scott231 said:
there is a serious problem in the NHL.
In a way... the problem started with the aftermath of Bobby Hull, and carried over (and compounded) with the aftermath of Wayne Gretzky.
In 1972, when the WHA was struggling to establish itself, Bobby Hull was signed to the then-unheard of salary of $1 million.
It made sense to sign Hull to that kind of a deal, because Hull 'bought' the WHA instant credibility.
What didn't make sense was players, afterwards, arguing that
'Bobby Hull scored 60 goals last season... and I scored 30 goals last season... ergo I should be making $500,000"
Ummm... nooo... Bobby Hull brought the WHA instant credibility and sold them thousands of tickets for no-name franchises. YOU only scored 30 goals and no one really knows who you are. Your presense doesn't lead to any dramatic increase in business... ergo... you aren't worth that much money.
But some NHL owners failed to appreciate that difference... and the salary escalation took off (and it made no sense.)
This situation repeated itself with the Wayne Gretzky trade.
Bruce McNall paid the unheard of fee of $15 million dollars for Gretzky and gave Gretzky an outrageous salary of $6 million/year to play hockey.
McNall argued it was economically worth it, and that Gretzky was a bargain at that price.
And he was right.
Immediately after purchasing Gretzky, LA's season ticket sales went from 3,000 to 17,000 - a sell out (McNall re-couped all his money right there).
Then... the LA Kings signed a cable deal to televise all their home games for $10 million a season for five years (they had none previous)... that's $50 Million extra from Gretzky's presence.
Then there was the extra revenue from souveniers, jerseys, parking, concessions, etc.
Gretzky was a financial bargain at
TWICE the price.
The problem is what the owners fell for afterwards.
If Gretzky got 150 points last year... and Joe Schmo got 50 points... is Joe Schmo worth one third of the $6 million per season Gretzky is making ($2 million)?
Absolutely not! Because Joe Schmo's presence on a team doesn't generate the kind of business (and revenue) that Gretzky's presence (at that time and place) did.
But the owners fell for that argument... and they are now trapped in that never ending upward spiral.
Joe Shmuck made 10 million last year, I put up similar numbers, I'm also worth 10 million.
It is a flawed, flawed argument.
But if one team doesn't pay it, another might... cause if they can win it all, it suddenly becomes worth it.
And now... to get themselves out of the mess they themselves created, they want the players to sign a contract that would keep some of their owners from stupidly falling for that argument over and over again.
And the player's will never go for it.
There is a serious problem in the NHL... and the way to solve does not lie in getting the players union to sign a contract that handcuffs rouge owners who stupidly fall for this line of logic at contract time.
It is going to be a long strike... and it may take the creation of a serious rival league to end it.