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Whitby, ON • Canada •
One would have to wonder with the steady decline of the canadian dollar dropping from roughly $1.07 high in October of last year and staying above par with the US dollar for most of last year. Down to current levels of $.82 - $.85 which works out to around a drop of $.15 - $.23 average. If last year Canada's six NHL teams ticket sales made up for 1/3 of the NHL total ticket sales revenue you would have to anticipate a decline is sales based on dollars lost do to exchange.

Add in the economic slow down in the United States and Canada with the looming financial crisis, I would have to believe that the NHL will lose a significant amount of revenue this season. If this were to happen then the salary cap would have to be lowered next season.

What do you think?
Filed Under:   Salary Cap   Habs  
November 5, 2008 6:24 PM ET | Delete
Now that we've elected Robin Hood to run the U.S., I unfortunately think your correct. There are already a number of season seat holders who I sit near at Ducks games that are considering dropping their full season seats for partial season seats. They're waiting to see what Obama is going to do. this kind of bodes well for the ducks though, who have 2/3rds of their roster as UFA's.
November 6, 2008 9:29 AM ET | Delete
Yes the ducks like Montreal have a large number of free agents going into the summer. Surprisingly though Anaheim has a payroll hit of 32,733,000 for next season already on only 8 players. The one I'm interested in watching if the cap falls is a team like Philly. 52,755,000 committed to next season already.
November 6, 2008 4:41 PM ET | Delete
Hopefully it will not go down too much. I know my Sabres would be in some trouble. They have 41mil tied up next year and 11 free agents.
November 6, 2008 5:17 PM ET | Delete
From what I understand if the Cap falls by 10% so do existing player salaries thus dropping your teams cap hit. I could be dead wrong on this but I thought I read something along those lines somewhere. Can anyone confirm?
November 6, 2008 5:32 PM ET | Delete
im 90% sure it will drop. the 6 canadian teams provided a LARGE chunk of league revenues. if their revenue goes down 15-20% then the cap should clearly go down.Id be fascinated to hear if what Mats said is true
November 7, 2008 7:53 AM ET | Delete
I've been reading different articles on the internet in regards to this topic and so far I haven't seen anything yet in regards to what Mats mentions but I'll look harder to see if I can find anything. For your interest sake here is a good article I found on the same topic.http://www.sportsagentblog.com/2008/10/31/nhl-financial-trouble-ahead-–-gm’s-will-have-less-money-for-next-year/
November 7, 2008 8:23 AM ET | Delete
I've done some research into the roll back of salaries if cap drops that Mats mentioned. According to forums on HFB it was a one time roll back of 24% and will not roll back again if the salary caps does drop. If someone can prove otherwise please let us know.
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