Posted by quick13 on 5th January 2005 at 17:51 GMT
Posted from 22.214.171.124 (rrcs-67-52-44-17.west.biz.rr.com)
In reply to Re: nhl posted by swiss tony on 5th January 2005 at 16:27 GMT:
The players also offered several items that would allow for significant drag on salary increases. The argument against a salary cap is that an owner who values his players and can afford to reward them should be allowed to do so. Just like you should be allowed to make bonuses or salary increases in your job without an arbitrary number keeping that from happening. The biggest issue is the fact that the NHL has not presented a clear financial picture of their true revenue and losses. Until a complete and independent AUDIT is completed then there can be no salary cap or luxury tax numbers set. The Lawrence Eagle-Tribune, a Massachusetts newspaper recently ran a truck through the holes in the Levitt report, claiming it to be a complete joke based on the assumptions and formulas and lack of information it was based upon. And they proved it with the help of actual CPAs and auditors who reviewed the document.
My proposal is to let the Canadian Government tax auditors have access to all NHL books and come up with an independent analysis of the true financial state of the NHL. PM Paul Martin has offered to help broker a deal so take him up on it and have a government entity, who knows how to find loopholes and hiding places for money, get a true picture of the NHL financial status.
Everyone keeps claiming that the players are the greedy ones but the recent review of the Levitt report only serves to prove that the owners are just as greedy if not more so, but they're making it worse by lying about it. Only with an independent number to base an agreement on can a compromise be reached.