Pres.cup
Vancouver Canucks |
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Location: Making the most of the worst situation... Canuck fan 4life , BC Joined: 12.23.2014
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It’s just a flu...mortality rates are lower than the common flu season - Pacificgem
Transmission rates are 2 to 4 times as high, that's why it's an issue, no other reason. |
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Pres.cup
Vancouver Canucks |
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Location: Making the most of the worst situation... Canuck fan 4life , BC Joined: 12.23.2014
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Conversely, the cap based on a projected $5b in revenue and then actual revenue tops $6.5b. Will the players receive $0.75b bonus?
If there was truly a 50/50 split then there wouldn’t be a salary cap, players would be compensated on a point system where the sum total of players per team would equal 100%. In essence, every team would operate with the same “player salary”, there would be no floor and no cap because 100% of the revenue would be equally distributed between players and owners. - 1970vintage
If the league makes more money the players do get topped up, that is what escrow is for. |
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1970vintage
Seattle Kraken |
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Location: BC Joined: 11.11.2010
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Doesn't cap exist primarily to prevent rich teams from over stacking like Detroit did in the early 2000's when they spent like 80m on their teams when others couldn't afford more than 30? - Retinalz
What I’m suggesting is that in a truly equitable system every team would essentially be paying the same amount in salary per year. You literally couldn’t spend more than your competitor. Players wouldn’t know the actual value of their contract until revenue was realized, but they would know their potential, relative to other players on the team. Benning might allocate 35% to defense, 60% to forwards and 5% to goaltending. Petey (on his bridge deal) might sign for 8%. The GM’s challenge is fitting in players not to exceed 100%. In essence it’s the same for teams who do spend to the cap limit, but it eliminates teams who spend less, because they would still be required to pay out 100% of their share of salary (1/32 of league revenue x 50%) |
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1970vintage
Seattle Kraken |
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Location: BC Joined: 11.11.2010
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Transmission rates are 2 to 4 times as high, that's why it's an issue, no other reason. - Pres.cup
I saw a tweet today musing if this pandemic would create demand for more education in epidemiology, or at the very least, some education for those people who feel the need to share their opinion on a topic they clearly have no educational background in. |
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1970vintage
Seattle Kraken |
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Location: BC Joined: 11.11.2010
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If the league makes more money the players do get topped up, that is what escrow is for. - Pres.cup
So your saying teams pay into the escrow fund too? I’ve never heard an owner complain about escrow. |
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Pres.cup
Vancouver Canucks |
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Location: Making the most of the worst situation... Canuck fan 4life , BC Joined: 12.23.2014
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So your saying teams pay into the escrow fund too? I’ve never heard an owner complain about escrow. - 1970vintage
I'm saying is that they estimate the 50 percent number, escrow a percentage of it and top the players up after the final numbers are tallied.
The owners pay into escrow when they pay the players.
FYI, they've never underestimated the cap, only over estimated it.
The escrow is to ensure the 50 percent.
That's why the escrow has grown so fast, so that the cap can artificially inflate so that players can get larger contracts by the actual money at the end of the day is fixed at 50 percent. |
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1970vintage
Seattle Kraken |
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Location: BC Joined: 11.11.2010
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I'm saying is that they estimate the 50 percent number, escrow a percentage of it and top the players up after the final numbers are tallied.
The owners pay into escrow when they pay the players.
FYI, they've never underestimated the cap, only over estimated it.
The escrow is to ensure the 50 percent.
That's why the escrow has grown so fast, so that the cap can artificially inflate so that players can get larger contracts by the actual money at the end of the day is fixed at 50 percent. - Pres.cup
I think you’re confusing the two concepts. Escrow is to insure the players don’t take home more than 50% of the total pot. If revenues are higher than expected owners are supposed to make up the difference. As you said, this has never happened. There doesn’t appear to be a “name” for this second scenario.
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I think you’re confusing the two concepts. Escrow is to insure the players don’t take home more than 50% of the total pot. If revenues are higher than expected owners are supposed to make up the difference. As you said, this has never happened. There doesn’t appear to be a “name” for this second scenario. - 1970vintage
Not 100% on this, but I believe it is in CBA that any surplus would end up in the pension and benefits for retired players. |
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bloatedmosquito
Vancouver Canucks |
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Location: I’m a dose of reality in this cesspool of glee Joined: 10.22.2011
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Marwood
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Location: Cumberland, BC Joined: 03.18.2010
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1970vintage
Seattle Kraken |
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Location: BC Joined: 11.11.2010
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Not 100% on this, but I believe it is in CBA that any surplus would end up in the pension and benefits for retired players. - Reubenkincade
I’m no accountant, but the salary cap is based on a projection of revenue that would cover off 31 (32) teams all spending $80+m on player salaries. If all teams aren’t spending to the upper limit, does this extra money get paid back through the escrow repayment?
As an example, salary cap is $80m. 31 teams means $2.48b in player salary means $4.96b in total revenue. Let’s say the league revenue exactly equals this number but because Ottawa etc don’t spend to the cap total salaries are actually only $2.0b. Would the league then need to pay back all the escrow they held plus an additional $240m?
It’s very complicated. |
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I’m no accountant, but the salary cap is based on a projection of revenue that would cover off 31 (32) teams all spending $80+m on player salaries. If all teams aren’t spending to the upper limit, does this extra money get paid back through the escrow repayment?
As an example, salary cap is $80m. 31 teams means $2.48b in player salary means $4.96b in total revenue. Let’s say the league revenue exactly equals this number but because Ottawa etc don’t spend to the cap total salaries are actually only $2.0b. Would the league then need to pay back all the escrow they held plus an additional $240m?
It’s very complicated. - 1970vintage
The way I understand it is, the previous seasons revenue is the single biggest factor in a rise in salary cap.
So any time the league underestimates revenue the following season the cap goes up.
I know this is contrary to what some other commenter suggested but, this is my understanding, based on everything I have read.
Yes, it is a very complicated and convoluted system. |
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That took some courage. - Marwood
As much as I am a big fan of the saxophone, I would never admit to going to a Kenny Gee concert, he has some Sutter sized balls admitting that. |
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manvanfan
Vancouver Canucks |
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Location: MB Joined: 01.21.2012
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Hey, no criticiz8ng the great Swedish leagues piss poor defensive plays.
For some it is all about goals and points.😉 - Reubenkincade
This coming from the guy who thinks a dozen BCHL defensemen are going to be NHL studs every year. |
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manvanfan
Vancouver Canucks |
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Location: MB Joined: 01.21.2012
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And of course no physicality, that's why you can get away with a lot being a 5'9 halfling. - VanHockeyGuy
NHL is 50% of the way there. Better get used to it. |
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1970vintage
Seattle Kraken |
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Location: BC Joined: 11.11.2010
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I love the “he’s too good for the AHL, that’s why he hasn’t had any success” narrative. |
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This coming from the guy who thinks a dozen BCHL defensemen are going to be NHL studs every year. - manvanfan
Really? You might want to go back and check your notebook, as the only bchl defenseman I have liked in recent years is Fabbro,(I also somewhat liked Jonny Tchonick) because I say a certain kid might be an interesting player to keep an eye on, doesn't mean I think they will be an nhl player. |
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VanHockeyGuy
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Location: “Who are we to think we’re anybody?” - Tocchet. Penticton, BC Joined: 04.26.2012
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Really? You might want to go back and check your notebook, as the only bchl defenseman I have liked in recent years is Fabbro,(I also somewhat liked Jonny Tchonick) because I say a certain kid might be an interesting player to keep an eye on, doesn't mean I think they will be an nhl player. - Reubenkincade
Fabbro & Jost Penticton Vee's. Lots of good players come from the BCJHL.
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Pres.cup
Vancouver Canucks |
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Location: Making the most of the worst situation... Canuck fan 4life , BC Joined: 12.23.2014
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Considering how quiet it is on the hockey front, it's remarkably civil in here, well done gentlemen. |
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NuckUp
Vancouver Canucks |
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Location: Cap Busters Joined: 07.01.2019
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Considering how quiet it is on the hockey front, it's remarkably civil in here, well done gentlemen. - Pres.cup
Didn't your hear JB saying Podz could be top 6 this season. Plus he didn't bite on using Ferland cap space to add players. He wanted to see the young guys in camp. Lot's revealed in his interview. |
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Some of the teams will still be profitable without fans, or should I say, some owners will still make millions. Other teams are never profitable, even with fans.
Your boss comes to you and says revenue is down because of Covid, I’m cutting your salary. How you feeling about that? It’s certainly the case where I work. I work ducking hard and my job hasn’t become easier because volume is lower, it has become harder.
Start their own league, lol, who’s going to play in the old “owners” league, you? - 1970vintage
Your outlook says it all I guess haha. I run my own business and never plan to be reliant on anyone else but myself. Whether you like or not, business owners take the risk and need some reward or the risk isn’t worth it.
If the players/employees don’t like where they work, they are free to work elsewhere or go into business for themselves. Good employers will keep employees and good employees will understand/accept the realities COVID has put on businesses.
The worst are the people who complain about how hard they work and what they deserve........
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Nighthawk
Vancouver Canucks |
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Location: Canuckville, BC Joined: 01.09.2015
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Didn't your hear JB saying Podz could be top 6 this season. Plus he didn't bite on using Ferland cap space to add players. He wanted to see the young guys in camp. Lot's revealed in his interview. - NuckUp
I look forward to the kids playing. They’ll be excited & eager to go. Some bumps along the way will occur but the wave of enthusiasm could be surprising. Shortened condensed season could be a blessing especially if an expanded PO’s. 20 teams & a more than a good chance we are in 24 teams no probs at all. Strange times to be opportunistic & give it a try. |
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Nighthawk
Vancouver Canucks |
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Location: Canuckville, BC Joined: 01.09.2015
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Your outlook says it all I guess haha. I run my own business and never plan to be reliant on anyone else but myself. Whether you like or not, business owners take the risk and need some reward or the risk isn’t worth it.
If the players/employees don’t like where they work, they are free to work elsewhere or go into business for themselves. Good employers will keep employees and good employees will understand/accept the realities COVID has put on businesses.
The worst are the people who complain about how hard they work and what they deserve........ - CoolerHeads
Nobody knows the entire story to pick sides. Furthermore it’s yet to decided so I’ll hold off. |
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manvanfan
Vancouver Canucks |
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Location: MB Joined: 01.21.2012
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Really? You might want to go back and check your notebook, as the only bchl defenseman I have liked in recent years is Fabbro,(I also somewhat liked Jonny Tchonick) because I say a certain kid might be an interesting player to keep an eye on, doesn't mean I think they will be an nhl player. - Reubenkincade
You're so easily triggered. Take a joke bud. |
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