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11-26-2003, 09:16 AM
Join Date: Feb 2003
Originally Posted by
Care to elaborate?
What's wrong with the current CBA, how do you suggest it be 'fixed'?
In short, the NHL is a in financial mess. The ďdisasterĒ is that teams have already filled for bankruptcy, and many more arenít from it. Teams are trading away (or giving away) their star players because they canít afford the current inflated market value. Many teams just canít compete in the current economic climate. They are holding on by a thread waiting for a CBA that forces stability in the league.
Not to mention the popularity of the sport is no where near that of the other 3, yet the players are getting paid like it. ESPN cutting a huge portion of NHL games is evidence of the sportís popularity. Itís almost a guarantee that the NHL wonít get anywhere near their current TV contract when their contract runs out this year. When that contract was implemented, the average player salary was 600,000. The average is now 1.7 million. Youíd think that if player salaries have tripled, the sportís popularity would have gained some popularity. Not so. Sure, revenues have increased, but thatís more a product of the skyrocketing ticketing prices and additional revenue from new expansion teams. Fans will only put up with skyrocketing ticket prices for so long, and many have already said to ďto hell with it.Ē While expansion teams will provide some revenue at the early stages, itís only a quick fix to generate additional revenue. If the league wasnít to prosper, itís all but evident that there needs to be a change.
Iím not going to propose how to change it. Sure, I have some ideas, but Iím not an expert sports economic strategist. Iíll leave that up to the parties involved in the negotiation. The only thing Iím sure of is that the NHL is already walking on thin ice, and if there is a labor stoppage, that ice will likely break.
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