Philly.com - Gary Bettman is very cautious of the salary cap going forward.
Commissioner Gary Bettman said yesterday that he expects the salary cap to be "about where it was this year" for next season, but there's more uncertainty about 2010-11. The collective bargaining agreement, reached after the 2004-05 NHL lockout, is set to expire in 2011. Players could vote to extend it for another year.
The recent decline of the Canadian dollar will also affect revenues, Bettman said.
I have but two simple points to make on this issue. First, why did the salary cap have to move up so quickly? If it stayed low(er) then players salaries would have adjusted and proportionately it would have worked just fine. Secondly, how is it logical to include a clause that would lower the salary cap? That's the most asinine thing I have seen the NHL do, as teams have signed players to extremely long contracts and while the salary cap goes down, the players salary as a cap hit does not go down. Would it have not made more sense to raise the salary cap at a much slower pace, and ensure that when it was raised, it was to a level where no retraction was necessary? This all comes from the lockout and the need to ensure that owner profits don't take a hit (which is fine), but some forethought to the envitability of an economic slowdown or recession would have been welcome.
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