Don't expect the cap to go down next year.
View Single Post
01-01-2009, 01:09 PM
Join Date: Aug 2005
Originally Posted by
The alarmists who like to go into a frenzy about any possible bump in the road will have to take a deep breath until the end of the 2009-2010 season as the league is projecting increases in revenues of up to 6%, yet will be protracted to 2% because of the Canadian loonies' decline (unless it goes back up again).
The revenues for this season were mostly accrued prior to the season with season ticket, luxury box sales, and the like. I'd expect that disposable corporate and personal income will be tight next season and will adversely affect 2009-10 ticket sales. The cap will be thus negatively affected for the 2010-11 season. The lower Canadian dollar will also be troublesome for Canadian teams.
Owners are smart and new player contracts will be offered with an inevitable lower cap in mind. Bettman has been suggesting this on his Sirius/XM radio show of late. Guys like Hossa only signing a one-year deal and Gaborik turning down a long term $8 million deal may find these strategies backfiring.
View Public Profile
Find More Posts by 24Cups