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The Business of Hockey Discuss the financial and business aspects of the NHL. Topics may include the CBA, work stoppages, broadcast contracts, franchise sales, and NHL revenues.

Luxury tax failure

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Old
12-21-2004, 11:45 PM
  #26
CarlRacki
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Quote:
Originally Posted by Newsguyone
One Question for you Carl:
Do you Seriously Believe that MLB's luxury tax is the only way to do a luxury tax?

Thank you.
It may not be the only way, but it the only way that's actually been put into practice, and therefore the only example one can use to illustrate the success or failure of such a system. Anything else is mere speculation.
The bottom line remains that the two major sports league with caps - be it 'hard' or 'soft' - are flourishing. On the other hand, the one league with a luxury tax continues to struggle with the same inequities it was meant to resolve, at least partially.

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12-22-2004, 01:10 AM
  #27
Jaded-Fan
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Quote:
Originally Posted by CarlRacki
It may not be the only way, but it the only way that's actually been put into practice, and therefore the only example one can use to illustrate the success or failure of such a system. Anything else is mere speculation.
The bottom line remains that the two major sports league with caps - be it 'hard' or 'soft' - are flourishing. On the other hand, the one league with a luxury tax continues to struggle with the same inequities it was meant to resolve, at least partially.

It is even worse. In baseball the small market teams as often as not pocket the luxury tax and do not put it back into players while maintaining embarrasingly low payrolls. There is absolutely no restriction on the use of the tax money. We saw it here in Pittsburgh. The luxury tax was merely a bribe from big market team owners to small market team owners for their vote to basically maintain the same system but to assure that small market team's owners would get bribe money to be grossly profitable too. The fans? Screw us, huh?

Thank God for hockey and some sense. I hope that a cap goes through leaving baseball as the only major sport without a cap, and then I hope that all the fans in the cities that are not NY or Boston (or STL, a couple of others) wise up and spend their entertainment dollar where their teams have a year after year chance, not a once in a blue moon stars align chance.

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