The NHL Owners are set to end the greatest financial era of the NHL as a whole has seen in the modern era. They are doing that despite knowing the consequences. They earned money hand over fist despite an world wide economic recession. There are no grounds, other than greed, on which to base this lockout. Money is important, teams need it not just for day to day maintenance, or for covering the costs of new or upgraded practice facilities, and to compensate the owners for their work and investment, but to take care of the future.
Closing the door to players, denying millions of fans across the globe their addiction, that’s not taking care of the future. The owners claim, the NHL doesn’t need and shouldn’t have contracts longer than five years. Yet 9 of the last 150 contracts on CapGeek.com are for six years or longer. Among those signing long deals are Tyler Seguin in Boston, Jordan Eberle and Taylor Hall in Edmonton, Shea Weber in Nashville, John Carlson in Washington, Wayne Simmonds and Scott Hartnell in Phily, and one or two others. Of them all, Simmonds is the least well known, and even he’s gotten some traction. How in the world do these deals, combined with the ownership statements convince anyone the NHL Owners are negotiating in good faith?
Just a few short years ago the owners were in a different position, teams like the Penguins were failing. Chicago hadn’t been good in years, the Kings were laughable, the Bruins were just bad, no big involved. League revenue was low because the teams in big markets were at the low ebb. Today that’s not true. The Penguins continue to draw at home and away. Boston, Chicago, and Los Angeles have all won Stanley Cups in recent years and the fan bases are well engaged.
That won’t last through a lockout. No one in the world believes that if the NHL loses a season we’re going to get anything close to the quality product we’ve seen in the last season and two post seasons. The Coyotes and Kings leading up to the Stanley Cup final was tense, physical, emotional hockey, The Pittsburgh Penguins and Philadelphia Flyers having a series long shooting gallery was thrilling to watch. The reason it won’t be as good is players will get out of sync with their teammates. Some players will opt to stay in the KHL or SEL, still more will retire.
Are their some bad deals handed out to NHL players? Absolutely. But the people authorizing those deals have no one to blame but themselves. Some of the NHL’s worst contracts amount to just short of stealing by the players. On the other hand, the simple truth is that those contracts amount to taking some extra pennies from the tray at the store, in comparison locking out for a season is lighting your own wallet on fire.