09-18-2012, 02:55 PM
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#48
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Admiral Douchebag
Join Date: Oct 2008
First Name: Tom
Location: Clermont, Kentucky
Posts: 70,564
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Re: NHL '12 - '13 Thread
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Originally Posted by ChicagoWhiteSox
What was the issue in 2005 Tom?
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This was the basic issue:
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The NHL, led by Commissioner Gary Bettman, attempted to convince players to accept a salary structure linking player salaries to league revenues, guaranteeing the clubs what the league called cost certainty. According to an NHL-commissioned report prepared by former U.S. Securities and Exchange Commission chairman Arthur Levitt, prior to 200405, NHL clubs spent about 76 percent of their gross revenues on players' salaries a figure far higher than those in other North American sports and collectively lost US$273 million during the 200203 season.
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Thanks Dave, Julian, James, Kelly, Peter, Gerry, Dave, Mo, Frank, Tŭr and Mr. Mark! 
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