: Salary Cap:
Contracts and Salary Cap (Contract Info in Posts #1 & #2)
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06-25-2013, 03:18 PM
Join Date: Mar 2002
Location: New York
“We’re going to add another billion dollars in gross revenue in the very near future,” Wirtz said while with his team in Boston. “The CBA is long-term [10 years, with opt-outs for the league and players after eight], and now the focus is on growth. I’m extremely happy about the future of the NHL.”
Wirtz isn’t alone in having that billion-dollar vision in this first year under the new collective-bargaining agreement. According to sources at the team and league levels, NHL executives informed the league’s audit and finance committee at a meeting on June 10 that the league projects bringing in an additional $1 billion of cumulative revenue over the next three seasons.
Revenues were $3.3B in 11-12. Another billion by the end of 15-16. $4.3B. 50%. Assuming $95M in benefits. Subtract $95M. Divide by 30. Add 5%. Add 15%. Its 15% and not $8M anymore. Upper limit of $82,713,750 for 16-17. CBC contract expires after 13-14. The new money begins in 14-15 which will be counted for the 15-16 cap.
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