Quote:
Originally Posted by ---Hatrick---
Yes but see, you're assuming it WILL be going up. There are no guarantees that it will go up as significantly as you and many are hoping it will. Face it. If it doesn't go up significantly the Oilers are going to find the selves in a very tight cap situation. Signing players to deals while banking on the cap to rise is dangerous
|
I hope the Flames brain trust is treating the future very carefully when it comes to the cap.
Recent news has the N.A. crude inventory glut taking longer to work off than expected, that comes with a forward price suggestion under $60 (currently $47) for the next two to three years. As an export country this is big in the FX value, crude was closer to $90 when the Canadian dollar was at par.
ESPN and other media agencies are laying people off left and right these days. Sportsnet hasn't been all that juiced with their early returns on the NHL contract.
Renewals for broadcast rates in North America seem to be going down, not up as the world moves away from cable tv and towards streaming.
Revenue will pop up from other sources, but I don't think ticket prices are going to be able sustain what looks to be a bubble.
Will see ...