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Old 06-16-2017, 10:03 AM   #1
sureLoss
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Icon48 NHLPA voting on $75 million salary cap. UPD: cap will go to $75 million next season

If the vote goes through, then the salary cap for next season will be $75 million. IIRC that would mean the NHLPA used a 2.5% escalator instead of using the full 5%.

Pierre LeBrun @PierreVLeBrun
The NHLPA's Executive Board is currently voting on a $75-million salary cap upper limit according to NHLPA spokesperson. (con't)

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Once the vote is complete, and if the vote is yes, the cap for next season can be announced. That could be anytime from today through Monday

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vote consists of all the player reps. So could take more than a day. We'll see.

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Old 06-16-2017, 10:06 AM   #2
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Why do they keep doing this if they hate the escrow so much?

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Old 06-16-2017, 10:15 AM   #3
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Why do they keep doing this if they hate the escrow so much?

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Because otherwise it would screw over this year's UFA's. I think a 2.5 escalator is a good compromise.
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Old 06-16-2017, 10:17 AM   #4
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Why do they keep doing this if they hate the escrow so much?

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If a player signs a contract for 5 years, and they used the escalator is used every year, slowly escrow eats into that contract. If that player then becomes a UFA, they would flip if they sacrificed for 5 years for others to get bigger contracts and when their time for a big contract comes along the NHLPA didn't use it. This would cause there to be a lot less cap space for signing UFAs and downward pressure on the contract the player could sign.

The NHLPA will always use the escalator and to not use it would cause a huge problem internally for the NHLPA.
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Old 06-16-2017, 10:46 AM   #5
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2.5 x 30 = 75
Vegas = 75

So basically its like a 5% escalator for the league as a whole.
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Old 06-16-2017, 11:15 AM   #6
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$73 to $75.

Lots of teams are going to have to make some hard decisions as that's not a significant increase.
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Old 06-16-2017, 11:53 AM   #7
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Why do they keep doing this if they hate the escrow so much?

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Because they're damned if they do and damned if they dont.

They use their escalator to bump the cap up so more money is available, the biggest problem with escrow is that its a percentage of pay, so the guys at the top suffer more than the guys at the bottom, but the entire goal is to increase the size of the overall pie.

There are more guys at the bottom than there are at the top.
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Old 06-16-2017, 12:20 PM   #8
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Because they're damned if they do and damned if they dont.

They use their escalator to bump the cap up so more money is available, the biggest problem with escrow is that its a percentage of pay, so the guys at the top suffer more than the guys at the bottom, but the entire goal is to increase the size of the overall pie.

There are more guys at the bottom than there are at the top.
The escalator doesn't really increase the the size of the overall pie, it just fakes it and I don't agree the top guys suffer more than the bottom guys. They both lose the same percentage. If anything it's the guys at the bottom that are worse off because they can least afford to lose money to escrow.

I'm not surprised they decided to go with only a 2.5% escalator instead of 5% because the escalator really punishes the guys that already have contracts. I bet if Crosby knew he would be killed by escrow so much he wouldn't have signed a 12 year deal when he did. Or he would have asked for more money at the time.
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Old 06-16-2017, 12:39 PM   #9
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The escalator doesn't really increase the the size of the overall pie, it just fakes it and I don't agree the top guys suffer more than the bottom guys. They both lose the same percentage. If anything it's the guys at the bottom that are worse off because they can least afford to lose money to escrow.

I'm not surprised they decided to go with only a 2.5% escalator instead of 5% because the escalator really punishes the guys that already have contracts. I bet if Crosby knew he would be killed by escrow so much he wouldn't have signed a 12 year deal when he did. Or he would have asked for more money at the time.
Somewhat true, it does fake it, but you know that and I know that but by all indications it doesnt appear that the Players or PA know that.

Again, its largely a shadow game, a higher cap means more money for the players! Except not really.
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Old 06-16-2017, 12:57 PM   #10
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Why is escrow such a bad thing?

Isn't it just like taxes? At the end of the day, you either have to pay or get a refund.

I read this article: http://nhlnumbers.com/2016/8/12/how-...ern-in-the-nhl

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Old 06-16-2017, 01:05 PM   #11
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Why is escrow such a bad thing?
Would you want the company you work for to take 15% off your paycheck to make sure they don't overpay you in case the company doesn't meet their revenue projections? If I signed a contract 3 years ago I would hope I actually get paid the amount that was agreed on. The escalator creates a larger escrow and makes it more likely you want get all that escrow back.
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Old 06-16-2017, 01:12 PM   #12
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Would you want the company you work for to take 15% off your paycheck to make sure they don't overpay you in case the company doesn't meet their revenue projections? If I signed a contract 3 years ago I would hope I actually get paid the amount that was agreed on. The escalator creates a larger escrow and makes it more likely you want get all that escrow back.
Why does this matter if at the Year-End, all of the player accounts are reconciled based on the terms laid out in the CBA?

The players are able to earn their contracts through the NHL and as per their CBA agreement. It's just a part of the business that they're in.

I don't complain to the government every year if I have too many taxes withheld from my pay throughout the year....I just file my taxes and collect my refund...

The players aren't losing any money....their money is just being withheld so that the exact amounts can be sorted out as per the CBA at year-end....don't understand the fuss. In order to avoid this, maybe the players should have agreed to fixed dollar amounts in advance for the CBA...this is what you get when there variable numbers in play.
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Old 06-16-2017, 01:25 PM   #13
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The escalator is dumb. There should just be a mathematical formula built into the CBA that computes the cap for the next year based on prior year HRR. That would keep escrow complaints to a minimum (as the actual cap would be much closer to the right piece of the pie) and there is none of this "can't hurt the UFAs this year" nonsense.

EDIT: Apparently it is not the escalator, but myself that is dumb - my suggestion is basically already what happens. The 5% number (or 2.5% for this year) is projected growth from prior year HRR.
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Old 06-16-2017, 01:29 PM   #14
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The escalator is dumb. There should just be a mathematical formula built into the CBA that computes the cap for the next year based on prior year HRR. That would keep escrow complaints to a minimum (as the actual cap would be much closer to the right piece of the pie) and there is none of this "can't hurt the UFAs this year" nonsense.
It seems to be a pretty simple solution. To me, its just a bunch of multi-millionaires complaining over +/-$100K that they won't get during the year to blow on partying.
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Old 06-16-2017, 01:37 PM   #15
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Is there really a lot of complaining about escrow? It is really the only way to ensure that the HRR is divided fairly at the end of the year.
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Old 06-16-2017, 01:45 PM   #16
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The escalator is dumb. There should just be a mathematical formula built into the CBA that computes the cap for the next year based on prior year HRR. That would keep escrow complaints to a minimum (as the actual cap would be much closer to the right piece of the pie) and there is none of this "can't hurt the UFAs this year" nonsense.
Absolutely. Couldnt agree more.

Escrow is the Strawman. It was something that was bargained for but I dont see that it benefits the players as much as its like a savings account for the League.
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Old 06-16-2017, 01:54 PM   #17
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Why does this matter if at the Year-End, all of the player accounts are reconciled based on the terms laid out in the CBA?

The players are able to earn their contracts through the NHL and as per their CBA agreement. It's just a part of the business that they're in.

I don't complain to the government every year if I have too many taxes withheld from my pay throughout the year....I just file my taxes and collect my refund...

The players aren't losing any money....their money is just being withheld so that the exact amounts can be sorted out as per the CBA at year-end....don't understand the fuss. In order to avoid this, maybe the players should have agreed to fixed dollar amounts in advance for the CBA...this is what you get when there variable numbers in play.
The players with signed contracts are losing money, at least potentially if revenues don't go up enough. It's not the fault of escrow itself, but the escalator increases the chance the entirety of the escrow is not returning to the player.
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Old 06-16-2017, 01:57 PM   #18
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The escalator is dumb. There should just be a mathematical formula built into the CBA that computes the cap for the next year based on prior year HRR.


That is literally what the escalator is.
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Old 06-16-2017, 02:00 PM   #19
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Is there really a lot of complaining about escrow? It is really the only way to ensure that the HRR is divided fairly at the end of the year.
There is a lot of complaining about escrow. Players hate it. They are not accountants and hate anything coming off their cheque.

If I was on the NHL bargaining team for the next CBA, I'd say okay, no escrow, but the salary cap is now 40% of last year's revenue and you'll get a performance bonus bringing you up to whatever 50% of the revenue ends up being. Although, I don't think the players would want that either. They max (or no) salary cap and no escrow. Well, you can't have it all.
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Old 06-16-2017, 02:01 PM   #20
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That is literally what the escalator is.
No it isnt.

The escalator is literally taking that mathematical formula and artificially altering it.

"We didnt generate enough revenue to warrant raising the salary cap."

PA: "Okay, but we're going to exercise our escalator clause and raise the cap anyways."
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