Everybody's talking at me; I don't hear a word they're saying (CBA/Lockout XXIX)
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11-16-2012, 08:06 PM
Join Date: Jun 2009
Originally Posted by
Just no. It's about insurance. We have the numbers. Crosby needs $2.4mil/season to insure his contract. Under 7 years the league has a discounted policy that covers teams for $1mil/year. After 7 years, the team cannot use that policy and must secure private insurance or self-insure. The premium is related to the total value of the contract if you follow what has been happening to players going overseas. If they continue the long contracts, premiums will be paid where the money goes neither to the players nor to the owners. It is money lost to both sides.
I agree that variance is about cap circumvention, but years is both circumvention AND insurance.
So then go for 7 years? Or work it out with the Union. Like I said, going from unlimited to 5 years is a huge concession by the players and not the only way to fix these problems, or necessarily good for the clubs.
Last edited by Scurr: 11-16-2012 at
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