Owners considering a new league...
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08-27-2004, 09:22 PM
Join Date: Feb 2002
Originally Posted by
Just one problem with that. There are a lot of players with money. Some of them have done quite well over the years. But they can't compete with the money the owners have at hand. The poorest owner is worth several hundred mil, the richest player is under a hundred mil. They may be able to get some backing, but they would have a hard time with the start up expenses.
What startup expenses? The biggest expense for the NHL is the players.
If the players are on board with their own league, what startup expenses do they have? Arena leases can easily be covered by the PA's warchest. They can hire all the front office staff that the owners laid off.
Even player pay will be an issue. Will the players league be able to pay as much as the owners league? Probably not. And as much as the players say they are united, most of the players making less than $1M per year will go to whatever league will pay them the most. Europeans? They will go to whatever league will pay them the most. Rookies? They will go to the league that will pay them the most. You will be left with the die hard NHLPA supporters in the players league, and their numbers will slowly dwindle as they see they can still make more money in the owners league.
But as far as the players are concerned this new owners league is just like the NHL bringing in replacement players. It won't draw worth a damn without real NHL players. And if the fans aren't there, the money won't be there either.
Meanwhile the players' league will be packing in the fans if they play in smaller venues or have cheap tickets for large venues like Skydome. They may not make as much as the old NHL teams did but they'll make more then the owners league will with scrubs and scabs playing.
The owners will also have to worry about paying off the loans they incurred while paying for their franchises and building their arenas. The players won't have to worry about that because their franchises were free.
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