Thread: GDT: Lockout Thread II
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12-02-2012, 04:12 PM
Holden Caulfield
The Eternal Skeptic
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Originally Posted by HockeyCA View Post
The owners original proposal included a 24% salary rollback, so I am not quite sure where you are getting your information from. The last offer from the NHL provided for 149 million to be paid in the first year, and 62 million in the second, in order to "try" and fulfill existing contracts after the players agree to a 50-50 split in annual revenue. However, for each % point drop in annual revenue will equal a 33 million dollar decline to the players. Thus, 7%= 231 million dollars, times the 2 years, equals 462 million dollars. The players would be receiving 462 million dollars less over the first 2 years, with the owners offering 211 million to try and make this up. Thus, there will be a rollback in salaries, the math does not add up. Is there something I am missing in all of this? You cannot say the owners have not, when they have, and are not, when they are, an annual salary reduction when they clearly, and absolutely are.
No it didn't. More disinformation from the PA. That was a number the players made up to estimate the players total compensation (including new contracts, not effecting current contracts) decline based on unrealistic growth figures.

All of your numbers incorrectly interpreted. You are talking about total compensation to the players, as if they would still be getting the 57%. The players % part of the pie is going to shrink, that's a given, the PA has agreed to this. The numbers you are quoting are not effecting current contracts. You are assuming that revenues stay flat for two years? That has never happened. If the players drop to 50%, they would have had a reduction in total compensation in year 1, and perhaps year 2, depending on revenue growth. Therefore it was likely many of the current contractions were going to be hit by escrow. The make whole provision was designed to prevent the loss of money to escrow from current contracts during that time when total real money compensation was lower than current values.

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