Does Anybody Here Remember Vera Lynn? (CBA & Lockout Discussion) XXVIII
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11-15-2012, 04:37 PM
Join Date: Feb 2011
Originally Posted by
The NHL's answer to overspending on players is to limit the earning potential of all players. Sidney Corsby is worth every penny he's being paid, both to the Pens and the league and in fact he's probably worth much more. Rather than take responsibility for signing contracts that make sense for your team, the NHL wants to limit contract length, take away free agency eligibility and arbitration rights. Asking for a reduction in the players percentage of HRR is reasonable, asking players to limit their earning potential so that teams don't have to be fiscally responsible is not.
Oh, and nevermind that the owners take on all the 'responsibility' of signing those contracts by
a) taking out loans to ensure cashflow to pay the contracts, and enduring the resulting debt service
b) putting cash money into the franchise to accomplish 'a', which is a waste of opportunity cost that might not result in profit
c) Bearing the loss (and yes, sometimes gain) created by such contracts and the associated debt service
d) offering to pay face value in these negotiations when they could just bleed out the union for a year and let the new 50/50 split CBA devalue the contracts for them.
Compare this to the players, who maybe take a slight hit once every 6-7 years when the CBA expires. Sheesh.
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