NHL Players Owe Bettman and The NHL Over $70M in Debt
The NHL's decision to raise the salary cap is influenced by a significant increase in ad revenue, which has more than doubled in the past two seasons.
However, this revenue boost still falls short of addressing fans' and players' concerns. The league is considering a modest $1 million bump to the cap this offseason, but further adjustments are not ruled out.
Players are obligated to bear escrow, a shared account with owners, despite their objections. The league hesitates to raise the cap beyond $1 million due to players' outstanding escrow debt of $70 million.
Yes, you read that right. The players that make the NHL their money, owe the league back $70m.
How and why the NHL salary cap could still see a larger increase this offseason
Most likely it'll bump just $1 million, but here's why NHLPA exec director Marty Walsh won't «close the door» on more.
Most likely it'll bump just $1 million, but here's why NHLPA exec director Marty Walsh won't «close the door» on more.
This situation poses challenges for star players hoping to remain with their preferred teams. Unfortunately, fans suffer the consequences of the owners' financial issues, while the league grapples with leadership concerns under Gary Bettman.
| POLL | ||
Should Gary Bettman be relieved of his duties as NHL commissioner? | ||
| Yup! Long overdue. | 98 | 88.3 % |
| He's not doing awful, keep him. | 9 | 8.1 % |
| No, keep him. | 4 | 3.6 % |
| List of polls | ||
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