Skip to main content

Falling Cap Solution

...NHL GMs in a jam of falling cap...

T

he NHL works under a cap system--all teams are limited in the total amount they can pay their players. The cap number is based on league revenues which come from three sources: gate receipts, media rights and licensing. With the downturn in the economy, the revenues for the 2009-10 season will surely fall and with it the cap number. It may even fall in the year after that.

Current player contracts were signed with the notion of an ever increasing cap number. It would be possible therefore for a team to have a roster in place that is at or under the cap for this year, but be over next year.

Then there is the issue of signing free agents in the summer. Teams usually spend big dollars on free agents. Teams could be a position where they sign a player or two and are left with no cap room.

The solution? Sign the free agents to a contract where the player gets a percentage of the cap instead of a flat amount. If the cap goes down, the salary goes down and the team is protected. In fact, all player contracts would be a percentage of the cap.

Why is no one talking about this approach? It makes sense to me.

Posted 2009/03/21 at 08h05ET in Hockey.

Comments

Popular posts from this blog

If Only We Could Agree

Monday, June 11, 2012 ... have you been accused of misspelling a word you know is correct ... S usanne O’Leary wrote an interesting article on her experience with the variations of the English language in different countries. You know the obvious ones like colour with or without a “u” but less obvious ones like travelled versus traveled. Growing up in Sweden she learnt English in school—the UK variation. In publishing her books, she read reviews where she was criticized for improper spelling. False accusations as it turns out. While I write tire and cozy, it’s not incorrect to write tyre or cosy. Same language. Both accepted. Just different. You can read her write-up here along with the numerous comments posted by readers. I found it interesting, but that’s me. As a Canadian I deal with this issue everyday. I feel her pain when she’s criticized for something based on ignorance. No fun. I was told by a boss that “data are” isn’t correct. It should be “data is.” Read...

Day 109: Writing a Novel—The Deep Blue Hold

Sunday, March 6, 2017 Note: Unedited writings from my notebook for this novel. Square bracket items represent added comments. At 18:47 Office ... I barely remembered anything about this story ... H as it really been three months? I guess it has. I put it out of my mind [so much so] that I barely remembered anything about this story. Not even the title. [Unreal!!!!!!] I had the general premise and an ending—enough I thought for a novel. What I lacked was a determination and desire to want to write it. Why bother… I wasn’t enjoying the process and I had no reason to believe the result wouldn’t be anything more than what’s gone before—nothing. James Piper Kitchener, Ontario Post comments on facebook page. Follow me on twitter. Posted 2017/04/14 at 14h02ET in The Deep Blue Cage | Writing A Novel

Words: BONE—GONE—LOAN—BOAN

Friday, March 31, 2017 You’d think BONE would rhyme with GONE but no. This is the English language after all. But BONE does rhyme with LOAN so we’ll spell it BOAN. It will take some time to update all the existing writings but it can be done. Meanwhile, if you smash up your car, the insurance company will allow you to get a LOANER and if you happen to meet the right person you may get a BOANER. boan Post comments on facebook page Posted 2017/03/31 at 17h28ET in Words .