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
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.