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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.

Penguins push Capitals to brink of elimination with OT win

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The Pittsburgh Penguins ended a long run of playoff overtime struggles on Wednesday … and are now one win away from ending the Washington Capitals’ season.

Many expected the Penguins to crater on defense without Kris Letang (they were 2-8-1 in the regular season without him). While there were shaky moments, Pittsburgh emphasized its speed and other strengths in taking a 3-2 overtime thriller against Washington.

With that, the Penguins’ series lead grows to 3-1.

It was a thrilling, sometimes nasty contest, from Sidney Crosby shaking off an Alex Ovechkin slash, to Evgeni Malkin delivering a hit some thought was over the line and plenty of typical playoff skirmishes.

Ultimately, Matt Murray played another strong game and Patric Hornqvist scored the overtime-winner to put the Capitals in a tough spot.

The Penguins lost their previous eight playoff overtime games, so maybe it was just a matter of time before such a game went their way?

Then again, the history between the two teams is a little different:

If the Capitals want to advance beyond the second round for the first time in the Ovechkin era, they’ll need to accomplish quite the feat against arguably the hottest team in the NHL.

Sidney Crosby looks hurt (and furious) after Alex Ovechkin slash

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NBCSN screen
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Sidney Crosby is known to get fiery, but even for his feisty standards, he was furious during the third period of Game 4.

An Alex Ovechkin slash caught Crosby on the hand, leaving the Pittsburgh Penguins star shaking his mitt and pleading for a call.

After that, Crosby left to get his hand looked at … but not before flipping out and destroying his stick.

You can watch it happen in the GIF and the videos above.

Crosby was able to return not that long after that moment, although we can only speculate regarding how his overall game will be affected if his hand isn’t 100 percent.

Dirty or not? Evgeni Malkin’s hit on Daniel Winnik

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Tensions seem to rise with every passing game in the playoffs, particularly in a series with bad blood like the one between the Pittsburgh Penguins and Washington Capitals.

Kris Letang was suspended for his hit in Game 3, and some wonder if Evgeni Malkin should suffer a similar fate for his check on Daniel Winnik on Wednesday.

Winnik left the contest and has not yet returned during the third period.

Take a look at the hit in the video above and decide for yourself.

Blues aim to raise money for victims of Fort McMurray fires

An evacuee puts gas in his car on his way out of Fort McMurray, Alberta, as a wildfire burns in the background Wednesday, May 4, 2016. The raging wildfire emptied Canada's main oil sands city, destroying entire neighborhoods of Fort McMurray, where officials warned Wednesday that all efforts to suppress the fire have failed.  (Jason Franson /The Canadian Press via AP) MANDATORY CREDIT
AP
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Fires devastated the Canadian city of Fort McMurray, and the St. Louis Blues are doing their part to help those who were affected.

Here’s what the team is doing to raise money during Game 4 against the Dallas Stars:

Proceeds raised through the team’s 50/50 raffle and the Blues for Kids silent auction will benefit families who have been misplaced by the fires.

Blues forward Scottie Upshall shared his thoughts with the Associated Press regarding several family members being among those evacuated from the area.

“It’s been a great city, a city that’s survived for many years through some tough times and for me, growing up there doesn’t seem too long ago,” Upshall said. “Places that probably aren’t standing anymore will be really, really tough to take. But as long as everyone’s OK, that’s the main thing.”

Other people from around the hockey world weighed in on the scary scene, including Ottawa Senators defenseman Chris Phillips, who told the Ottawa Citizen that “it hurts a lot.”

People shared some scary sights from the evacuation.