The NHL is locking out its players because it wants to ensure its financial viability.
The NHL is attempting to change the financial landscape of the league by paying smaller salaries and making the terms of those contracts shorter in length.
That's what this lockout is all about.
The owners need rules in place that keep them from paying too much of their own money to the players that they employ.
The owners cannot police themselves. They can't impose their own limits—they need financial restraints in order to save the owners from themselves.
The NHL has increased its revenue stream dramatically over the last seven years since the 2004-05 lockout, but those gains have not been enough to help them survive their own inability to hold back on their own spending.
These owners apparently no longer possess the same discipline that they needed to make their millions in the first place. Instead of setting a budget and sticking to it, they need rules to help them make money on their hockey investment.
Shouldn't the NHL owners have been able to see their financial problems as they were unfolding? Did they real ...
Read Full Article at Bleacher Report - NHL
Article written by Steve Silverman
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December 10th, 2012 by Steve Silverman Leave a reply »
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