary of $1-million, it would have been cut back to $760,000.
Do we really want to live in a world where Colby Armstrong is actually a $760,000 player? I think not …
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