The NHL announced that the Salary Cap will be $50.3 million this upcoming season. And before we get into the rest of this blog, I say (Sarcasm On) 'good job NHL' for releasing the Salary Cap figure approximately 48 hours before the UFA period begins on July 1st, what a way to provide the teams enough time to determine who they can fit or not fit under the cap! (Sarcasm Off)
Now to the real reason for this blog. So we hear this all the time, the NHL is in shambles. The ratings are about on par with a Ginsu knife infomercial that runs at 2:30am on network television. Nobody cares about the sport. Many owners are 'losing money'. So what gives with the increase in the Salary Cap?
If the owners were losing so much money, why would the cap increase? If the TV ratings are dreadful, and the revenues are not flowing into the NHL from TV contracts, why the increase?
The answer is simple: For the most part, were all fooled by the shutdown of the 2004-2005 season. The hard salary cap was put in place for the owners to control themselves, increase their profits, and virtually maintain overpriced tickets and concessions for the fans. So who are the suckers? Who are the fools?
You and I, and it will not be the last time we feel like this.