Locked out.
I've run out of fingers and toes counting the days and now I'm running out of patience.
I'm not going to lie to you: I'm 100% in the NHL's corner on this labor dispute. It is a fairly simple question. How much money will the NHL players take out of the revenue pot. That pot, even by the NHL Players' Association's admission, has grown substantially over the last 10 years. So there really isn't a problem with the NHL's health.
Where there is a problem is in where the money goes. The NHL hired the former Chairman of the US SEC to do an audit and he found that around 75% of those revenues go to the players. I don't know what company you work for, but I guarantee you that your take is nowhere near 75%. The Players Association can bitch that the owners are hiding money, and they might be, but every independent person who has looked over their books has said that if they are hiding anything, it's not significant (I'll put those links up later - I'm too damn frustrated right now).
The union can't seem to get it through their heads that no guy with a lot of money, or a bank, or a fund, or you or me is going to invest MILLIONS in a business that promises no return and is a depreciating asset. I mean, if you can't get cash flow and you can't get something that's worth more tomorrow than it is today, why the hell would you want to invest?
Check out this article which does a decent job of laying out the situation. The PA guy keeps talking about a free market. Right. Not as long as there is arbitration. Not as long as you scream collusion every time the owners actually DO try and rein in the salaries. Not as long as there are qualifying offers. That's crap.
I'd tell them all to shut up but that's what they're doing now. They've shut up. And that sucks.
I've run out of fingers and toes counting the days and now I'm running out of patience.
I'm not going to lie to you: I'm 100% in the NHL's corner on this labor dispute. It is a fairly simple question. How much money will the NHL players take out of the revenue pot. That pot, even by the NHL Players' Association's admission, has grown substantially over the last 10 years. So there really isn't a problem with the NHL's health.
Where there is a problem is in where the money goes. The NHL hired the former Chairman of the US SEC to do an audit and he found that around 75% of those revenues go to the players. I don't know what company you work for, but I guarantee you that your take is nowhere near 75%. The Players Association can bitch that the owners are hiding money, and they might be, but every independent person who has looked over their books has said that if they are hiding anything, it's not significant (I'll put those links up later - I'm too damn frustrated right now).
The union can't seem to get it through their heads that no guy with a lot of money, or a bank, or a fund, or you or me is going to invest MILLIONS in a business that promises no return and is a depreciating asset. I mean, if you can't get cash flow and you can't get something that's worth more tomorrow than it is today, why the hell would you want to invest?
Check out this article which does a decent job of laying out the situation. The PA guy keeps talking about a free market. Right. Not as long as there is arbitration. Not as long as you scream collusion every time the owners actually DO try and rein in the salaries. Not as long as there are qualifying offers. That's crap.
I'd tell them all to shut up but that's what they're doing now. They've shut up. And that sucks.
posted by DaCommish at 9:08 a.m.
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