Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre . . . . . . . . . . . . . email: jpalmer at uwo dot ca

. . . . . . . . . . .Richard Posner should be awarded the next Nobel Prize in Economics . . . . . . . . . . . .

Tuesday, February 15, 2005

Will There Be Hockey?
My Bet Is Yes

Here is what I just posted at The Sports Economist:

Given that the owners have taken "linkage" of salary caps to revenues out of their offers, and given that players have accepted a salary cap, there is now plenty of wiggle room for both the owners and the players.I expect they will make a deal. But of course by the time I get this posted, who knows what might have happened. Here's a link to the news on TSN.

...[S]ources on the NHLPA side are suggesting the union will only
negotiate off the $52 million figure if the NHL presents a detailed, meaningful revenue sharing plan.

On the NHL side of the equation, sources are suggesting the league
isn't prepared to go much higher than the $40 million cap figure.

So it's a matter of trying to bridge a $12 million (per team) gap
with the clock runing towards the league's scheduled 1 p.m. (EST) announcement to cancel theseason.

And keep in mind, the owners haven't lost all that much so far. If they can salvage the play-offs, all 87 rounds or whatever, they stand to earn the bulk of their revenues for the season anyway. The only difference will be that qualifying for the playoffs will be more like a round-robin tournament.
Who Links Here