NHL Teams Lose a Combined $273 Mill

[Canadian Tool]

Levitt Report

This was done by an independent accountant, not the league accountants. I read a similar article in the Hockey News a few months ago, in it they had some pie graphics and whatnot explaining where all of the revenue was going. The numbers were pretty close to what this report indicates. It should also be noted that 4-5 teams have openly brought players into a board room and opened the books for them to see, Calgary being the one I've heard the most about.

You can see for yourself the increase in player salary over the past ten years. What's not in the report is the change in the percentage of revenue that now goes to player costs. That number went from 52% in 1993 to 75% presently.

I don't care if your running a professional sports franchise, or if your running Peter's Pizza parlour. You just can't run a succesful business when your spending 75% of your total revenue on employees. The remaining 25% just isn't enough to operate other ends of your business, nevermind even thinking about making a profit. And I believe the owners should be entitled to a profit. A 60-40 split is more than fair imo.

[Topper Harley]

fuck hockey. However the same thing is going to happen to all professional sports eventually. There is no reason for athletes to get paid that much money. there is only so much the ticket prices can be raised.

[TheDude]

Id rather watch hockey then the fricken PGA. Or even worse the Senior PGA. Old men and their colostomy bags swinging golf clubs as they pop viagra. You want to talk about people being overpaid, these old misers get millions of dollars to hit a golf ball and have their caddy's drive them around to go chase it.

[Topper Harley]

there are no cart's in the pga. but at least they don't work under a contract. they get paid by how well they perform.

[madmick]

Happy Gilmore owns on the golf course.

[TheDude]

Originally posted by Topper Harley
there are no cart's in the pga. but at least they don't work under a contract. they get paid by how well they perform.

details... details!! I still say golf isn't a sport.

[JimmyBlueEyes]

Salary Cap of $15 million across the board. Will save a lot of trouble. Wishful thinking I know but when is enough enough?? Guys that really don't deserve the money are getting it by the bucketload...Hell if I were playing I would probably take no more than $2 mil a year and be happy with that. Play till I couldn't anymore and put a lot of it away for vacations and good schooling for the kids.

[JJ]

id play for less than that Jimmy. I say give me $1 million and im happy.

[Canadian Tool]

Originally posted by JimmyBlueEyes
Salary Cap of $15 million across the board. Will save a lot of trouble. Wishful thinking I know

Your right, thats really wishful thinking and it isn't going to happen. No way players will accept paycuts of up to 3 million a season. Nor should they.

I think a 30-40 Million dollar cap is probably a little more realistic. But if they do something like that, along with revenue sharing, which this league is in dire need of having - it has to be a min/max cap. If you want teams to share revenue, the smaller market owners cannot be allowed to be cheap fucking pricks and pocket the revenue sharing for profit.

[The Brain]

Originally posted by JimmyBlueEyes
Hell if I were playing I would probably take no more than $2 mil a year and be happy with that. Play till I couldn't anymore and put a lot of it away for vacations and good schooling for the kids.

<i>Originally posted by JJ</i>
id play for less than that Jimmy. I say give me $1 million and im happy.

Wow... spoken like two people <i>not</i> making multi-million dollar salaries.

Just for shits and giggles, let's say you were both making the salaries you listed above. Now, if another team wanted to pay $3 million (or more) for your services, you would turn them down out of the goodness of your hearts, and out of sense for team loyalty, right?

And if you won $100 million in a Powerball lottery, you'd only keep about $5 million to "live comfortably", and give the rest away to charity, huh?

Boy, you two should join the clergy... they need a couple of saints right about now. :tongue: