HFBoards

Go Back   HFBoards > NHL Eastern Conference > Atlantic Division > Montreal Canadiens
Mobile Hockey's Future Become a Sponsor Site Rules Support Forum vBookie Page 2
Notices

NHL raises salary cap to $70.2 million for next season

Reply
 
Thread Tools
Old
06-28-2012, 06:00 PM
  #51
DAChampion
Registered User
 
DAChampion's Avatar
 
Join Date: May 2011
Location: Canberra, Australia
Country: Australia
Posts: 8,480
vCash: 500
Quote:
Originally Posted by Habaneros View Post
Canadian dollar is forecast to drop to 86 cents in 2013.....Goona be some air let out of NHL tires.
Economists do approximately as well as astrologers. I wouldn't worry too much.

DAChampion is offline   Reply With Quote
Old
06-28-2012, 08:18 PM
  #52
Fozz
Registered User
 
Fozz's Avatar
 
Join Date: Aug 2002
Posts: 6,648
vCash: 500
Quote:
Originally Posted by CPrice 31 View Post
Scott Gomez just got some value to those teams that'll struggle to reach the cap floor. Sweet.
That's everyone's wet dream. Hopefully, some team will be desperate enough to even give us more than a 7th round pick for him.

Fozz is offline   Reply With Quote
Old
06-29-2012, 07:34 AM
  #53
NJHABSFAN
Registered User
 
NJHABSFAN's Avatar
 
Join Date: Jan 2009
Location: Swamps of Joisey
Country: United States
Posts: 185
vCash: 500
Quote:
Originally Posted by Habaneros View Post
Canadian dollar is forecast to drop to 86 cents in 2013.....Goona be some air let out of NHL tires.


If this were only true. My american bills would buy me a condo in Brossard.Or wait till that arena is open in Laval. woo Hoo!!!!!!!

NJHABSFAN is offline   Reply With Quote
Old
06-29-2012, 07:52 AM
  #54
shutehinside
Registered User
 
shutehinside's Avatar
 
Join Date: Sep 2006
Country: Canada
Posts: 7,901
vCash: 500
Quote:
Originally Posted by Habaneros View Post
Canadian dollar is forecast to drop to 86 cents in 2013.....Goona be some air let out of NHL tires.
To be fair, those are just forcasts and adjusted regularly. Also, most forecasts are incorrect the vast majority of the time. 2 years ago, the interest rate in Canada was said to be to 3.75% by now. In actuallity it hasn't moved.

Also, goven the turmoil in the World and Canada being a "safe haven" foreign money continues to be invested in Canada.

On top of that, we have a resource dollar. So as long as Global economy expands and there's a need for natural resources i.e. oil, nat gas, gold, coal, nickel, copper etc than the Canadian dollar should be just fine.

The biggest hinderance to the dollar is the USD going up and with the pace that they're printing money and their sluggish economic outlook, it may not happen for some time. I do agree that it will happen eventually but there are several hedges already on place by the Canadian teams to take advanatge of a dollar movement in either way.

So while currency can be an issue, it likely won't be the ridiculous $0.62 it was in the past. Even if the CAD does drop it will likely be int he mid 80's as you pointed out. Even at that, most of the revenue driver's in the NHL are Canadian teams which means they can likely outspend most US teams if they had to with a reduced CAD.

Bottom line, don't worry too much about currency. It's far away and even if it does happen, it likely won't be as big deal as you're making it out ot be.

shutehinside is offline   Reply With Quote
Old
06-29-2012, 09:32 AM
  #55
Monctonscout
Monctonscout
 
Monctonscout's Avatar
 
Join Date: Jan 2008
Posts: 32,756
vCash: 500
•Andy Strickland via twitter: The salary floor will be $54 million, and is one reason why half the league is losing lots of money. Owners will want the cap to come down and revenue sharing to go up.

Monctonscout is offline   Reply With Quote
Old
06-29-2012, 09:37 AM
  #56
Et le But
Moderator
 
Et le But's Avatar
 
Join Date: Nov 2010
Location: New York
Country: Argentina
Posts: 18,339
vCash: 500
Quote:
Originally Posted by NJHABSFAN View Post
If this were only true. My american bills would buy me a condo in Brossard.Or wait till that arena is open in Laval. woo Hoo!!!!!!!
Yeah really, even though I don't live in Montreal anymore I travel to Canada regularly and my bank account hasn't liked it at all.

Don't see an early 90s situation happening at all though, the US dollar might be strengthening but the US economy still has a lot of issues and with Europe a complete mess, the Canadian dollar is still considered safe.

Et le But is offline   Reply With Quote
Old
06-29-2012, 03:03 PM
  #57
JohnnyReb
Registered User
 
Join Date: Apr 2003
Posts: 658
vCash: 500
Quote:
Originally Posted by Carey Price View Post
•Andy Strickland via twitter: The salary floor will be $54 million, and is one reason why half the league is losing lots of money. Owners will want the cap to come down and revenue sharing to go up.
I'm sure the owners want the cap to come down, but I'm not so sure about them wanting to share more revenue. If the cap comes down by $5 million, but Geoff Molson has to give away an additional $5 million to his fellow NHL-owner-billionaires, then I'm not so sure he's going to be keen on that idea.

SOME NHL teams will want more revenue sharing, of course, but the powerful ones, the ones that control Bettman, will not. The middle tier teams... well who knows? If you're an up and coming market like, say LA, then you'd want to avoid the revenue sharing plan as you could be paying into it in a couple of years. If you're a market that might be on the downswing, like, oh I don't know, Anaheim, you might be all for it. If you are an owner, where do you see your team in five years?

Should be interesting to see how this plays out.

JohnnyReb is offline   Reply With Quote
Old
06-29-2012, 03:59 PM
  #58
Born in 1909
Hockey Royalty
 
Born in 1909's Avatar
 
Join Date: Nov 2007
Location: Montreal
Posts: 5,258
vCash: 500
Gomez may stay.

I wonder how hard he is training...

Born in 1909 is offline   Reply With Quote
Old
07-01-2012, 07:41 AM
  #59
BLONG7
Registered User
 
BLONG7's Avatar
 
Join Date: Oct 2002
Location: Nova Scotia
Posts: 13,484
vCash: 500
Quote:
Originally Posted by Born in 1909 View Post
Gomez may stay.

I wonder how hard he is training...
No way, not a chance...today's UFA may solidify that, if the Habs do anything big at all, ie Parise, Semin etc.

BLONG7 is offline   Reply With Quote
Old
07-01-2012, 09:09 AM
  #60
FlyingKostitsyn
Registered User
 
FlyingKostitsyn's Avatar
 
Join Date: Mar 2008
Location: Quebec
Country: Australia
Posts: 8,135
vCash: 827
Quote:
Originally Posted by DAChampion View Post
Economists do approximately as well as astrologers. I wouldn't worry too much.
It depends entirely on oil prices. I wouldn't bet on that going doing down long term..

FlyingKostitsyn is offline   Reply With Quote
Old
07-01-2012, 09:56 AM
  #61
Estimated_Prophet
Registered User
 
Estimated_Prophet's Avatar
 
Join Date: Mar 2003
Location: Ontario
Country: Canada
Posts: 3,728
vCash: 500
Teams need to be very careful with this cap increase. There will almost certainly be a drop in the cap after a new CBA is negotiated and teams that spend unwisely this week could potentially be in alot of trouble. There is a strong likelihood that there would be an amnesty clause that would accompany a drop in the cap but there aren't any guarantees.

Estimated_Prophet is offline   Reply With Quote
Reply

Forum Jump


Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 10:08 PM.

monitoring_string = "e4251c93e2ba248d29da988d93bf5144"
Contact Us - HFBoards - Archive - Privacy Statement - Terms of Use - Advertise - Top - AdChoices

vBulletin Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
HFBoards.com is a property of CraveOnline Media, LLC, an Evolve Media, LLC company. ©2015 All Rights Reserved.