Why I (and many fans) are not supportive of luxury taxes as a salary containment mech
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10-30-2012, 01:57 PM
Join Date: Aug 2006
Originally Posted by
They chose not to pay the luxury tax, it doesn't mean they don't have the ability to.
2011 the team made 20-25Million (Forbes #), This past year they made between 30-35Million in operating profits (From ESPN's Bill Simmons).
The owner chose to profit instead of go for a championship, its his choice but with the tax/soft cap they had the ability to for it. In 2-3 years Edmonton will be against a hard cap and won't even have a choice to keep some of there best young players.
Without a cap, Edmonton would have even less of a choice to keep some of their best young players, as a rich team like Toronto, Detroit, or the Rangers would just buy them.
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