No fans going to the games and neutral sites , there will be no revenue.

Very little merch will be sold . Where are you getting the money to pay for current contracts.

Just an example : Pick any owner and tell him this year he has to pay 70-80 mil in salaries and another 100 million in other costs to make 150 million .
- VANTEL

Yeah, I get it. What I’m saying is that the player’s salary in theory would be $80m, but because revenue is “half” of what is normal, only $40m gets paid. As an example.

All I’m saying is that calling someone a “communist” is supposed to be some kind of insult, like calling someone gay (was in the past, and still is really when you think about people). And you’re right, those policies won’t work with humans, at least not as we are today, because we’re basically evil. Once the animals take over the planet, it will work much better.
- 1970vintage

The Animal Kingdom is about the least form of Communism their is.
The Parliamentary system with the welfare state, such as UK, and Canada is about the best system there is. However there a major warts...
-Not enough say for the electorate in choosing the PM.
-Internal corruption within Government.
-Today's society that want it all now, and do nothing for it.
-WASTE!
I'm a social Liberal when it comes to most things. Abortion, Sexual Orientation, etc.
do whatever you want, don't care.
Fiscally Conservative though. don't waste my money, keep the country working, we can't pay for our extremely high standard of living with just promises of "Sunny Ways", "Budgets balance themselves" and credit cards.

here's the issue that i'm unclear about: broadcasting revenue.

even if the money has been paid out, will the league have to pay back a proportion of the money due to not providing the service? since approximately 1/5 of the games (i'm including playoffs) won't be available for broadcast, will the league have to return money since they did not provide the content.

in that scenario, the league will absolutely want to play.

that's why i've been confident that they'll find a way to play this season out.
- RealityChecker

Yeah, good question. But I can’t see broadcasters getting money back.

You bought a fitness club membership, did they give you a refund? Bus pass? You have GC’s to a restaurant and wanted to go for your birthday.

The broadcaster will get their games, at some point. So yes, it could cut into future revenues.

here's the issue that i'm unclear about: broadcasting revenue.

even if the money has been paid out, will the league have to pay back a proportion of the money due to not providing the service? since approximately 1/5 of the games (i'm including playoffs) won't be available for broadcast, will the league have to return money since they did not provide the content.

in that scenario, the league will absolutely want to play.

that's why i've been confident that they'll find a way to play this season out.
- RealityChecker

They will try their best to finish the season for remaining TV revenue and to keep the image of the league alive. But going forward, how can there not be a reset when there will be drastically lower hockey related revenue coming in?

Yeah, I get it. What I’m saying is that the player’s salary in theory would be $80m, but because revenue is “half” of what is normal, only $40m gets paid. As an example.
- 1970vintage

I knew what you were getting at but don't the players have the power to increase escrow or something?

I am lost when it comes to escrow.

Yeah, good question. But I can’t see broadcasters getting money back.

You bought a fitness club membership, did they give you a refund? Bus pass? You have GC’s to a restaurant and wanted to go for your birthday.

The broadcaster will get their games, at some point. So yes, it could cut into future revenues.
- 1970vintage

in those scenarios, consumers could have legal recourse to get their money back. just because you weren't given a refund doesn't mean that you weren't entitled to one. if the amount of money was worth the hassle, enough people would challenge it.

and you're probably correct about "broadcaster will get their games, at some point." from my limited understanding of tv/radio, where advertisers don't get their ads due to whatever reason, they're given "do-rights" or some future free time.

so if that's the case with the NHL, they'd still want to play this year so they don't have to undercut their future years' earnings.

SN signed a 12 year deal in 2014 that pays 3.2 billion per year

NBC pay 200 mil per year contract expires 2021

in those scenarios, consumers could have legal recourse to get their money back. just because you weren't given a refund doesn't mean that you weren't entitled to one. if the amount of money was worth the hassle, enough people would challenge it.

and you're probably correct about "broadcaster will get their games, at some point." from my limited understanding of tv/radio, where advertisers don't get their ads due to whatever reason, they're given "do-rights" or some future free time.

so if that's the case with the NHL, they'd still want to play this year so they don't have to undercut their future years' earnings.
- RealityChecker

AHLTV has not given me a refund for the balance of the season. Their response was the season has not been cancelled

Patrick Johnson tweeted this morning" If you quietly ask Canucks for a refund for the remainder of the season I heard they are giving them back"

They will try their best to finish the season for remaining TV revenue and to keep the image of the league alive. But going forward, how can there not be a reset when there will be drastically lower hockey related revenue coming in?
- carsonagenic

i agree there's definitely going to be a reset. when that happens is what we're discussing.

the CBA expires in 2 seasons so will they do it then because they want to see the long term ramifications of what's going on? or will they want to do it quicker?

initially i thought they would do it this offseason but from what's coming out of the league, i think they want to mitigate the damage as much as they can this summer and then re-evaluate going forward.

I knew what you were getting at but don't the players have the power to increase escrow or something?

I am lost when it comes to escrow.
- VANTEL

Isn't escrow in theory " I will pay you now, but you better not spend it all because chances are I will want some back"? If so, that is a credit card waiting to be racked up.
You need a small escrow to guarantee a float to balance the books at the end of the season. But a case like this where revenue could be slashed what, 20% to 50% going forward, that would not work.

AHLTV has not given me a refund for the balance of the season. Their response was the season has not been cancelled
- VANTEL

that makes sense. they don't want to deal with any potential refunds or a free half-season next year until they absolutely have to.


as a total aside: Wimbledon paid for "Pandemic Insurance" for the last 17 years at $2m per year. That totals $34m. They collected approximately $150m this year due to the cancellation of this year's Wimbledon. Prudent fcuking Brits.

Isn't escrow in theory " I will pay you now, but you better not spend it all because chances are I will want some back"? If so, that is a credit card waiting to be racked up.
You need a small escrow to guarantee a float to balance the books at the end of the season. But a case like this where revenue could be slashed what, 20% to 50% going forward, that would not work.
- carsonagenic

I honestly know nothing at all about escrow. I am definitely not the person to ask.

that makes sense. they don't want to deal with any potential refunds or a free half-season next year until they absolutely have to.


as a total aside: Wimbledon paid for "Pandemic Insurance" for the last 17 years at $2m per year. That totals $34m. They collected approximately $150m this year due to the cancellation of this year's Wimbledon. Prudent fcuking Brits.
- RealityChecker

Holy

I honestly know nothing at all about escrow. I am definitely not the person to ask.
- VANTEL

You are old enough...Think "Rainy Day Fund" or "Savings Account"

Holy
- VANTEL

Wow. Smart planning if you can afford it. I hate paying insurance unless it is mandatory, better the money in my pocket.

SN signed a 12 year deal in 2014 that pays 3.2 billion per year

NBC pay 200 mil per year contract expires 2021
- VANTEL

Yet we still have to buy the centre ice package to watch all the CDM teams play...what a f*ucking joke. After that deal all CDN teams NHL games should have been broadcast on regular cable country-wide. F*Ucking cable companies lol

You are old enough...Think "Rainy Day Fund" or "Savings Account"
- carsonagenic

I have two Asian ladies renting out my back rooms by the hour for massage ,I don't need a Rainy Day Fund.

It pays for my Safeway Roses for the wife and my golf course fees so we are good

Isn't escrow in theory " I will pay you now, but you better not spend it all because chances are I will want some back"? If so, that is a credit card waiting to be racked up.
You need a small escrow to guarantee a float to balance the books at the end of the season. But a case like this where revenue could be slashed what, 20% to 50% going forward, that would not work.
- carsonagenic

escrow is just an agreed upon amount that's held in trust until the contract is completed and the terms are actualized. just because it's 15% approximately doesn't mean that it's the total amount owing at the end of the season. it's just a rough estimate as to how much will be paid back to the league.

if the league's revenues are higher than expected, the league disburses the money back to the players. if the revenues are lower, the players have to cut checks.

escrow allows the players to withhold money each paycheck so they don't have to cut a check at the end of the season. the split is 50-50 so even if escrow was zero, it doesn't mean that players or league are entitled to keep all their collected money.

Yet we still have to buy the centre ice package to watch all the CDM teams play...what a f*ucking joke. After that deal all CDN teams NHL games should have been broadcast on regular cable country-wide. F*Ucking cable companies lol
- LordHumungous

which is why it was dumb for the league to include digital rights in their deal with NBC.

they should be doing their own subscription service. that's the best way going forward. so many different ways to package digital content to consumers.

Yet we still have to buy the centre ice package to watch all the CDM teams play...what a f*ucking joke. After that deal all CDN teams NHL games should have been broadcast on regular cable country-wide. F*Ucking cable companies lol
- LordHumungous

i agree there's definitely going to be a reset. when that happens is what we're discussing.

the CBA expires in 2 seasons so will they do it then because they want to see the long term ramifications of what's going on? or will they want to do it quicker?

initially i thought they would do it this offseason but from what's coming out of the league, i think they want to mitigate the damage as much as they can this summer and then re-evaluate going forward.
- RealityChecker

You would think that there would be a Force Majeure clause in the CBA to open it up. I would think most contracts or insurance policies have one. It would be in both parties interest to save the "Golden Goose" that a pro sport is, and face the finances immediately. If Covid has taught use anything, better to be honest, and up front with things to avoid contagion, viral or financial.

I have two Asian ladies renting out my back rooms by the hour for massage ,I don't need a Rainy Day Fund.

It pays for my Safeway Roses for the wife and my golf course fees so we are good
- VANTEL

Covid massage?
Your "fund" must be dwindling.

You would think that there would be a Force Majeure clause in the CBA to open it up. I would think most contracts or insurance policies have one. It would be in both parties interest to save the "Golden Goose" that a pro sport is, and face the finances immediately. If Covid has taught use anything, better to be honest, and up front with things to avoid contagion, viral or financial.
- carsonagenic

the CBA actually had clauses to allow the players and owners to end it. the players had to exercise their option at the beginning of last summer and the owners a couple months later. neither side did so.

but a force majeure clause really wouldn't come into play with respect to the CBA but i'd be interested to know if their were such clauses for the broadcast rights and for season tickets holders.

Covid massage?
Your "fund" must be dwindling.
- carsonagenic

The girls are bolstering . They give out free Canucks tickets to this years home games.

Was just reading up on this years draft what a joke.

Hypothetically CBJ could win first over all pick and the Stanley Cup this year with their system they are thinking of implementing .

Canucks could give up their first round pick and still not make the playoffs.

And you can't trade roster players.