Mark Recchi's advice to players is to sign CBA now
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11-17-2012, 04:31 PM
Join Date: Nov 2005
Location: Pac NW
Originally Posted by
Fish on The Sand
You should know better than to say the 24% rollback was a win for the owners. That was for the players. The players salaries were set to revenue and even more players would have been released from their contracts during the compliance period, resulting in more veterans without jobs.
Sorry, FOTS, but that also prevented many teams from having to buy out even more contracts. You're forgetting that since the contracts were guaranteed, the players also agreed to let the teams buy them out at 2/3rds the original value. It would have been extremely costly to many teams to buy players' contracts out and THEN still have to fill every one of those 22 roster spots.
They were paying players to not play for them, and then having to sign new contracts to replace those guys.
I think the players would have gladly not taken a 24% cut and let the owners buy out 2/3rds of that original value.
If you were earning $5 MM, with and without the pay cut plus a buyout would look like:
$3.8 MM base, $2.5 MM after being bought out.
$5 MM base, $3.3 MM
a 32% loss
($3.3 MM vs $2.5 MM)
I think what you're forgetting is that the number of NHL contracts is fixed. 30 teams with 22-25 spots. If you don't have one guy, you have to have another, so there is no loss of jobs to the PA overall.
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