2007-11-05 06:58:21 · 13 answers · asked by Bill W 【ツ】 6 in Sports ➔ Hockey
Most of the revenue is still in USD...so no
Michinoku2001 is correct, the league uses one currency, and to change it now would be a violation of the CBA
Mh...I think we are all well aware of the relative values of the dollars, but the majority of the league revenue is in US dollars. The NHL has been a US based league since 1967 when Clarence Campbell started a head office there and incorporated. All 30 teams are registered as US entities (the Canadian teams are dual entities). But, the current CBA chose the dominant currency as the currency of choice, and when it was signed, that was the US Dollar. With all the major sponsorship money in USD, it makes sense to stay the course.
2007-11-05 07:02:41 · answer #1 · answered by Like I'm Telling You Who I A 7 · 4⤊ 2⤋
The pro-rated cap limit that you derived from the historic performance is a very real possibility. For all the criticism that the NHL gets, a number like that could be a way of saying they are becoming more succesful since the lockout. I can see where a return to the way things were can happen. Just because the limit rises it doesn't mean that teams generate enough revenue to meet it or much less exceed it. There have been articles that I have read in the papers that state teams like the Flyers, Red Wings, and the Rangers to name a few, have not really been hindered by the cap. Like the 49ers of the NFL during the Eddie DeBartolo days, they have found a way to make the most of the weak points of the agreement. The problem that I see is one where there begins to be a gap between the "have's" and the "have not's" that leads to another drastic disagreement between the NHLPA and the owners. I have faith that the NHL has not yet learned from its mistakes. They will do something to further cement their image as a second rate league. There is plenty to criticize the NFL for, but they are aligned to increase their popularity and revenues.
2016-04-02 06:41:41 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Nope, but it does mean Canadian teams who are raking in the money in Cdn $ (especially the TV contract) are going to show an even greater profit. Not sure how long this will last but at least it helps make up for those times when the Canuck Buck was low. It could also mean that fewer Canadian teams have to draw from the compensation pool so guess what, the league can afford to keep teams in half empty rinks in Nashville and Florida. Isn't that great!
And of course as LITY points out, ya dance with the girl that brung ya so US dollars will have to remain the status quo.
2007-11-05 09:03:45 · answer #3 · answered by PuckDat 7 · 3⤊ 0⤋
I would say no for many of the reasons the other asnwers listed, and also because the good majority of the players live in the United States during the season as opposed to Canada, and the NHL head offices are in the US and its probably where they will stay.
2007-11-05 08:22:12 · answer #4 · answered by RENO230 1 · 2⤊ 0⤋
The Loonie is still worth $1.07, not close to $1.06, according to xe.com.
As for when this trend will cease, it will be when Bush is out of office. I've been playing online poker and selling on eBay for years now, and I think that he is the source of his country's economic woes. I don't have an economic background, but what I've noticed is that every time he opens his mouth and says something publicly, his dollar drops. Last March, it costs $1.25 CAD for one USD. I have been watching it drop since then and it's pretty pathetic. I would always get pissed off whenever he sneezes because I knew I was going to lose money because of that monkey. But now, thanks to the strong Loonie, we don't have to pay as much for gas, so I hope that'll even things out for a bit.
2007-11-05 09:39:45 · answer #5 · answered by Anonymous · 1⤊ 0⤋
It should, but it cant be changed to canadian currency because it would violate the CBA as well as the salary cap.
Also when players signed contracts they state that they will be payed in US funds.
2007-11-05 07:15:32 · answer #6 · answered by ChrisV 1 · 2⤊ 1⤋
No. This is just a burp in the financial markets. It will come down again. Hopefully not before Christmas because the wife is cross border shopping this year.
2007-11-05 07:15:30 · answer #7 · answered by Anonymous · 2⤊ 1⤋
It would violate the salary cap if they were paid the same sum in CDN$.
2007-11-05 07:05:57 · answer #8 · answered by michinoku2001 7 · 3⤊ 2⤋
why should i care how the players get paid? it's too much unless we switch to pesos
2007-11-05 17:05:29 · answer #9 · answered by ? 2 · 0⤊ 0⤋
Of course, they can make more money that
way.
2007-11-05 10:34:24 · answer #10 · answered by Anonymous · 1⤊ 0⤋