Nov 4, 2013, 3:31 PM EDT
Under the current CBA, NHL players are supposed to receive 50 percent of hockey-related revenues, with the owners getting the other half. Occasionally, however, the two sides can’t agree how to add up the revenue. Such is the case, apparently, when it comes to the New York Islanders and their cable TV deal.
When Charles Wang bought the Islanders in 2000 for $187 million, $30 million of the purchase price was allocated to the team’s lucrative cable television contract, which belongs to MSG. The disagreement between the Islanders and the NHLPA is how the amortization (non-cash expense) should be treated when counting the team’s revenue for purposes of calculating the league’s salary cap. This season players are entitled to 50% of hockey-related revenue, according to the collective bargaining agreement between the players and owners that took effect last season.
Based the CBA, the Islanders claim they should be allowed to reduce their annual revenue by the amount of the annual amortization of the cable contract (a few million dollars a year). The NHLPA believes the Islanders should not be able to lower their revenue–and thus the amount of revenue that the players are entitled to–with a paper expense because the team is getting the full amount of the cable fee (over $20 million this season).
Again, this happens from time to time. For example, with the $25 million payment the Phoenix Coyotes received from the City of Glendale during the 2010-11 season. The union wanted that counted as HRR; the NHL didn’t. That dispute went to arbitration, according to the Globe and Mail.
As for this case, sources tell Forbes the Isles are likely to prevail.
We’re sure you can’t wait to find out for real.
Sep 2, 2015, 11:30 PM EDT
Bakersfield and Stockton will play in West Sacramento, Calif. on Dec. 18.
Sep 2, 2015, 10:00 PM EDT
As many as five teams are reportedly interested in acquiring the 26-year-old.
Sep 2, 2015, 8:45 PM EDT
He was expecting a two or three year contract.
Sep 2, 2015, 5:00 PM EDT
The 26-year-old refuted an Ilta-Sanomat story.
Sep 2, 2015, 3:35 PM EDT
The 23-year-old appeared in 38 games with Chicago last season.
Sep 2, 2015, 1:57 PM EDT
“I’m a realist. If nothing happens, that’s the way it is.”
Sep 2, 2015, 12:34 PM EDT
Can he beat out Cam Talbot and Ben Scrivens?
Sep 2, 2015, 12:05 PM EDT
“I know that it’s not just me that feels I can be a lot better and be the player that I know I’m going to be and I want to be.”
Sep 2, 2015, 11:47 AM EDT
Another diamond in the rough?
Sep 2, 2015, 10:59 AM EDT
He also wanted them to get swept in the opening playoff round against Nashville, apparently.
Sep 2, 2015, 9:54 AM EDT
After missing most of last season with a back injury.
Sep 2, 2015, 9:00 AM EDT
It will be raised before the home opener on Oct. 10.
Sep 2, 2015, 8:00 AM EDT
Wednesday’s collection of links.
Sep 1, 2015, 10:11 PM EDT
They were near the bottom of the league in that regard last season.
Sep 1, 2015, 9:03 PM EDT
“The way he offered his house to me shows what kind of person he is.”
Sep 1, 2015, 7:33 PM EDT
They had strong attendance numbers last season too.
Sep 1, 2015, 6:04 PM EDT
The Blues have a vacancy with Patrik Berglund out for at least four months.
Sep 1, 2015, 5:05 PM EDT
A few players have leapfrogged Steven Stamkos.
Sep 1, 2015, 3:35 PM EDT
He played through the injury in 2014-15.
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- Hawks’ biggest question: What happens with Patrick Kane? 81
- Hall of Famer Al Arbour passes away 22
- Poll: Who will be San Jose’s next captain? 24
- Mike Richards charged with possession of controlled substance 95
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- O, Dear: Russia fined $85K for skipping Canadian anthem 31
- Kings ink Ehrhoff to a one-year, $1.5 million deal 27
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- Mike Richards charged with possession of controlled substance (95)
- Hawks’ biggest question: What happens with Patrick Kane? (81)
- Lucic jokes about running through Rask ‘like I did (to) another goalie’ (42)
- It’s Chicago Blackhawks day at PHT (39)