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.
Jul 30, 2014, 12:17 PM EDT
Arbitration hearing is scheduled for Thursday.
Jul 30, 2014, 11:28 AM EDT
After not giving him a qualifying offer.
Jul 30, 2014, 11:12 AM EDT
That’s Lacroix, when he was an assistant for Tampa Bay.
Jul 30, 2014, 10:44 AM EDT
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Jul 30, 2014, 10:30 AM EDT
Jul 30, 2014, 10:10 AM EDT
Will this all get settled before Friday’s hearing?
Jul 30, 2014, 9:00 AM EDT
Tell us how you really feel, Brad.
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Kings captain meets Rangers fan. Hi-jinx ensue.
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Jul 29, 2014, 9:02 PM EDT
Now battling Bon Jovi and Donald Trump!
Jul 29, 2014, 8:00 PM EDT
“This has been a difficult decision for Kevin.”
Jul 29, 2014, 7:01 PM EDT
After a year away from the game.
Jul 29, 2014, 6:04 PM EDT
Pretty nice pay bump for the 24-year-old rearguard.
Jul 29, 2014, 5:25 PM EDT
6-foot-8, 250-pounder was a first-round pick in 2005.
Jul 29, 2014, 4:26 PM EDT
Hall of Famer will work as an assistant under Ted Nolan.
Jul 29, 2014, 3:28 PM EDT
Fare thee well, Sammi.
Jul 29, 2014, 2:17 PM EDT
Low-risk signing, with good potential upside.
Jul 29, 2014, 1:33 PM EDT
“When you do have a little more responsibility, you want to take your lunch pail and get ready to work.”
Jul 29, 2014, 12:36 PM EDT
Had 13 goals and eight assists in 2013-14, his rookie season in the NHL.
Jul 29, 2014, 12:01 PM EDT
IIHF Disciplinary Board levies punishment for “very forceful check.”
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