#salary cap

[offsidenewsco]

"The modern iteration of the NHL is faster, more skilled, and more dramatic than ever...And who knows – maybe someday your favorite player might have their name in the histories too."

Read the final installment of @sergeifyodorov's history of the #NHL here.

[jeynearrynofthevale]

Was listening to 32 Thoughts and a really interesting point about salary negotiations was brought up. If you take a pay cut and sign a “team friendly deal”, that can be seen as screwing other guys in the league over. Because it’s used against them by teams in their negotiations. So, when agents are negotiating deals for their players, there’s not only the component of what is good for the individual player vs the team but also what’s good for the nhlpa, which is a union. Friedman brought up that he actually will sometimes get that same thing brought up when he’s negotiating deals as a broadcaster. Other people in the industry have asked him not to compromise and take lesser deals because that also compresses their potential wages.

[naanima]

You know, sometimes I forget how weird they are about each other. And then I'm fucking reminded.

OMFG!!!! THEY ARE SO FUCKING WEIRD ABOUT EACH OTHER. GENO!!!

Source

ETA:

OMFG.

[sucka99]

[hockeyreport]

The National Hockey League and the National Hockey League Players’ Association announced today that the Team Payroll Range established for the 2024-25 League Year, pursuant to the Collective Bargaining Agreement, provides for a Lower Limit of $65.0 million, a Midpoint of $76.5 million and an Upper Limit of $88.0 million.

[trendynewsnow]

49ers Face Challenges as Injuries Mount and Future Decisions Loom

49ers’ Struggles Highlight Concerns for Future On Sunday, the San Francisco 49ers faced a harsh reality of what their team could look like at its most vulnerable. With star running back Christian McCaffrey sidelined and starting receiver Deebo Samuel falling ill just before kickoff, the team’s struggles were compounded when Brandon Aiyuk suffered a potentially season-ending knee injury before…

[sunshine-gumdrop]

Lol, meanwhile, nba guys're laughing at us!

[thankyouforthememoriesworld]

The WNBA has a prioritization rules that means players have to arrive at a certain date (beginning of preseason) or they are suspended for the season (not sure how it works for players arriving at the mid-season like Gabby did this season though). The CBA is supposed to be renegotiated in 2025 so that might change especially with how much the rule has been criticized. In the Euroleague there is no such rules so it's up to clubs to allow their players to play in the WNBA. I'm guessing Gabby brought up with Fener the possibility of missing the beginning of the season when she negociated her contract.

You managed to make me understand the prioritization rule in 2 sentences when the WNBA hasn't been able to do it for years 🫂.

If you could explain to me how the players' contracts work too, that would be very nice.

[splitthedefense]

Why don't NHL teams spend more on their players? 

The main sources of revenue for a professional sports team are broadcasting rights for television and ticket sales. The NHL gets a much smaller amount of revenue from its TV deal than the NFL, MLB or NBA and, therefore, has less money to pay its players.   

The top-three revenue-generating teams in the NHL — the Leafs, Canadiens, and Rangers — brought in $922 million in 2022-23. Meanwhile, the bottom-three squads — the Coyotes, Senators, and Blue Jackets— raked in $396 million. For reference, the NBA’s top revenue generating franchise, the Golden State Warriors generated 765 million dollars last year. The Memphis Grizzlies, the NBA’s lowest revenue generating franchise, still brought in 258 million dollars. 

The NBA and NHL maintained the same average team values from 2000-2002, As of 2020, average team values per NBA team are: $2.123 billion. As of 2019, $660 million per NHL team. Since 2005 via statista.com, the NBA has been ahead of the NHL in generating revenue.  

Why?  

According to businessinsider.com, the biggest factor driving the value of franchises in the NBA is that unlike the NHL, NBA franchises sell their own local television rights. the NBA receives $2.7 billion a year from ESPN and Turner. The NHL receives $625 million a year from ESPN and Turner and, $433m-ish per year from Rogers, but that's still less than half of what the NBA rakes in. 

Can the NHL reach the growth of the other Major North American sports leagues? 

[chanelfunnell]

Big fat cheques for NHL star

Puckbunnies and trolls are ready so increase a salary cap then. Still not in time with mega cheques of basketball stars or American football because lack of bigger audience.

[noahjamesmass]

❝Salary Caps for Company Executives❞

~ Noah Mass

[blorbocedes]

three minutes of my fave parts from nico's latest podcast appearance. highlights include:

- 'were you more jealous of your wife looking at another man or lewis hamilton winning a race?'

- editors giving nico a pink wheel when he asks to edit in an f1 wheel. can never escape britneyfication 🥹

- nico finding out the host can't drive and immediately betting him to go karting where nico drives in reverse and he drives forwards to see whose faster

- 'believe in yourself' 🙄 I tried for 10 years and even then in the last race I didn't really believe. But the reassuring thing you can have great success even if you don't believe in yourself 😃 as long as you are so damn committed."

his deadpan sense of humour that doesn't land that will buxton opined over

...and more!

[jeynearrynofthevale]

NHL Salary Cap 101

The nhl salary cap can be weird, convoluted, and hard to understand. So, if you’re curious about some of the basics such as how players are paid, why they’re send down sometimes, and how deadline acquisitions work, this should be a good starting point!

The 2024-25 salary cap is 88 million. That means that a team cannot spend more than 88 million total over the course of the 186 day nhl regular season. Because players are not paid during playoffs, teams are allowed to be over the cap. There is also a salary cap floor. Teams must spend at least 65 million on players.

Every nhl team is required to have a minimum of 20 players (18 skaters and 2 goalies) and a maximum of 23 on their roster. Most teams want at least 21 or 22 players so in the case of an injury, guys can step in. Every nhl player must have an annual salary of at least 775,000. And no individual player can be paid more than 20% of the salary cap, which currently means 17.6 million. Interestingly, the highest paid nhl players make much less than the other highest paid athletes but the floor for nhl players is actually higher with the lowest paid player being better compensated relative to other major sports.

So, the salary cap essentially forces you to balance your team. You cannot just have the 10 best players in the league on one team because you cannot pay them all and retain them.

One of the details that’s most important to understanding the minutiae of the salary cap is that nhl players are paid daily rather than annually. Because there are 186 days in the nhl regular season, a player with an average annual value (aav) of 10 million is actually making $53,763 for every day they are on the nhl roster. Players can also be sent down from the nhl to the ahl. A major reason teams do this is for cap relief. Basically, it saves them money and cap space.

Up to 1.15 million in salary can be buried in the ahl. This means that sending down your 10 million player (even if they’re playing really badly) is pretty much untenable. Because you still are counting 8.85 million on the cap for someone not on your roster. But a player making less than 2 million is an easy player to send down when you want cap space, especially if they don’t require waivers.

So, just as players’ salaries are calculated down to the day, so is the cap. Because the cap essentially gives you a set amount of money to spend over the whole nhl season. So, if you start the season with a roster that has a total cap hit of 87 million, you have 1 million in cap space that can accrue over the course of the season. Say, you maintain that exact roster with zero changes for the 1st 100 days of the season. Then you have that 1 million to spend entirely on the last 86 days. And because players are paid on a daily basis, you only have to pay that player for 86 days. So, you can do some basic algebra: (86/186)x = 1,000,000 where x is the player’s full aav. You solve for x and find that you can afford to add a player with an aav of $2,162,790 if you wait till 100 days into the season to trade for them or sign them.

Now, like I said before, you can also send players down to the ahl to save cap space throughout the nhl season. You can even do this just on days where no game is happening. This is generally referred to as a paper transaction. And this is done because every dollar can matter when making a trade. If you have a young player making 1 million dollars who is waivers exempt (meaning they can be sent down without giving other teams the chance to obtain them), every day they are not technically on the nhl roster, is a day you save $5,376. And you can tack on any cap space you save on a day to day basis to be used at the trade deadline.

Are there any other ways to add players at the deadline? Yes. The Vegas Golden Knights, Tampa Bay Lightning, and Chicago Blackhawks have all famously used ltir in the process of winning championships. Ltir is “long-term injury relief” and any player who will miss at least 10 games and 24 days of the season is eligible to be placed on it. Ltir essentially gives you a player’s cap hit back while they are injured. So, when Mark Stone goes on his annual ltir, he stops playing for the duration of the regular season, the Knights use his cap space at the deadline to add other multimillion dollar players, and then they are able to use both Stone and those players in the playoffs.

What are the downsides of ltir then? Why isn’t every single team using it? Well, for one, players need to actually be injured and not capable of playing to be placed on it (though this line can be blurry) and must come off of it once healthy. And perhaps more importantly, if any player on a team is on ltir, that team cannot accrue any cap space while they are on it. So, it can be more limiting in some ways.

[sergeifyodorov]

central characteristic is that I will miss the point to talk about something else. phil kessel in the flying skate is going to go so fucking hard you guys

[changing-my-username]

[tiger-balm]

Maybe this is a stupid thing to say but why doesn't the nhl facilitate different cap spaces depending on the location of the team? Like would this not even the playing field for all teams so that there are not people avoiding or favouring certain teams due to tax impact