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Old 10-18-2020, 02:57 PM   #161
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Originally Posted by Jaybo View Post
Not specifically about Mangiapane and apologies if this has been discussed but do we know what happens to contracts if the NHL has to continue when the next season starts (January?) with no (or limited) crowds.

I assume most contracts are based on teams having revenues of ~40 games with ~20,000 fans paying ~$100 per ticket. If that revenue (plus all ancillary revenue from concessions to parking to game day merchandise sales) is gone, how to teams honour their contracts with players which are all staying (roughly) where'd you'd expect them to be B.C. (Before Covid).
Escrow has been set @ 20% in anticipation of much lower revenues, and in the event that players take home +50% of HRR, this will be corrected gradually over subsequent years when revenues reestablish until the owners are made whole.

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Old 10-18-2020, 10:24 PM   #162
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There is zero doubt that players will be taking home in excess of 50% of HRR this year. IMO it’s a question of how many years of 20% escrow and a flat cap before it balances out.

If the season is shortened, you’d think there would be some discussion of prorating salaries. A 40 game season with arenas at say 20% capacity would be maybe a 75% hit to HRR? You could probably ball park this knowing the TV money.

If owners are paying out salaries at 80% of pre covid levels, will a team in the league be cash flow positive? Probably not even close. Presumably some owners wouldn’t want to play under that scenario.
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