pittmike wrote:
I think nothing is wrong. The cap is the cap. Deal with it no matter how it affects my team. That is why it is there. Of course the Canadian dollar sucks but oh well.
"Oh well"? The national contract with Rogers is huge for the league, and the regional TSN deals for the Canadiens, Jets, and Senators are huge as well. That contract value is disappearing into thin air. That's going to have ramifications. You're off your rocker if you think nothing is wrong.
FrankDrebin wrote:
How about adopting a semi-NFL standard where only a certain amount of the money is guaranteed (signing bonus)? I'm sure the union would have a big problem with this but there has to be a way to get around the cap relying on the value of the Canadian dollar.
A big problem? Yeah, we'd lose another full season.
There will have to be compliance buyouts if the cap drops this much. There will be nowhere to put the money. Teams like the Coyotes and Panthers are carrying retired players' contracts (Pronger and Marc Savard, respectively) to reach the salary floor with minimal expenses because that's all they can afford to do.
The league should not rely this much on the Canadian dollar, but it does, because it relies this much on Canadian teams. The league had a grand plan for a full national footprint in the United States, but they fucked it up at numerous turns: they ruined Phoenix from day one by forcing the Jets on them with no adequate arena followed by one that no one could be arsed to drive to. Atlanta was allowed to fall into the hands of ownership that didn't want hockey and evicted its own team. Raleigh has been a dud as befitting a mid-sized New South town that already has three semi-pro basketball teams. Denver has been under half-assed caretaker ownership for about the last ten years; Kroenke gives zero fucks about the Nuggets and less than zero about the Avs. Miami/Ft. Lauderdale was in such neglect that the telecasts did worse than infomercials. Columbus and Nashville continue on only with huge tax subsidies. And through all this, tiny little Ottawa, which isn't even
that good of a hockey market, is near the top of the league with $33MM a year for their TV rights. Ottawa has to do the heavy lifting that much bigger American cities can't. That's cool, in a sense, but untenable with a currency as fragile as the CAD, because now this happens.
It was one thing when the USD dropped and Canada had to pull the rest of the NHL up. Now it's our turn and they're still made to pull the rest of the NHL up.
_________________
Molly Lambert wrote:
The future holds the possibility to be great or terrible, and since it has not yet occurred it remains simultaneously both.