Very great editorial today in La Presse
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09-11-2004, 09:35 PM
Join Date: Mar 2003
Location: Tonawanda, NY
Originally Posted by
go kim johnsson
Then the onus should be on the owners for spending their money wisely. Why should the players care? The owners are the ones who are paying the players the money.
The NHL's losing money problems lie much deeper than giving guys like Martin Lapointe $5 million a year.
That is the problem. Some of the owners just don't care. The rest of the owners have no choice but to try to remain competetive. If they don't try to remain competetive, they lose fans, then they lose their teams (bankruptcy).
As long as there is nothing preventing all owners from spending unwisely, the owners that do spend wisely will need to try to keep up with the handfull of owners that don't spend wisely.
The only way to correct this is to put it in the CBA. The NHLPA will fight anything that significantly controls spending because they will see salary decreases.
If not a cap, how about putting a heavy fine on any team that loses money and their team salary is above the league average, say they are fined $10 for every $1 in losses. That way the owners that don't care about raising salaries and taking losses will need to think twice before doing that. If a team with a $70M payroll lost $30M and had to pay a $300M fine, they would get their spending down very quickly.
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