It says here Players talking of $60 million luxury tax threshold
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09-12-2004, 10:34 AM
Join Date: Oct 2002
Originally Posted by
The Red Wings don't generate revenue? They are the Dallas Cowboys of hockey, at least in the US. They have sold out every game since December of 1996. They consistently sell more jerseys than any other team in the league. They are on national TV as much as anybody. And they draw more on the road than any other team, which puts money into others owner's pockets.
There is no Dallas Cowboys of hockey. Hockey is not football not in any way shape or form. Detroit has a popular team of name players and has to overspend and lose revenue to list many of the things you wrote above but it does not translate into a
successful business. Generating revenue and making money do not necessarily go hand in hand. Your owner claims he must make the finals to make money, that is not a success.
This is just a rich man spending more on his toys, it drove up the salaries and created an impossible standard for the league to maintain, he's not alone.
Which is why the game is where it is today with contracts so high most teams cannot bid for them and those that do in the end lose revenue.
Can you imagine how far down interest in the Wings will drop with a 31 million product. But the owner will likely make more just from the payroll savings, even if some bandwagon fans lose interest.
And the Wings can still compete for free agents, they are just going to have to pick their spots, so will every team.
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