The Business of HockeyDiscuss the financial and business aspects of the NHL. Franchise sales, valuations, TV contracts, ratings, expansion, relocation, the CBA and work stoppage discussion goes here.
drosennhl 12:03pm via TweetDeck Bettman, Daly, Fehr Bros. to meet tomorrow. RT @CptRebuttal: @drosennhl Do you have any new updates on the negotiations for the new CBA?
Michael Grange @michaelgrange 1st stage (?) of meeting lasted 45 min before the Fehr's left #NHL offices to consult. No comment from Fehr, wants to talk w/ constituents.
michaelgrange 8:35am via Twitter for iPhone
Fehr said he expects to return to #NHL offices again today. ##NHLPA #CBA
stevezipay 12:11pm via Twitter for iPhone The Fehrs return to NHL offices with three players, Matthieu Darche, Ron Hainsey and Douglas Murray. Offer no comment
@michaelgrange: Bettman -- we made a counter proposal, we believe it was significant and had movement #NHL #NHLPA #CBA
@michaelgrange: Bettman -- re: counter offering: in order to move the process along ... I'm trying to get us speaking the same language #CBA #NHL #NHLPA
NHLPA: Players taking part in internal CBA meetings today: Craig Adams, Nick Bonino, BJ Crombeen, Alex Goligoski, Ron Hainsey ..... cont'd
NHLPA: ..... Mike Komisarek, Douglas Murray, George Parros, Chris Phillips, Kevin Shattenkirk, Kevin Westgarth. #theplayers
NHLPA: RT @TGlass15: Great call with Don and the @NHLPA this afternoon. The boys are united and working hard to get a deal done. #theplayers @NHL
http://sports.yahoo.com/blogs/nhl-pu...0452--nhl.html
Puck Daddy's take on how the 16 teams above a proposed $58mm cap hit would be able to "get under". One aspect of latest NHL proposal is to increase the escrow from players from 15 to 20%.
aaronward_nhl 10:41am via Twitter for iPhone NHLPA presently working on counter proposal and will be reviewing NHL 2011/2012 team numbers that they received yesterday afternoon. #TSN
chrismpeters 10:57am via Web
College coaches have expressed a desire to see a deadline in place in next CBA to prevent such late signings. Seems to happen annually now.
TheFourthPeriod 11:16am via Web
After speaking w/ sources in the room from NHL/NHLPA, there are at least parts of a framework the 2 sides can work with http://t.co/2fHZmlxC
drosennhl 12:14pm via TweetDeck
Daly said based on yesterday's meeting he has a basis for what to expect from the Union's counterproposal, but he did not want to speculate.
sunhornby 12:00pm via Twitter for BlackBerry®
Bill Daly: NHL is prepared to talk through long weekend, depending on what's in Friday's player proposal.
NHL proposals to change revenue formula would be significant
By Elliotte Friedman
Posted: Thursday, August 30, 2012
...
What were those changes? Apparently, there were four:
1) In the existing CBA, teams can deduct the cost of doing business from HRR. But there are limits. For example, deductions from preseason games or "special games" such as European openers, "shall not in the aggregate exceed fifteen (15) per cent per League Year on a League-wide basis" of the revenues. You can find all of the examples, if you wish, in Article 50 of the current document. The NHL is arguing that costs far exceed these caps.
2) One area of HRR the NHL cannot deduct ANY costs from is luxury suite sales (e.g., paying people to sell them). Everything must be thrown into the pot. Mistake, oversight, whatever - the league would like a re-do.
3) Lightning owner Jeff Vinik spent $35 million US last summer to upgrade The Tampa Bay Times Forum. Meanwhile, Rangers owner Jim Dolan committed an estimated $977 million to a massive renovation of the Madison Square Garden. (Say what you want about Dolan, but doing that without public funding is extremely impressive.) As it stands, teams receive no financial credit for that. The league would like that changed. The model is probably the latest NFL CBA, which allows the league the option of taking 1.5 per cent from the NFLPA's 47 per cent share to build new stadiums. Larger revenues from newer buildings, the reasoning goes, benefits the players, too.
4) When players on one-way deals like Wade Redden or Jeff Finger are sent to the minors, their salaries no longer count. Not only is the NHL trying to eliminate this loophole from the salary-cap portion of the discussion, it is trying to make those contracts tied to HRR, too.
Chris Botta @ChrisBottaNHL
Fehr: PA proposed changes to 4th year of their initial proposal.
Chris Botta @ChrisBottaNHL
Fehr: NHL will not respond to proposals that don't include salary cuts. "At this point, the talks are recessed."
Renaud P Lavoie @RenLavoieRDS
Don Fehr: "at this point the talks are off."
Chris Botta @ChrisBottaNHL
Fehr: if there is a hiatus on meetings about core econoomic issues, we should discuss other issues. No plans for any meetings yet.
Pat Leonard @NYDNRangers
Fehr says @NHL revenue sharing isn't good enough. Players trying to break the lockout cycle also
Michael Grange @michaelgrange
Fehr -- we do not have any indication that there will be any additional revenue sharing from richer teams #NHL #NHLPA
Pat Leonard @NYDNRangers
BUT Fehr says talks have stalled because @NHL says players must be prepared for "immediate reset" in player revenue, & they're not
Rob Rossi @RobRossi_Trib
Fehr clarifies owners elected recess of #CBA talks. Says #nhlpa ready to resume.
Bettman's conference :
Chris Botta @ChrisBottaNHL
Bettman: what started as a promising week, ends in disappointment
Chris Botta @ChrisBottaNHL
Bettman: NHLPA did not offer, in his view, a counter-proposal.
Chris Botta @ChrisBottaNHL
Bettman: revenue sharing talk is a distraction. NHL focused on what they pay out.
Chris Botta @ChrisBottaNHL
Bettman: when either of us has something to say, we'll pick up the phone.
Chris Botta @ChrisBottaNHL
Bettman basically scoffs at NHLPA idea of 3-year plus one term CBA. Says NHL wants more. Have proposed 6. @SBJSBD
Rob Rossi @RobRossi_Trib
Bettman says #nhlpa not moving at all on position of economics #nhl
Chris Botta @ChrisBottaNHL
Bettman says characterization of NHL reccessing CBA talks is "inaccurate and unfair."
Chris Botta @ChrisBottaNHL
Bettman: NHLPA "stonewalled" and did not move off latest proposal.
