https://x.com/walsha/status/1665132515680501761?s=12
I have no idea how to imbed tweets but this is an Allan Walsh tweet from 2023. The large jump was entirely predicable. It was probably one reason why Conroy was going after Hanifin so hard last year. Even at 8 million a year that contract in a couple years will be like paying 6 million right now. The Weegar contract is an incredible steal, in two years it will be like a 4 million dollar contract.
But in 22/23 the owners got an extra 1.1 billion more than they should have from revenue that year. The cap was always artificially set low to recoup the covid losses. Now they need the cap to be at a number that reflects that reality. It is not like revenue flat lined from 2019 through 2024, it is that the players were paying way more in the years after Covid than they naturally would have in those years to pay off the Covid debt.
The Hurricanes are perfectly set up to be very good for a long time.
Quote:
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Allan Walsh- There was a $1.1 Billion Escrow Debt from the pandemic owing from NHL players to Owners. By end of this season, the balance will be down to $70 million. In other words, 93% of the Escrow Debt will be paid off. 1/
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