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ESPN: Teams that are helped/hurt by the new salary cap proposal

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Old 06-30-2011, 07:31 PM   #11
Dirtbag59
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Re: ESPN: Teams that are helped/hurt by the new salary cap proposal

Now the owners are messing things up.
Quote:
Player sources reaffirmed a setback in talks occurred when owners last week went "retro" on the formula that will divide the estimated $9.3 billion in annual revenue. The players believed the two sides had reached an understanding on a simplified formula in which they would receive 48 percent of revenue, sources say owners reintroduced their previous formula by asking for $400 million to $500 million in expenses as credit off the top.

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Players calculate that under the owners' proposal, it would leave them with approximately with a 45 percent take on revenue, an "unacceptable" amount that one player source said "sets us back to March 11 ... before the lockout."
Greedy bastards. 45%? When the NHL pays 53% with guranteed contracts? They're lucky they got 48%. And whats the chance that concession prices and ticket prices continue to increase with this 45% share? Screw the owners.
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