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One thing is 100% certain about this lockout: every dime the players lose during the lockout is money lost forever. They will NEVER be able to get that money back by any salary increase / other benefit.
What is Cleary's point, "we'll sit out for more than a year - just to make a point?" What point? Less money?! Go ahead.
Where can I "cave in" and make $2m??![]()
If they did the smart thing and *GASP!* caved now, took a 50-50 spilt, or maybe took a gradual change toward 50-50, the worst they could do is lose 7% over the length of the contract.
If they don't cave, they (well, those not in the KHL & Europe) will lose 7% every two weeks, every pay check, for the length of the season (14 paychecks).
What does the law of diminishing returns have to say about this?
Last edited by Bogey; September 26th, 2012 at 09:07 AM.
Some more good reading:
How much blame do NHL owners deserve for their economic woes? | Red Light
If they took a 50/50 split, they'd actually be losing a little over 12% of their salary, so if it costs them one paycheck to not have the full drop to 50/50 this year, they come out ahead. If they just angle for the cap not to go lower than it is in real dollars, they can agree to going with a lower percentage as long as HRR rises.
Let's see the math.Originally Posted by fiveholio:2588802
There is more to it. If you think in the long run it is more complicated. Consider that the lockout eats up 4 checks. As Bogey stated ( I am assuming his numbers are correct) 4 checks would amount to 28% of their pay. What Is the Average Salary in the NHL? | eHow.com This link shows that the average salary hit of a NHL player is 2.4 million meaning that if they loose 28% of their salary they would miss out on 672,000. (assuming these numbers reflect the average player) Lets say that such a deal that ends the lockout lasts for 10 years. (totally hypothetical, a shorter or longer one would need a recalculation) If Fiveholio is right that 12% would be lost at a drop to 50/50 (not disputing that either) Then it would take 3 years for the average player to get into the green on a lockout.These guys in the union are going to look into the long term. That said, the players are going to miss their salary amd may not look so long term as I just explained.
Last edited by Bogey; September 26th, 2012 at 02:25 PM.
This is absolutely true. The problem is that players can win in the long run if they give up a few paychecks, maybe even half a season, but get some concessions in percentage of HRR and they can make up the difference in a few seasons. Obviously this is a tack the younger players would take, because they have more time to make up whatever they would lose if they just gave in right now.