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09-17-2004, 01:19 PM
  #50
djhn579
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Quote:
Originally Posted by Tom_Benjamin
The NHL can't do anything to suppress wages without the union's blessing. Nothing. Nada. I suppose they could do this if everyone ignored the suggestion. If the suggestion had a real impact, it is illegal.




Tom
I know this wouldn't solve all the problems, but could the NHL pass a by-law that if an NHL team lost more than $5M in any one season, or has lost money for 3 straight years, or has a combined loss of over $10M over a 5 year period, the NHL could put a control board over that teams finances, with the goal of ensuring decisions are made to keep the team competetive and profitable? The nunbers of course are debatable, and what constitutes profit or loss would need to be defined.

This would not be directly aimed at lowering salaries, but maintaining the NHL's long term viability. Lower salaries would be a by-product though, since teams couldn't afford to risk paying high salaries and losing money.

There would still be a disparity in what teams can afford, but it wouldn't be as heavily skewed by teams that currently don't care if they lose money.

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