[sureLoss]

some insight of the situation from Jeff Glass:
http://www.thehockeynews.com/blog/kh...sed-right-now/

The decline of the ruble, triggered by the downward spiral of oil prices and the economic sanctions arising from Russia’s occupation of Ukraine, has caused most of the financial turmoil. For example, Glass signed a contract this season with Lada Tolyatti that called for him to be paid the equivalent of $1.1 million (U.S.), but with all contracts in the KHL paid in rubles, he figures he’s making the equivalent of $650,000 to $700,000. When he signed his contract, the ruble was trading at between 33 and 34 rubles to an American dollar. It now costs about 60 rubles to buy an American dollar today.

And he’s still one of the lucky ones. At least his team has paid its players on time. According to Glass, Atlant is on the verge of collapse and three other teams of which he’s aware – Sibir, Medvescak and Dinamo Riga – have not paid their players or coaches in three months. Glass said he has been hearing around the league that all three teams have been selling off their top players and he expects players in Sibir, at least, will start seeing paychecks soon.

He said there have been some wildcat strikes around the league, comprising of players who are holding out to have their contracts renegotiated to reflect the declining ruble. He said the situation has had an effect on players of all nationalities, but also said players from outside Russia are getting very wary of their futures.

“Guys are starting to get very nervous,” Glass said. “Nobody plans on living in Russia post-hockey. Everybody wants to take these rubles and move them into Euros or dollars and nobody is able to do that now.”