Archive for the ‘luxury tax’ Category

What if the NHL instituted a luxury tax?

July 13, 2009
Stern: “Bettman’s on the phone again? Aw, not again … “

So, we are 99.99 percent sure that the CBA prohibits the institution of a luxury tax, but let’s just dream for a minute that Gary Bettman could justify his massive salary by stumbling upon a magic loophole.

Seeing that marquee franchises in Chicago, Pittsburgh, New York, Detroit and even San Jose will feel a considerable pinch going into the 2010-11, the league declares a “state of emergency” for the cap with the solution of instituting a luxury tax so that teams could exceed the ceiling. (At a huge price, of course).

Now, instead of wondering who the Hawks would have to move to accomodate the re-signing of Kane, Toews and Keith, the hockey world would ask: are the Blackhawks willing to fork over the dough to make it happen? It would be a godsend for hockey bloggers/pundits/message board trolls and a great way to allow money making franchises to keep their rosters together.

The best part, though, is how the league could potentially use the extra cash to benefit everyone. Let’s daydream for a moment:

  • The league creates a “luxury tax” pool each season. They pledge to use every dime to purchase high-end advertising spots during events such as the Super Bowl and American Idol. Also, more money could be spent to publicize the Stanley Cup Finals and Winter Classic.

  • Maybe the league could pump that money into moving the “NHL on the Fly” broadcasts from what seems to be a broom closet to … what’s that called again? Oh, right, a studio. It would also be nice if the NHL Network stopped playing the same Capitals-Rangers game on an endless loop, now that you mention it.
  • Since Bettman clearly will not take any egg on his face/acknowledge economic realities regarding the Phoenix Coyotes scenario, the league could use luxury tax money to take care of the ‘Yotes debts and pay Wayne Gretzky buckets of money to exist/coach a team that has never made the playoffs under his tutleage.
  • Perhaps they could lend Versus a little money to get Brian Engblom a haircut* and produce a freakin’ highlight show already.

  • Put the luxury tax money to good use by helping families who cannot afford hockey equipment. Or better yet, donate it to charity or to retired players’ pension funds.
  • Use the money to revamp the city of Edmonton, so Dany Heatley can continue his pampered existence without any fear of bad weather, the ghosts of his past or backchecking.
  • Bribe Pierre McGuire to just go away. Please.

What would YOU want the league to do with extra cash if they could receive luxury tax money?

* – I think he actually DID get a slightly better hair cut this year, but are you going to complain about seeing this photo?

Advertisements