Blue Jackets Among Teams Not Meeting Revenue Sharing Marks
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Blue Jackets One Of Several Teams Taking
Revenue Sharing Cut Over Missed Incentives |
The Blue Jackets are “one of several clubs taking a 25[%] cut in the money they receive from the [NHL] because they didn’t meet incentives spelled out” in the ’05 CBA, according to Tom Reed of the COLUMBUS DISPATCH. A source said that the Blue Jackets are “one of four or five teams penalized.” This marks the first year the NHL “docked underperforming clubs after a two-year grace period,” and failure to “hit the benchmarks for a second year would trigger a 40[%] cut and 50[%] in the third year.” Neither the league nor the Blue Jackets would reveal the franchise’s projected revenue-sharing payout, but an NHL source estimated that it “would have been about $9[M],” meaning the club would lose $2.25M. The Predators, who “satisfied the criteria for a full share, reportedly will receive a league-high $12[M] in assistance.” To receive a full share, teams were required to average a paid attendance of 13,125 fans. Blue Jackets President Mike Priest said that clubs also were required to have a “year-to-year growth rate in excess of the league average revenue growth rate -- 7[%] this year.” The Blue Jackets “achieved the former but not the latter;” Priest said the team’s revenue growth was flat. Priest “would like to see adjustments made to the agreement if the average league growth rate continues to exceed 5[%].” Priest: “In a situation where there is record league growth, I don’t think the current rule is working quite as intended.” Ducks Exec VP & GM Brian Burke added, “If we believe these franchises are an asset to our league, does it make sense to cut their subsidies?” (COLUMBUS DISPATCH, 7/1).
LOCK OUT: The expiration date of the NHL's current CBA is September 15, 2011, with the NHLPA having the option to extend the deal an additional season, and THE HOCKEY NEWS’ Ken Campbell wrote, "Mark my words, as the CBA deadline gets closer, the league will direct teams not to sign players past 2011-12, the same way it did prior to the last lockout. And don’t think the owners won’t be looking for big changes in the next deal; there’s little doubt all those contracts that carry over after ’11-12 will be on the table as one of the negotiating points.” Campbell: “Don’t believe for a minute the owners won’t once again lock out the players if they don’t get what they want in the new deal” (THEHOCKEYNEWS.com, 6/30).
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