OldTimeHockey said:
cw said:
But the players "won" in that they still have a NHL to play in because the system they had was not financially sustainable. And all of the players who appeared in the NHL between 2006 and 2012 made more money under that deal than half the NHL teams they played for. And their salaries have risen decently from a $39 mil cap to maybe a $60-70 mil cap.
Is it not true though, that the NHL owners had the opportunity to lock in a hard cap at 46.5 million in '05, yet insisted on getting to the 43 million starting point. In order to get there, the owners agreed to the fluctuating cap based on revenues.
So at the time, that cap was viewed as a loss for the players as I don't think the NHL, the NHLPA or the media thought that revenues would grow to the point of almost doubling that cap ceiling.
I'm not absolutely sure. I don't recall that.
The first cap in '05-06 was $39 mil which maybe throws a wrench into the $43 mil number you cite - and the $46 mil number because that would represent about 63% of revenues out the gate when the league needed help the most.
As well, what the cap is doesn't matter a heck of a lot. It could have been $1 and not made a difference to the players because the players are paid based on league revenues and the salaries prorated from that.
The Bettman theme of "cost certainty" from those negotiations was consistently sought after and they seemed intent on tying that to revenue very early on so that it would be fair and certain for both parties as revenues went up (or down). I think they were at 76% of revenues wanting 24% off that and settled for 22% off that - something like that.