Thread: Luxury Tax?
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11-15-2012, 03:13 PM
  #8
cbcwpg
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To me a luxury tax would only be a benefit if the money the league gathered from this tax was :

1- Given to those teams that require the financial help

2- The money received via the luxury tax MUST be used for player salaries.

Lets say the NHL adopted a luxury tax instead of a cap system. Teams that are doing poorly financially would receive the money, but without a minimal cap in place, they don't have to spend the money to try and become more competitive... they could just pocket it if they want. Keep their payrolls down and pocket the luxury tax each year.

There would have to be a system in place that would force this money given to the poorer teams to be spent on the players.

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