If OC transpo isn't an essential service in the depth of winter, then NHL certainly isn't. Can't think of anything that'd be an essential service according to the city council. They rather see us suffocate without hockey, probably.
Pretty sure OC Transpo normally would've have been something that would have been legislated back to work. IRC the problem was that Ottawa has buses from both Ontario/Quebec running through it so it would have had to been legislated at the Federal level instead of by the Province. Had it been solely Provincial (see Toronto) then there wouldn't have been a strike.
I actually thought I was really well-informed about all this until this super basic idea popped in the top of my head...
Why do the players get ANY revenue? They are employees of the NHL/Team/Owner... If I worked at Walmart, I don't get 56% revenue shared between me and the rest of the employees. I make 15$ an hour not matter what. If Walmart makes $100 Billion this year, they won't give me 25$ an hour, I will still get 15$. Should they be happy they get ANYTHING?
Because the players have a union and are in a bilateral partnership with the owners.... unlike at Walmart.
Linking salaries to revenue is a lot like getting stock as an employee. Theoretically, it's healthy for the company because the management and the underlings see their interests aligned: the financial success of the company.
I think the cap being tied to revenues is where the percentage comes from.
For example, league revenues are say, $6billion. 50% of that is $3billion. There are 30 teams so the $3billion is divided by 30 and there is your cap/floor number. In this example, the cap would be $100 million per team based on a 50/50 split of $6billion of league revenues.
"I said it before, before I sign a contract, if the league decides to cut our salaries and cut our contracts for what they want, I don't know how many guys will be coming back," Ovechkin said on the call. "We signed contracts before so why do they have to cut our s[alaries and our contracts right now? They signed us, [now they] want to cut it. I think it's a stupid idea and a stupid decision by the NHL, [commissioner Gary] Bettman and the guys who work there.
"If it's going to be the same situation, I think it's going to be all year because we're not going to give up," Ovechkin told the Times and Post. "We stick together because we have a very good [leader], Don Fehr, and the guys know and trust him right now because his job is to help us to play hockey and play hockey [with] what we deserve to play hockey."
If Ovechkin left, I would honestly not care one bit.
Malkin? That's a different story. He hasn't scored 40 goals in two years, let alone 50. If he's going to threaten to leave the NHL, he better be able to back up his 9+ million dollar contract by actually playing well.
katz extorting the city of edmonton, threatening to move the oilers to seattle.
times like this i'm thankful we had guys like bruce firestone, who figured out how to build an arena without public funds.
Woah woah woah.
By 2003, while Bryden technically still had his name on the building as owner, the Corel Center was completely controlled and operated by Covanta, the company that built the arena, because the Sens STILL owed them over $200mil and repeatedly defaulted on payments. Bryden agreed to pay rent to Covanta, on top of the debt he owed, just to keep them from calling the debt in and keeping the matter out of courts. And it sucked extra hard by the end, because as Covanta was an ENron company, when Enron fell, so did Covanta. When creditors started calling in their debts on Enron, Covanta had to call in the massive debt on the Sens, which was huge in why the team went bankrupt.
This is an arena whose debts nearly forced the team into a level of bankruptcy that they couldn't dig themselves out of, which ultimately left many creditors around the city in the lurch. Lots of local people lost their lunch on the Corel Center. People went out of business due to Bryden not being able to pay his bills even after the sale of the team.
The building cost $217 to build in 1996. It was sold for $130mil, INCLUDING THE TEAM ITSELF, to Melnyk less than a decade later.
Now, don't get me wrong: the team is set up now and for the future with the way things went down, and I love that the survival of the team isn't in doubt anymore... but it was a massive fluke that everything turned out the way that it did. The Palladium/ Corel Center/ SBP was a huge, huge money pit from the beginning, and LOTS of people took a bath on it. From the beginning, from the supposed real-estate tie-ins to the arena that were supposed to be built but fell to the wayside, to not pre-negotiating with the provincial governent about highway offramps and putting yourself in a position to be bulled about that $30mil cost... the whole thing was a prime example of how not to build an arena.
I'm pretty sure that most of the time, when you want to sink a quarter to half a billion dollars into a venue... it's going to be tedious and run into financing and development problems. With that said, it's not exactly fair for Katz to demand the city (and taxpayers) fronts the costs while he controls all revenues from the venue.