Falling Cap Solution

Saturday, March 21, 2009

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

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

A Piece of the Action (1977)

Saturday, March 7, 2009 A Piece of the Action. Feature film. (1977, 135 mins) IMDB ... Who would you have over for dinner? Sidney Poitier or Bill Cosby. ... A PIECE OF THE ACTION is the third film starring Bill Cosby and Sidney Poitier. Poitier also directed the films. (And yes, I would be fascinating to have both them sitting around a table for dinner.) We're in Chicago and I love the setup for this film. It's clever, fun and interesting. It starts during the dark of night. Crosby is a cat burglar robbing a vault in a bank. He's by himself, all the tools he needs, and doesn't speak a word of dialogue for at least the first twenty minutes of the film. It must have been killing him. His robbery goes off successfully. (It includes a jump from a six or seven story window. There was a similar scene in their earlier films.) When the cops arrive during the daylight, they haven't a clue and we catch a glimpse of James Earl Jones as a detect...

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...

No Reservations (2007)

Saturday, May 2, 2009 No Reservations. Feature film. (2007, 104 mins) IMDB ... I so much wanted to like this film but couldn't ... T his film had two things I like a great deal: romance and cooking, but they didn't come together for me in this film. I think I know why. The female lead doesn't strike me as a romantic leading lady. That's just me. I also found the story line stale and uninteresting. Our hero lives in NYC working at a fine dining restaurant where she is the chef and dictator. Everything about her life is about cooking. Nothing else seems to matter. No children. No relationships. Then her life is kicked apart. Her sister and niece travel to visit her but before they arrive, there's an accident. The mother dies and little Zoe has to live with her aunt. Our hero struggles to include a new person into her life but what follows is so predictable as to be boring. To add even more complications to our hero's life, her sous...

James Piper, Author

Search This Blog