Elliotte Friedman Confirms Bad News for NHL Teams Hoping to Lock Up Their Young Stars
Photo credit: Info Petite Nation
NHL insider Elliotte Friedman revealed that it is more competitive than ever for teams trying to sign their young stars to contracts, as salaries are skyrocketing.
With players compensated in U.S. dollars, exchange rate fluctuations and increasing payrolls can further contribute to the burden for these smaller franchises.
The freshly inked 7.7 billion Canadian television deal between Rogers and the NHL will be used to generate more revenue to help ease some player costs for Canadian clubs.
But since the league is so ticket-reliant, fans should also be bracing for a bump at the gate, and this is due to teams needing more money to pay their young stars.
While the economy itself is shifting, no rush is planned to change how hockey-related revenues are calculated, and thus, the overall financial structure of the league is not going to shift.
The Sport Continues to Rise in Popularity, Bumping Up Player Salaries Even Further
League officials and team representatives anticipate the sport to continue on its path of rising popularity and profitability. Expansion is also widely anticipated, with some speculating the NHL will grow to 34 teams at some point in the coming years.
"I have several agents who say to me, especially with younger players...they're even more competitive than ever when it comes to their contracts."
- Elliotte Friedman
Much of the noise, particularly among younger players, is general managers seeing increased competitiveness in player agents obtaining the best value for their clients, especially with the rising salary cap, which is yet another layer to the dynamic NHL economic picture.
It will be interesting to see which teams are unable to keep some of their young stars over the next couple of seasons.
Previously on HouseOfHockey
POLL |
AOUT 8 | 426 ANSWERS Elliotte Friedman Confirms Bad News for NHL Teams Hoping to Lock Up Their Young Stars Will new salary records be set in the NHL regarding teams' young stars? |
Yes | 369 | 86.6 % |
No | 57 | 13.4 % |
List of polls |