Salary Cap.

[lfd250 1]

Ok, people help me out here. I am wondering how the salary cap increases every year. What's it based on? Revenue? If so is there a chance the cap can be lowered??? Let's face it, there are less fans every where you go this year. This means less money comeing in to the owners and NHL. Add the fact that Hockey murchandise (sp) is probably low on some peoples Christmas list this year. There probably isn't a lot of movement here either. So based on these two things, can the cap go lower? Thanks

[MacK_Attack 108]

The cap is entirely tied to revenue. 55% (or whatever it is) goes to the players.

It will keep going up because the Canadian dollar is stronger and 40% of league revenues come from the six Canadian teams.

Edited December 7, 2007 by MacK_Attack

[toby91_ca 620]

Definately a chance it can be lowered and if the Canadian dollar weakens against the US, good chance of it lowering.

[MacK_Attack 108]

Definately a chance it can be lowered and if the Canadian dollar weakens against the US, good chance of it lowering.

It's going to hover around par, which would probably push the cap up. Plus, CBC is paying a lot more now for HNIC.

[Guest Canadian Wings]

It's already reported its going up for next year again, because revenues are increasing.

[toby91_ca 620]

It's going to hover around par, which would probably push the cap up. Plus, CBC is paying a lot more now for HNIC.

Oh, I didn't mean next year, I just meant in general.

[Guest DetroitIan]

The cap is entirely tied to revenue. 55% (or whatever it is) goes to the players.

It will keep going up because the Canadian dollar is stronger and 40% of league revenues come from the six Canadian teams.

Stronger then what? The U.S. dollar? Cause Im pretty sure you're wrong. I just went to Windsor a few months ago. And when I gave them 130 bucks, they gave me something around 190 dollars in Canadian. And vise versa when I came back into the States. The Canadian dollar is doing good. But im quite sure it's not as strong as the U.S. dollar.

Edited December 8, 2007 by DetroitIan

[2probert4 8]

Stronger then what? The U.S. dollar? Cause Im pretty sure you're wrong. I just went to Windsor a few months ago. And when I gave them 130 bucks, they gave me something around 190 dollars in Canadian. And vise versa when I came back into the States. The Canadian dollar is doing good. But im quite sure it's not as strong as the U.S. dollar.

It's much better than it used to be....

[BringHomeTheCup! 0]

Stronger then what? The U.S. dollar? Cause Im pretty sure you're wrong. I just went to Windsor a few months ago. And when I gave them 130 bucks, they gave me something around 190 dollars in Canadian. And vise versa when I came back into the States. The Canadian dollar is doing good. But im quite sure it's not as strong as the U.S. dollar.

You must have went before the recent 'crash' of the USD. I know about a month ago, the Canadian dollar was actually worth 5% more than the USD. Both are about even now.

[Guest DetroitIan]

You must have went before the recent 'crash' of the USD. I know about a month ago, the Canadian dollar was actually worth 5% more than the USD. Both are about even now.

Never heard of the recent "crash." But It must not have crashed too bad. I just looked it up, as of right now, the U.S. dollar is worth 70 more cents than the Canadian dollar. So if you had 130 U.S. dollars right now and went to Canada to exchange it, those 70 cents per dollar would add up to a decent amount. Im not a math wiz by any means, but I would imagine it would be about the same as it was a few months back. Somewhere around 130 U.S. = 190 Canadian.

http://finance.yahoo.com/currency/convert?...;submit=Convert

Edited December 8, 2007 by DetroitIan

[vangvace 12]

Never heard of the recent "crash." But It must not have crashed too bad. I just looked it up, as of right now, the U.S. dollar is worth 70 more cents than the Canadian dollar. So if you had 130 U.S. dollars right now and went to Canada to exchange it, those 70 cents per dollar would add up to a decent amount. Im not a math wiz by any means, but I would imagine it would be about the same as it was a few months back. Somewhere around 130 U.S. = 190 Canadian.

http://finance.yahoo.com/currency/convert?...;submit=Convert

you missed a zero. They are almost even. $100 US gets you $100.70 Canadian.

Oh and a couple months ago $100 US was getting you in the $90s Canadian.

[Guest DetroitIan]

you missed a zero. They are almost even. $100 US gets you $100.70 Canadian.

Oh yeah, my bad. It did seam a little high to me. The site wasnt comparing 100 dollars. It was comparing 1 dollar. So I misread it a little, lol. My Windsor trip was in in late June. And I absolutely got more Canadian money, for my American. I can't exactly remember how much more. But I know it was atleast 30 dollars more. Must have changed since then.

[Barrie 900]

This is for another discussion, but I think Canada and the USA should have a common Dollar, like they do in Europe. Expect for some differences in our Constitutions (guns and healthcare), entertainment and product wise, we're almost the same country.

Edited December 9, 2007 by Barrie

[Guest DetroitIan]

This is for another discussion, but I think Canada and the USA should have a common Dollar, like they do in Europe. Expect for a some difference in our Constitutions (guns and healthcare), entertainment and product wise, we're almost the same country.

I totally agree about the healthcare. It's actually pretty embarrassing that we don't have free healthcare for our citizens. A damn shame. Although I will say, it's nice to have the U.S. Army/Navy/Air Force to protect us. But in reality, I know we would protect Canada as well. Allies through and through.

Edited December 8, 2007 by DetroitIan

[BringHomeTheCup! 0]

This is for another discussion, but I think Canada and the USA should have a common Dollar, like they do in Europe. Expect for a some difference in our Constitutions (guns and healthcare), entertainment and product wise, we're almost the same country.

It's coming. It will be called the Amero. And you have no idea what it will bring. Like you said, it's for a different discussion. But if you are interested in fining out what's really going on, check out this site, it gives you the information, no bs attached.

Edited December 8, 2007 by BringHomeTheCup!

[eva unit zero 271]

I totally agree about the healthcare. It's actually pretty embarrassing that we don't have free healthcare for our citizens. A damn shame. Although I will say, it's nice to have the U.S. Army/Navy/Air Force to protect us. But in reality, I know we would protect Canada as well. Allies through and through.

FACTS:

The US Government spends more in taxpayer dollars on health care than the Canadian government.

The average tax burden to pay for health care for someone whose income is greater than $20k in Ontario is $600 per year for a single-person premium, which is about $50 per month. To cover my entire family, complete medical, dental, and vision coverage with Blue Cross PPO, I pay a similar amount.

What's so much better about Canadian health care? Someone who makes $20k can't get free health care in Ontario; they CAN get it in Michigan.

[Guest DetroitIan]

FACTS:

The US Government spends more in taxpayer dollars on health care than the Canadian government.

The average tax burden to pay for health care for someone whose income is greater than $20k in Ontario is $600 per year for a single-person premium, which is about $50 per month. To cover my entire family, complete medical, dental, and vision coverage with Blue Cross PPO, I pay a similar amount.

What's so much better about Canadian health care? Someone who makes $20k can't get free health care in Ontario; they CAN get it in Michigan.

Wow, never knew these things. Very interesting stuff.

[tweekvp 0]

FACTS:

The US Government spends more in taxpayer dollars on health care than the Canadian government.

The average tax burden to pay for health care for someone whose income is greater than $20k in Ontario is $600 per year for a single-person premium, which is about $50 per month. To cover my entire family, complete medical, dental, and vision coverage with Blue Cross PPO, I pay a similar amount.

What's so much better about Canadian health care? Someone who makes $20k can't get free health care in Ontario; they CAN get it in Michigan.

You are not comparing apple to apple. If you include your employers contibution to your Blue Cross coverage I would bet it would be far above the cost for the Canadian.

This discussion probably belongs in another thread though.

[eva unit zero 271]

You are not comparing apple to apple. If you include your employers contibution to your Blue Cross coverage I would bet it would be far above the cost for the Canadian.

This discussion probably belongs in another thread though.

I personally pay the same for better service. Employers make a contribution in Canada as well.

But you're right, this threadjack has gone on long enough.