When will this lockout end? (all lockout talk here)
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10-17-2012, 12:53 PM
Join Date: Apr 2009
Originally Posted by
I get that revenue and profit are different. But when revenue almost doubles over a 7 year span, how could the profits drop given that the players chunk was a fixed %? What other secret expenses snuck up on the owners to negate all that revenue gain? Is all the profit going to a couple of teams while everyone else struggles? If so then revenue sharing is a better solution than clawing back money from the players from agreements the teams made.
Revenues grew from around 1.8B to 3.3B over the last CBA. So the revenue split started at 1.026B for the players and 0.774B for the owners. Last season it was, 1.881B for the players and 1.419B for the owners. So if the owners take has nearly double over the CBA, how are they now crying poor? Were they losing money hand over fist at the start and just a little bit now? Have other expenses skyrocketed in some way that is the players fault?
If they really are losing money as bad as they say, they could prove it by opening up their books. And that option never seems to be on the table. Also, if revenue is as meaningless as you suggest, why does the NHL crow about those numbers every summer?
All that being said, as the rest of my post stated, **** both these groups if they can't get this deal to work.
I thought the NHL handed over 70000 pages of team financials to the PA? I don't think they are closed books.
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