HFBoards

Go Back   HFBoards > General Hockey Discussion > National Hockey League Talk
Mobile Hockey's Future Become a Sponsor Site Rules Support Forum vBookie Page 2
National Hockey League Talk Discuss NHL players, teams, games, and the Stanley Cup Playoffs.

Mike Brophy: Kovalchuk, Ovechkin to KHL?

Reply
 
Thread Tools
Old
01-13-2010, 07:37 PM
  #1
alberta2
Registered User
 
Join Date: Jan 2010
Posts: 126
vCash: 500
Mike Brophy: Kovalchuk, Ovechkin to KHL?

Not sure if this has been posted or not, and my apologies if it has but I just read an interesting article by Mike Brophy at sportsnet.

http://www.sportsnet.ca/hockey/2010/...ovalchuk_ovie/

Could the lure of $20 million a season cause Ilya Kovalchuk to leave the NHL and return home to play in the KHL?

At least one NHL general manager thinks it is possible.

"(Alexander) Medvedev is on a mission," said the GM, who requested anonymity. "He’s paying (Sergei) Fedorov $14 million this season so how much do you think he’d pay to get Kovalchuk? Twenty million a season? That’s what I’ve heard."

Medvedov is the president of the KHL.

Considering players in the KHL do not pay taxes, nor do they pay escrow like they do in the NHL, if this is true then Kovalchuk stands to make a lot more playing in Russian than he could in North America. Not only that, there has been speculation NHL players could face another salary rollback during the next collective bargaining agreement talks.

Kovalchuk, currently 11th in NHL scoring with 26 goals and 50 points in 39 games, is in the midst of contact negotiations with the Atlanta Thrashers and there is all kind of speculation the team will trade him if they cannot get his signature on an extension. It has been reported he is looking for in the neighborhood of $10 million a season for 10 years.

Said one NHL player: "That is impressive. For one year, wow, that's like six-to-seven years here after taxes."

Considering the Thrashers are struggling at the gate, it seems highly unlikely they could pay one player that kind of money – unless, of course, they sign him in order to sell the franchise. There is speculation the owners would like to sell the team and they suspect it is worth more with him than without him.

A number of teams have expressed interest in acquiring Kovalchuk, but they must decide if they first need to get his name on a contract as part of the deal or can they risk taking him as a rental player only to have him leave at the end of the year. It could be costly to a team to trade for him and then have him bolt in the off-season, the way Marian Hossa did after his short stint with Pittsburgh two years ago.

Kovalchuk isn’t the only player in the sights of the KHL. A source told sportsnet.ca Washington’s Alexander Ovechkin is so upset about having to pay 18 per cent of his salary to escrow he is prepared to pondering leaving the Capitals after this season. Sources say Ovechkin expressed his displeasure with having to pay escrow during an NHLPA conference call meant to talk about the direction of the organization.


Personally I think if something like this were to happen, it would be the beginning of the end for multiple franchises across the league. I'm also not sure I believe the part about Ovechkin being upset over taxes, but then again, I'm just a fan. Anyways, Thoughts?

alberta2 is offline   Reply With Quote
Old
01-13-2010, 07:40 PM
  #2
Heat McManus
Registered User
 
Heat McManus's Avatar
 
Join Date: Nov 2003
Location: Alexandria, VA
Country: United States
Posts: 10,407
vCash: 500
Khaaaaaaaaaaaaannn!

Heat McManus is offline   Reply With Quote
Old
01-13-2010, 07:40 PM
  #3
vwg*
Scoring Not Allowed
 
Join Date: Nov 2005
Location: Krasnoyarsk
Country: Russian Federation
Posts: 19,957
vCash: 500
Weren't some teams in the KHL late in paying their players? They can ahead and start paying ridiculous salaries if they want. They will not be able to sustain the health of their league long if they do though.

vwg* is offline   Reply With Quote
Old
01-13-2010, 07:42 PM
  #4
Laus723
#CatsAreComing
 
Laus723's Avatar
 
Join Date: Jan 2006
Location: Boca Raton, FL
Country: United States
Posts: 27,506
vCash: 500
How is the president of the KHL able to throw money at players? That's just weird.

If he wants to throw 14 mil at guys like Federov, then 20 at Kovy, another however much to whomever, I can't see how that League will last. Whatever, go ahead.

Players dream of hoisting the Cup, top talent is still here, guys who can't really cut it have gone overseas. I don't think this will be an issue for a very long time, if it ever is.

__________________
Future now!
Laus723 is offline   Reply With Quote
Old
01-13-2010, 07:42 PM
  #5
ult
Registered User
 
Join Date: Sep 2009
Country: Russian Federation
Posts: 1,739
vCash: 500
Quote:
He’s paying (Sergei) Fedorov $14 million this season
I lol'd. Where did they get this info?
20 mil for Kovy? No way. Even if Medvedev will offer the same amount of money as nhl, Kovy will save about 40% of it on taxes alone.

ult is offline   Reply With Quote
Old
01-13-2010, 07:44 PM
  #6
mrmyheadhurts
Registered Loser
 
mrmyheadhurts's Avatar
 
Join Date: Mar 2007
Location: Vancouver
Country: Canada
Posts: 15,311
vCash: 177
Go for it! I like the idea of an open market. If a player can go over and make 20 million a year it would be hard to begrudge him for it. I just hope my team doesn't draft any Russians for the foreseeable future; not worth the risk.

mrmyheadhurts is offline   Reply With Quote
Old
01-13-2010, 07:45 PM
  #7
Mach 9*
 
Join Date: Jun 2009
Location: New York (not city)
Country: United States
Posts: 3,367
vCash: 500
Yeah, but the KHL has known to screw things up big time, and not pay players the $20 Mil. in US currency, but rather a much lower amount, sometimes up to , and possibly more than 50% less.

Mach 9* is offline   Reply With Quote
Old
01-13-2010, 07:45 PM
  #8
vwg*
Scoring Not Allowed
 
Join Date: Nov 2005
Location: Krasnoyarsk
Country: Russian Federation
Posts: 19,957
vCash: 500
Quote:
Originally Posted by Laus723 View Post
How is the president of the KHL able to throw money at players? That's just weird.

If he wants to throw 14 mil at guys like Federov, then 20 at Kovy, another however much to whomever, I can't see how that League will last. Whatever, go ahead.

Players dream of hoisting the Cup, top talent is still here, guys who can't really cut it have gone overseas. I don't think this will be an issue for a very long time, if it ever is.
Agreed. I will be laughing my ass off if they start giving every good Russian player 10+ million dollar contracts to keep them home only to find out they can't afford to pay them in a few seasons.

vwg* is offline   Reply With Quote
Old
01-13-2010, 07:46 PM
  #9
Laus723
#CatsAreComing
 
Laus723's Avatar
 
Join Date: Jan 2006
Location: Boca Raton, FL
Country: United States
Posts: 27,506
vCash: 500
Quote:
Originally Posted by alberta2 View Post
Personally I think if something like this were to happen, it would be the beginning of the end for multiple franchises across the league. I'm also not sure I believe the part about Ovechkin being upset over taxes, but then again, I'm just a fan. Anyways, Thoughts?
Meh, the NHL survived and did well for decades without Russians, I think they'd do OK without them now. It would suck to not be able to see some of their talent on the ice, but I don't think it'll be detrimental.

Laus723 is offline   Reply With Quote
Old
01-13-2010, 07:47 PM
  #10
SactoShork
SYMSL
 
SactoShork's Avatar
 
Join Date: May 2009
Location: Sacramento
Posts: 10,039
vCash: 3000
I'm loving the irony of Russian millionaires not paying taxes.

SactoShork is offline   Reply With Quote
Old
01-13-2010, 07:48 PM
  #11
Dogkota
Registered User
 
Dogkota's Avatar
 
Join Date: Mar 2009
Posts: 1,529
vCash: 500
Kovalchuk, maybe, but Ovechkin? No way. Salary aside, you think Ovie could make the amount of cash from endorsement deals in Russia that he can in the States? The NHL also offers worldwide renown, which the KHL has shown no signs of being able to replicate.

Dogkota is offline   Reply With Quote
Old
01-13-2010, 07:50 PM
  #12
Tricolore#20
PK PK PK
 
Tricolore#20's Avatar
 
Join Date: Jul 2003
Location: Toronto
Country: Canada
Posts: 8,218
vCash: 500
People scoffing at Russian billionaires should get into the 21st century. These guys are richer than your wildest dreams, and are willing to build up sporting empires.

You simply need to look at Chelsea over the last decade for evidence of that. I think the expansion of the KHL into Europe is one of the means for rich Europeans to reclaim their top players, and given the money that these oligarchs have at their disposal, I think they will find some success amidst the hubris of the NHL.

These Russian oligarchs have also thrown around millions sniffing at basketball players like Lebron James and Kobe Bryant. The difference between hockey and basketball in Russia however is that hockey already has a bit of a foothold and some of the top players in the world are Russian.

Tricolore#20 is offline   Reply With Quote
Old
01-13-2010, 07:57 PM
  #13
backs4mvp
Registered User
 
Join Date: Jan 2008
Location: Burlington, On
Country: Canada
Posts: 3,975
vCash: 500
Quote:
Originally Posted by alberta2 View Post
Personally I think if something like this were to happen, it would be the beginning of the end for multiple franchises across the league. I'm also not sure I believe the part about Ovechkin being upset over taxes, but then again, I'm just a fan. Anyways, Thoughts?
The article says upset about paying Escrow.

9mil salary
18% of 9mil is 1.62mil, his salary is now 7.38mil
Taxes are what, 35-40%?
4.4-4.8mil is his take home salary roughly

Then again he's also making money off advertisements.

backs4mvp is offline   Reply With Quote
Old
01-13-2010, 07:59 PM
  #14
seventieslord
Moderator
 
seventieslord's Avatar
 
Join Date: Mar 2006
Location: Regina, SK
Country: Canada
Posts: 25,546
vCash: 500
Quote:
Originally Posted by Dogkota View Post
Kovalchuk, maybe, but Ovechkin? No way. Salary aside, you think Ovie could make the amount of cash from endorsement deals in Russia that he can in the States? The NHL also offers worldwide renown, which the KHL has shown no signs of being able to replicate.
I think this is something a lot of people fail to consider. This is the best league in the world. You can't build a legacy as an all-time great unless you play the best years of your life here. Ovechkin has a shot at top-10 all-time and Kovalchuk top-50. Even if they go over there and star, and we appropriately credit them for those years, there's no way they reach those heights.

Who needs that much money, anyway?

seventieslord is online now   Reply With Quote
Old
01-13-2010, 07:59 PM
  #15
seventieslord
Moderator
 
seventieslord's Avatar
 
Join Date: Mar 2006
Location: Regina, SK
Country: Canada
Posts: 25,546
vCash: 500
Quote:
Originally Posted by backs4mvp View Post
The article says upset about paying Escrow.

9mil salary
18% of 9mil is 1.62mil, his salary is now 7.38mil
Taxes are what, 35-40%?
4.4-4.8mil is his take home salary roughly

Then again he's also making money off advertisements.
...plus you get your escrow money back, assuming revenues go as projected. That was the point of the partnership.

seventieslord is online now   Reply With Quote
Old
01-13-2010, 08:01 PM
  #16
Tavaresmagicalplay*
 
Join Date: May 2009
Posts: 19,306
vCash: 500
I don't know maybe it's just me but anytime I hear Brophy speak he just seems unintelligent to me. He seems like he has no idea what he's talking about half the time.

That and he's called Shawn Horcoff a number 1 center numerous times. I just don't think the guy is connected with anything or knowledgeable about anything

Tavaresmagicalplay* is offline   Reply With Quote
Old
01-13-2010, 08:01 PM
  #17
Section337
Registered User
 
Join Date: Jul 2007
Location: Edmonton, AB
Posts: 4,310
vCash: 500
I don't get why everybody wants to death knell things with these types of reports. If the KHL team can afford it and Kovalchuk wants to go, good for both of them. As far as the NHL, no team can compete with that type of money for a player, because the CBA would not allow it.

Section337 is offline   Reply With Quote
Old
01-13-2010, 08:02 PM
  #18
Deadbolt401
 
Deadbolt401's Avatar
 
Join Date: Mar 2009
Location: Pittsburgh
Posts: 1,125
vCash: 500
Aww c'mon. No need.

Deadbolt401 is offline   Reply With Quote
Old
01-13-2010, 08:03 PM
  #19
JVR
HeadHitsAreNotIllega
 
JVR's Avatar
 
Join Date: Jul 2002
Country: Germany
Posts: 3,219
vCash: 500
PLEEEEEEAAAAASEEEE...
Just make it stop!

JVR is offline   Reply With Quote
Old
01-13-2010, 08:04 PM
  #20
PeterSidorkiewicz
Original *** allstar
 
PeterSidorkiewicz's Avatar
 
Join Date: Apr 2004
Location: Michigan
Country: Czech_ Republic
Posts: 16,093
vCash: 500
Russians DO pay taxes, its just a flat tax, and its a much cheaper tax rate there than it would be for millionaires who play here. Sorry, just a pet peeve that "they dont pay any taxes," that's completely false, taxes are paid.

PeterSidorkiewicz is online now   Reply With Quote
Old
01-13-2010, 08:07 PM
  #21
Dylonus
Registered User
 
Dylonus's Avatar
 
Join Date: May 2009
Location: Pittsburgh
Country: United States
Posts: 10,642
vCash: 500
I call BS on the ovechkin info.

ovechkin is infatuated with the capitals organization, there's no way he's going to leave.

he pays 18% of his salary back? you mean he pays back 1.9 million per season in escrow??

Dylonus is offline   Reply With Quote
Old
01-13-2010, 08:08 PM
  #22
kdb209
Global Moderator
 
kdb209's Avatar
 
Join Date: Jan 2005
Posts: 12,892
vCash: 500
Quote:
Originally Posted by seventieslord View Post
...plus you get your escrow money back, assuming revenues go as projected. That was the point of the partnership.
Nope.

You get your escrow money back, assuming revenues go as projected (5% HRR growth), AND average team payrolls are at the cap midpoint.

If most teams are over the midpoint and close to the cap, then the players will give back significant $$$'s through escrow, unless HRR growth greatly exceeds the 5% kicker.

kdb209 is online now   Reply With Quote
Old
01-13-2010, 08:08 PM
  #23
MeowLeafs
LM is awesome
 
MeowLeafs's Avatar
 
Join Date: Oct 2008
Location: Baconland
Country: Canada
Posts: 23,902
vCash: 500
Quote:
Originally Posted by Tricolore#20 View Post
People scoffing at Russian billionaires should get into the 21st century. These guys are richer than your wildest dreams, and are willing to build up sporting empires.

You simply need to look at Chelsea over the last decade for evidence of that. I think the expansion of the KHL into Europe is one of the means for rich Europeans to reclaim their top players, and given the money that these oligarchs have at their disposal, I think they will find some success amidst the hubris of the NHL.

These Russian oligarchs have also thrown around millions sniffing at basketball players like Lebron James and Kobe Bryant. The difference between hockey and basketball in Russia however is that hockey already has a bit of a foothold and some of the top players in the world are Russian.
I was going to write something like this. I would not be surprised at all if within the next 10 years we see a boatload of elite players in their primes heading over to the KHL.

MeowLeafs is offline   Reply With Quote
Old
01-13-2010, 08:08 PM
  #24
vwg*
Scoring Not Allowed
 
Join Date: Nov 2005
Location: Krasnoyarsk
Country: Russian Federation
Posts: 19,957
vCash: 500
Quote:
Originally Posted by Tricolore#20 View Post
People scoffing at Russian billionaires should get into the 21st century. These guys are richer than your wildest dreams, and are willing to build up sporting empires.

You simply need to look at Chelsea over the last decade for evidence of that. I think the expansion of the KHL into Europe is one of the means for rich Europeans to reclaim their top players, and given the money that these oligarchs have at their disposal, I think they will find some success amidst the hubris of the NHL.

These Russian oligarchs have also thrown around millions sniffing at basketball players like Lebron James and Kobe Bryant. The difference between hockey and basketball in Russia however is that hockey already has a bit of a foothold and some of the top players in the world are Russian.
You also underestimate billionaires' greed. Are they willing to potentially operate a franchise that loses money every year, like it's a hobby or something? Because that could be a real possibility if they start trying to hand out ridiculous contracts just to keep top Russians at home.

You also can't compare Chelsea and what Abramovich has done there to the KHL. The English Premier league is one of the most followed leagues in the world with a much better financial situation. The KHL is a league in its infancy that mostly only Eastern Europeans watch. It's not really similar at all.

vwg* is offline   Reply With Quote
Old
01-13-2010, 08:09 PM
  #25
Davebo
BeepBeep!
 
Davebo's Avatar
 
Join Date: Aug 2007
Country: Canada
Posts: 9,100
vCash: 500
Quote:
Originally Posted by alberta2 View Post
A source told sportsnet.ca Washington’s Alexander Ovechkin is so upset about having to pay 18 per cent of his salary to escrow he is prepared to pondering leaving the Capitals after this season. Sources say Ovechkin expressed his displeasure with having to pay escrow during an NHLPA conference call meant to talk about the direction of the organization.
What is it with these Russian players and contracts? All they see is a dollar amount when they sign - they don't see things like obligations, rules, and regulations under a cap system.

Honour the damn contract you sign - is that so hard to understand? I have no respect for oath breakers. Let's see what sort of man Ovechkin is...

Davebo is online now   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 01:25 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.