It says here Players talking of $60 million luxury tax threshold
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09-04-2004, 06:09 PM
Join Date: Jun 2004
Originally Posted by
the problem is, that for the New York Rangers and Some other teams, they are making "smart moves" because they can afford giving huge salaries, it makes it unfair to lower teams that have to overspend to survive.
I would argue that although it screws mostly ever other team, what Dolan is doing is best for his business and makes him the most money. As long as he can sell out MSG and have good ratings for local TV, it's smart for him to go out and create a sense of excitement(trade for high priced players).
The Luxury tax would even it out for lower level teams, while still allowing Dolan to go out and overpay players.
But under a hard salary cap, a player developing into a superstar on any team is not going to be able to stay. Lets say Calgary was $2 million under a cap right now. How could they resign Iginla, unless he was willing to take $5 million (and I know salries would go down in theory, but this is hypothetical) less to stay there? He would have to go to another team that had the available cap room.
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