Nov 16, 2012, 8:15 PM EDT
The NHL wants a 50/50 split of hockey-related revenues and it doesn’t believe the players are even close to giving them that, based on a series of NHL charts obtained by the Star Tribune’s Michael Russo.
Part of the problem from the league’s perspective is that the union wants a “guaranteed” player share of $1.916 billion in 2012-13, which doesn’t account for lost revenues as a result of the lockout. By the NHL’s model, if the league’s revenues shrink by 17.5% in a lockout shortened 2012-13 season, then the players would end up with 70.3% of HRR.
“The issue of how you deal with damage from the lockout is a tough one, particularly since it is impossible to know the extent of the damage,” NHLPA special counsel Steve Fehr told Russo.
“What we have suggested to the owners several times is that we put aside that issue for the moment and concentrate upon the overall structure of the deal. If we do that, based upon the last proposals from each side, we think the parties are much closer than they have ever been on the economics. If we could bridge that gap, then we could come back quickly to the lockout damage issue.
“For whatever reason, the owners have declined to do that, and seem to be intent on portraying the parties as further apart than we think we are.”
The NHL also doesn’t feel that the union’s proposal will result in a 50/50 split by Year 5. In fact, if 50/50 is the goal, then two NHL models have the players and owners over $1 billion apart over the course of the next five seasons.
The NHL’s models anticipate that the league will grow by 2.5% in 2013-14, compared to the record $3.3 billion that the NHL raked in last season. From there, the NHL anticipates annual growth of 5%.
Every day that passes takes money out of the potential pie that the NHL and union have to split from, which might make a deal that much harder.
Aug 27, 2014, 6:10 PM EDT
He hasn’t played for them since 2007.
Aug 27, 2014, 4:55 PM EDT
It’s a two-way deal.
Aug 27, 2014, 3:47 PM EDT
Mr. Hockey still reigns supreme in Detroit.
Aug 27, 2014, 2:24 PM EDT
“I haven’t heard that.”
Aug 27, 2014, 1:28 PM EDT
“We haven’t defined a process and certainly no decisions have been made.”
Aug 27, 2014, 1:11 PM EDT
Needs to bounce back after last year’s disappointing campaign.
Aug 27, 2014, 12:31 PM EDT
Finished second in the NHL among forwards last year, with 87.
Aug 27, 2014, 11:39 AM EDT
Former Quebec league sniper is gunning for a gig in Detroit.
Aug 27, 2014, 10:57 AM EDT
Former Tampa Bay forward was bought out of his contract earlier this summer, following legal troubles.
Aug 27, 2014, 10:04 AM EDT
The Red Wings are rebuilding on the fly, but are they assembling a future Cup contender?
Aug 27, 2014, 9:00 AM EDT
He’ll enter the second season of his seven-year, $36.75 million contract.
Aug 27, 2014, 8:00 AM EDT
They have made it to the playoffs for 23 straight seasons.
Aug 26, 2014, 10:51 PM EDT
He’s the former face of the franchise.
Aug 26, 2014, 9:57 PM EDT
A recent report has added new fuel to the speculation on that subject.
Aug 26, 2014, 8:30 PM EDT
Dupuis and Hornqvist are two of the main options.
Aug 26, 2014, 7:23 PM EDT
Will they go another season without one?
Aug 26, 2014, 6:11 PM EDT
He’s going into the final season of his bridge contract.
Aug 26, 2014, 5:05 PM EDT
He’s looking to build off of his breakout campaign.
Aug 26, 2014, 3:56 PM EDT
The restricted free agent is likely to get a one or two-year deal.
Aug 26, 2014, 2:49 PM EDT
Injuries prevented him from doing much in the first season of his seven-year, $37.1 million deal.
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