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Tackling how the US debt debacle might affect the NHL

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In case you haven’t been paying attention to news and politics lately (it’s OK, we understand that little-to-none of the news has been good), the United States’ credit rating went from AAA to AA-plus according to Standard & Poor’s. It’s been called “an unprecedented blow” to the American economy and could “eventually raise borrowing costs for the American government, companies and consumers.”

If you’re visiting this hockey blog to escape that nightmare story, we apologize. The sad reality is that real-world economics often invade the comfy bubble of low-stakes sporting events.

On the Forecheck’s Dirk Hoag did a fantastic job of explaining how this scary situation might affect the NHL in general today. After giving an overview of how the values of the Canadian dollar and the American dollar changed over the years – and how those fluctuations affected the NHL in that time – Hoag gave three hypotheses on how this latest crisis might affect the highest levels of hockey.

Let’s take a look at each of the the main points he made.

1. More Canadian teams spending closer to the cap

… A windfall gain due to currency shifts could make it easier for those teams to boost their player salaries for the upcoming season, and/or increase off-ice spending to gain edges elsewhere (Calgary recently hired Chris Snow to conduct video & statistical analysis, while Toronto has a front office loaded with ex-GM’s from around the league).

Could these shifts also mean more Canadian teams, period? It certainly gives an extra bit of credibility to hockey-starved Quebec, if they could ever get that pesky NHL arena built.

2. Small market American teams face an additional challenge

The NHL has a revenue sharing plan that can benefit the league’s smaller markets, but those markets must reach certain spending and revenue benchmarks to enjoy those benefits. Here’s how Hoag described that possible situation.

For a team which earned a full share in 2010-2011, missing that target next year would mean they’d only get 75% for 2011-2012, a hit which could easily amount to $3-5 million depending on individual circumstances. Teams missing those targets for the second consecutive year only get 60% of their share, and for 3-year (or more) offenders, they get 50%.

The third point is more about minutiae, unless you’re asking Dan Ellis.

3. Players may benefit from decreased escrow

Again, that’s a concern that probably doesn’t register with many fans, but read the post if you’re curious.

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So, the basic takeaway is that Canadian teams could benefit across the board while small market (non-traditional?) American teams might be under even more stress if the downgrade has a significant impact on American currency. In a way, it almost seems like Canadian teams are getting revenge for the ’90s, when their teams were bleeding money and the Sunbelt expansion was in full swing.

Of course, while Hoag’s post is grounded in logic, it’s still speculation at this point. That being said, could the NHL actually consider putting together an American Assistance Plan in the next Collective Bargaining Agreement to echo the Canadian version from the latest one? There are all kinds of possibilities at play here … and most of them are rather depressing.

We could have more than a year to discuss these and many other issues as the CBA races toward expiration, although most of us will spend the majority of our time simply begging for both sides to avoid another lockout.

Against the odds: Team Europe provides Team Canada’s most difficult challenge in World Cup

TORONTO, ON - SEPTEMBER 29: Team Europe looks on after their defeat to Team Canada for the World Cup of Hockey Championship during Game Two of the World Cup of Hockey final series at the Air Canada Centre on September 29, 2016 in Toronto, Canada. Team Canada defeated Team Europe 2-1.  (Photo by Peter Power/Getty Images)
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The World Cup of Hockey is over. It received praise and it received criticism in its return.

In a twist from previous tournaments, organizers decided to field a Team North America, consisting of players under the age of 23 from the U.S. and Canada, and a Team Europe, consisting of players from eight different countries outside of Sweden, Finland, Czech Republic and Russia.

Both teams were called gimmicks.

Against the odds — 33/1 to win the tournament when it began — Team Europe overcame a sluggish start in the pre-tournament round to nearly force a third and decisive game in the World Cup final versus powerhouse Canada.

At the beginning, the addition of Team Europe, led by Anze Kopitar, to this competition looked to be a regrettable idea. Team North America skated them into the ground in those pre-tournament games.

Team Canada’s depth and skill was something to behold. Many of this team’s players have come together at the Olympics, and before that, the world juniors. This should give you an idea of their domination the last six years: Sidney Crosby is now 25-0 in his last 25 games for the Canadian national team dating back to the 2010 Olympics, according to the NHL.

After being by far the best team in this tournament through the round robin and semifinal, Team Canada was tested in the final. On Thursday, Team Europe played great for 57 minutes and was that close to winning the game, before Canada’s improbable comeback.

“They played their hearts out. When you see the minutes on some of the guys and you see the effort of players that reached for their potential all the way through the game, it’s extremely painful to see the final result,” Team Europe coach Ralph Krueger told reporters.

“But I feel nothing but pride of the way this group performed today, the challenge they put up against Canada. This group just continued to surprise and beat the odds and beat the thoughts of everybody that was watching.

“I think we turned this into a hell of a final, which nobody expected, and it was certainly the best game played by anybody against Canada in this tournament was today. And now we have to digest it.”

Not bad for a team considered to be a gimmick.

Video: Brad Marchand buries late short-handed winner for Team Canada

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On Monday, Brad Marchand signed a lucrative eight-year, $49 million contract extension with the Boston Bruins.

On Thursday, he scored the winning goal — on the penalty kill — for Team Canada, as it fought back to win Game 2 of the World Cup final by a score of 2-1. Patrice Bergeron and Marchand scored 2:09 apart late in the third period, as the Canadians came back to stun Team Europe, which had controlled a good portion of Thursday’s game.

While it had been the line of Bergeron, Sidney Crosby and Marchand that had caused the opposition problems in this tournament, Jonathan Toews actually set up the winner, as he rushed up the ice on the penalty kill and dropped to Marchand.

The Bruins forward then ripped a shot past Jaroslav Halak.

Not a bad few days for Marchand.

Team Canada stuns Team Europe with late comeback to claim World Cup

TORONTO, ON - SEPTEMBER 29: Patrice Bergeron #37 of Team Canada is congratulated by his teammate Steven Stamkos #91 after scoring a third period goal during the third period during Game Two of the World Cup of Hockey final series at the Air Canada Centre on September 29, 2016 in Toronto, Canada. The Team Canada defeated the Team Europe 2-1.  (Photo by Peter Power/Getty Images)
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John Tavares hit the post on a wide open net. Steven Stamkos whiffed on a one-time slap shot attempt. And Team Europe shut down every other player wearing red and white — for about 57 minutes.

Yup. It looked like it would be that kind of night for Team Canada.

After running through the World Cup competition during the round robin and semifinal portions, Canada was facing the possibility it could suddenly be forced into a third and decisive game against an underdog Team Europe.

Cue an improbable comeback.

Down 1-0 and finding it difficult to get anything going offensively, it started for Team Canada with a power play goal on a deflection from Patrice Bergeron. And then, with 44 seconds remaining in regulation time, the Canadians struck again, this time on the penalty kill, as Jonathan Toews set up Brad Marchand for what turned out to be the winning goal.

Team Canada, which has won back-to-back gold medals at the Olympics, claims the World Cup, winning Game 2 on Thursday by a final score of 2-1. Sidney Crosby was named tournament MVP.

As per David Amber of Sportsnet, Crosby joins Joe Sakic as the only two players to win the World Cup, Olympic gold, world championships, world juniors, Stanley Cup, Hart Trophy and the Conn Smythe Trophy.

Team Canada had surged by its opponents thanks to such a deep, skilled lineup and the goaltending of Carey Price. But after taking the first game of this best-of-three series, the Canadians looked completely out of sync in the second act.

They weren’t the faster team, especially in the first period.

They turned the puck over. They gave up too many odd-man rushes. Their power play didn’t capitalize — until it mattered the most.

If it weren’t for the play of Price, this one could’ve been a blowout. His best save came off Marian Hossa late in the third period.

Since the elimination of Team USA, Team North America, Team Russia and Team Sweden, it seemed like the drama would be drained from this tournament as it came to its close, the Canadians looking like a runaway champion.

The final seemed like it was only a formality.

For a long time Thursday, it looked like Team Europe could actually force a Game 3. But Canada has found another way to win.

But this time, it was far from a dominant effort.

Report: No timetable for Sharks’ Meier to return from illness

SUNRISE, FL - JUNE 26:  Timo Meier poses for a portrait after being selected ninth overall by the San Jose Sharks during the 2015 NHL Draft at BB&T Center on June 26, 2015 in Sunrise, Florida.  (Photo by Mike Ehrmann/Getty Images)
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Timo Meier and the San Jose Sharks aren’t taking any chances.

An illness, reported to initially be strep throat, has kept the prospect forward off the ice for five straight days, as per Kevin Kurz of CSN Bay Area. There is no timetable for his return, the report adds, and that could have an impact on whether Meier makes the Sharks roster out of training camp.

From CSN Bay Area:

The illness has likely diminished Meier’s chances to make the opening night roster, as he’ll miss the Sharks’ second preseason game on Friday and will probably not be in any condition to play on Sunday in Vancouver, either. It was thought before camp that the ninth overall pick from the 2015 draft was ready to seriously challenge for a spot on the Sharks, perhaps even as a replacement for Tomas Hertl on the top line if Hertl becomes third line center.

Meier spent last season in the QMJHL, where he scored 34 goals and 87 points in 52 games split between the Halifax Mooseheads and Rouyn-Noranda Huskies.

It was around this time last year the Sharks sent Meier back to junior, after he left quite an impression on the Sharks coaching staff during the preseason.