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An Update on Actual Spending to Date

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08-07-2005, 08:47 PM
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An Update on Actual Spending to Date

This is a duplicate of a post I made on the "Business" board. I am unsure whether it fits better here or there (or perhaps both). Eitehr way I think the information is pertinent enough to disseminate widely among HFBoard posters.

I have read from a great many armchair GM's pontificating on how "outrageous" the "spending sprees" have been to date (especially on the FA board).

It occured to me to wonder exactly where we are on spending to date.

Accordingly, I did a little addition. To do so, I used the TSN salary tracker. It is somewhat imperfect, as it only states actual salaries this year rather than cap amounts (i.e. Gonchar) but it is a reasonable enough indicator for a macro exercise such as this.

Here are the numbers:

Players signed: 385

Aggregate Salary: $640.747 million

Number of Players With Salary "Undisclosed": 33 (mostly fringe-ish players, but a couple of star-level guys)

Average Salary So Far For "Disclosed" Salaries: $1.82 million

The current projections allow for $1.7 billion in revenues. 54% of that is $918 million. After subtracting $66 million for benefits, available spending before an escrow would be required is $852 million.

This leaves $211 million for the 33 undisclosed guys and the 300 other guys (including RFA's, etc.).

Conclusion: There are still hundreds more to be spent, and hundreds of guys on whom it will be spent. All of the biggest tickets have been punched. If I am an agent, however, I might be getting a little panicky. Getting your player a minimum level salary is a pretty quick way to get yourself fired.

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08-07-2005, 08:54 PM
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MojoJojo
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Quote:
Originally Posted by gscarpenter2002
If I am an agent, however, I might be getting a little panicky. Getting your player a minimum level salary is a pretty quick way to get yourself fired.
What about for all the agents who turn down league minimum and whos clients are not playing in the NHL next season?

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08-07-2005, 11:48 PM
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Quote:
Originally Posted by MojoJojo
What about for all the agents who turn down league minimum and whos clients are not playing in the NHL next season?
I imagine they are even more fired than the other scenario.

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08-12-2005, 01:00 PM
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Here is an updated spending calculation:

Players signed: 489

Aggregate Salary: $725.3 million

Number of Players With Salary "Undisclosed": 61 (mostly fringe-ish players, but a couple of star-level guys)

Average Salary So Far For "Disclosed" Salaries: $1.69 million

The current projections allow for $1.7 billion in revenues. 54% of that is $918 million. After subtracting $66 million for benefits, available spending before an escrow would be required is $852 million.

This leaves about $127 million for the 61 undisclosed guys and the 200 other guys (including RFA's, etc.).

I note that the average salary of disclosed signees is creeping dow, as might have been predicted.

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08-12-2005, 01:53 PM
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Quote:
Originally Posted by gscarpenter2002
Here is an updated spending calculation:

This leaves about $127 million for the 61 undisclosed guys and the 200 other guys (including RFA's, etc.).
That puts the average for those guys just above the league minimum, doesn't it?

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08-12-2005, 02:27 PM
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Thanks for breaking this down for us. I've been concentrating so much on a team by team break down during that last few weeks that its interesting to see how this is playing out from a high level NHL/NHLPA perspective.

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08-12-2005, 02:53 PM
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Quote:
Originally Posted by MojoJojo
What about for all the agents who turn down league minimum and whos clients are not playing in the NHL next season?
Shot out of a cannon.

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