2012-13 Lockout Discussion Part VIIII: "We're Close" "We're Not Close" Edition
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12-07-2012, 12:58 AM
Join Date: Jun 2011
Originally Posted by
Let me add this. The average player makes about $5 million after-tax profits in his NHL career. It was significantly less when they first got locked out in 1994 when the average lifetime NHL earnings for a player was about $1.5M after taxes. This was enough to live decently while in the NHL and to buy and furnish a house, but then players had to go look for middle class jobs, usually coaching some junior team. Even today, many players like Eminger and Haley make only $1-$2 in lifetime post-tax salary.
But $5M in lifetime salary isn't that much either. A player needs to get a job post-hockey and live only a slightly higher than middle class lifestyle. They can have fun in their 20s, buy a nice house, and still have a couple of million in the bank when they retire. But a couple of million doesn't take you far when you have to survive another half a century, especially with annual inflation.
The players, other than the stars, are merely trying to make sure they set themselves up for a decent lifestyle post-hockey. No yachts, no private jets. Sure they can afford more than a Honda, but the average NHLer can't afford a Bentley, unless he's financially reckless. So yeah, at the age of 40, he has a 5-bedroom home instead of a 3-bedroom that his friends have, he drives a BMW instead of a Honday, eats at Ruth's Chris instead of a diner. But nothing special. It's essentially the same lifestyle as everyone else, but slightly nicer.
And if you are a low-end player, you probably have little to no savings at the end of your career, save maybe for a house if they are good at not wasting money.
Meanwhile, the owners are flying everywhere on private jets that cost tens of thousands of dollars in fuel and staff per flight. They wouldn't eat at Ruth's Chris if you held a gun to their head. They don't know what a supermarket looks inside unless they own one. Cry me a river about your losses!
If you don't like owning a hockey team and think you are losing money, then give it to me. How can a business that allegedly loses money every year somehow increase in value? Who are they kidding?
Am I supposed to believe that that Eminger and Haley are worse off financially than the owners? I don't begrudge people making money. That's the American Way. That's why the U.S. is so successful - we get compensated for getting educated, working hard, investing, inventing. But why do I have to hear whining about poverty coming inside a private jet?
I'd like to protest to the math. The described lifestyle and situation is that of an AHLer perhaps. 3 seasons in the NHL, even at $700K before tax should set anyone up in life. Everyone wants a nice lifestyle and it's never good enough. While a lot of guys do get paid <$1M, a majority get paid more than that.
They're trying to set themselves for up yes but for a much nicer lifestyle than what you ascribed above.
I'm not sure why jets or yachts are being brought into the mix for. The lack of jets or yachts does not imply they're not living extravagantly. Also, the stuff on taxes, everyone pays taxes and I'm sure they pay more but it's just. I wouldn't go so far as to say they're "securing themselves financially" or "ensuring their livelihood after their career and their family's livelihood.
Owner's are greedy and they should be, they're business men. Bad? yes. Players want more money because they too like all people are greedy. Those who do not make $5M+ a year want to make sure they're getting their share in their career. Anyone who gets paid $5M before taxes in their career and ends up with less than $1M in a savings policy at the end of their career is an idiot.
Last edited by Lerb: 12-07-2012 at
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