Collapsing Russian Ruble reducing the threat of the KHL?

[Resolute 14]

Originally Posted by heep223

I'm far more worried about the effect of the tanking Canadian dollar on the NHL than the tanking Ruble

Linked salary cap FTW.

[sureLoss]

well alot of the responses beg the question. The thread title doesn't necessarily refer to the KHL as a threat to the NHL but rather a players ability to threaten to go to the KHL if they don't get a contract they like or use a KHL offer as a chip in contract negotiations.

[Daradon]

Dunno how much of a 'threat' the KHL was anyway, but interesting.

[Flashpoint]

2nd post was what I came to see, but wow a lot of malarkey in this thread.

Helsinki the place where Nhl and KHL meet? You get KHL dollars but get to not live in a stabtastic homophobic hellhole run by gangsters? The perfect place for the Boyd's, Dawes, and Cheechoos of the hockey world (almost good enough, but not quite)? Guessing they aren't paid in Rubles?

[sureLoss]

Originally Posted by Flashpoint

Guessing they aren't paid in Rubles?

been looking into that. People in Russia are telling me all KHL contracts are paid out in Rubles regardless of the country the team plays in.

[Violator]

Originally Posted by sureLoss

been looking into that. People in Russia are telling me all KHL contracts are paid out in Rubles regardless of the country the team plays in.

with no taxes

[I-Hate-Hulse]

Originally Posted by sureLoss

James Mirtle @mirtle
Players are paid in rubles over there, so they've lost roughly 35% of the value of their contracts already. This threatens KHL in a big way.

Meh - you forget you're dealing with mega wealthy oligarchs....

"Ruble is down 35% on your $100M contract? Here, have an extra $50M. Keep the change."

So if there was a threat in the first place...it's still there.

[1991 Canadian]

This could be good for the Flames in regards to Rafikov. A stuttering Russian economy could make the AHL/NHL much more appealing.

Just as a side discussion, at what point does the low Canadian dollar start to affect the Flames?

[sureLoss]

Originally Posted by 1991 Canadian

Just as a side discussion, at what point does the low Canadian dollar start to affect the Flames?

Well capgeek puts the Flames roster as of today at $56 376 691 USD.

Since the Flames revenues are in Canadian dollars and all NHL contracts are paid out in USD, every penny the Canadian dollar falls below par would cost the Flames roughly an extra $570k.

At todays 0.87 exchange rate that will cost the Flames roughly an extra $8.4 million to pay their current NHL roster.

So it has already started to affect the Flames.

[nik-]

Originally Posted by I-Hate-Hulse

Meh - you forget you're dealing with mega wealthy oligarchs....

"Ruble is down 35% on your $100M contract? Here, have an extra $50M. Keep the change."

So if there was a threat in the first place...it's still there.

I think what's more likely is "oh man, I just lost 100 million dollars I'm just going to not pay you your salary"

[Resolute 14]

Originally Posted by sureLoss

Well capgeek puts the Flames roster as of today at $56 376 691 USD.

Since the Flames revenues are in Canadian dollars and all NHL contracts are paid out in USD, every penny the Canadian dollar falls below par would cost the Flames roughly an extra $570k.

At todays 0.87 exchange rate that will cost the Flames roughly an extra $8.4 million to pay their current NHL roster.

So it has already started to affect the Flames.

Assuming they didn't hedge.

[Tyler]

Originally Posted by Resolute 14

Assuming they didn't hedge.

Which they do.

[I-Hate-Hulse]

Originally Posted by nik-

I think what's more likely is "oh man, I just lost 100 million dollars I'm just going to not pay you your salary"

Uhhh I think you missed my point - despite the decline in oil prices these oligarchs are still so rich that $100m is like $20 to you or I.

[Jay Random]

Originally Posted by I-Hate-Hulse

Uhhh I think you missed my point - despite the decline in oil prices these oligarchs are still so rich that $100m is like $20 to you or I.

That assumes that they aren’t leveraged. I seldom heard of a high-flying, nouveau-riche businessman who wasn‘t up to his ears in debt. Reduce the value of their assets, and their ears are suddenly way underwater.

Without access to specific data, I would still back the assertion that more than one KHL owner is about as fiscally sound as Bruce McNall was when he owned the L.A. Kings.

[ricardodw]

Originally Posted by I-Hate-Hulse

Meh - you forget you're dealing with mega wealthy oligarchs....

"Ruble is down 35% on your $100M contract? Here, have an extra $50M. Keep the change."

So if there was a threat in the first place...it's still there.

Yep and the wealthy oligarths are losing 50% of their net worth.... and have to looking over their shoulder at what Putin will do to or for them.

[Vulcan]

Originally Posted by ricardodw

Yep and the wealthy oligarths are losing 50% of their net worth.... and have to looking over their shoulder at what Putin will do to or for them.

This should be about the time that the oligarchs get together and tell Putin to cool it, but somehow I don't see that happening.

[Jets4Life]

The KHL was a threat?

[DeluxeMoustache]

Originally Posted by psyang

Not to derail, and at the risk of sounding nerdy, the phrase "begs the question" doesn't need to be followed by a question. It simply means "the statement is built on a faulty or assumed premise".

Saying that the title "begs the question" just means that it assumed that the KHL was a threat, which is not an established fact.

From wikipedia:

Wikipedia?

The phrase "begs the question" still requires a question to agree with the specificity of the word "the", no?

[smiggy77]

Yeah I think the only league that the KHL poses a threat to is the AHL in terms of attracting talent. A lot of guys who can't make the show would rather go out to Russia than sign a two way, otherwise, no where near a threat to the NHL.

[Jay Random]

Originally Posted by DeluxeMoustache

The phrase "begs the question" still requires a question to agree with the specificity of the word "the", no?

No.

The phrase is a bad translation of the Latin term petitio principii, which, unfortunately, became traditional in English-language logic texts. A better but still literal translation would be ‘claiming the starting point’.

If you use the term in its technical meaning, it’s confusing, because the individual words don’t mean what they mean in English (the fault of the original translators). If you use it in the popular meaning, it’s bogus, because people who know the technical term will know it doesn’t really mean what you are using it to mean. The best thing is probably not to use the phrase at all, but substitute something like ‘circular reasoning’ which most people understand.