Craig Leipold, Ryan Suter

Not every money-losing owner is a Leipold


Let’s start off with a little math:

If each team in the NHL had spent just enough to reach the salary cap floor in 2011-12, 57 percent of hockey-related revenue would’ve gone to the players.

Last year, 57 percent of hockey-related revenue was $1.87 billion.

On the other hand, if each team in the NHL had spent to the salary cap ceiling in 2011-12, 57 percent of hockey-related revenue would’ve gone to the players.

Last year, 57 percent of hockey-related revenue was $1.87 billion.

Sometimes it seems like not everyone understands this. Or, they’re choosing not to publicly.

“We’re agreeing to pay our players a certain percentage of our revenues. That’s a fixed dollar amount,” deputy commissioner Bill Daly told FAN 590 earlier in the week.

Again, “That’s a fixed dollar amount.”

In the new, yet-to-be-negotiated CBA, the NHL wants a reduction in the percentage of revenues going to the players because the league thinks 57 percent is too high. Such a reduction would result in the loss of salary for players via escrow, which is used to reconcile any “shortfall” or “overage” to the players as it relates to the revenue split.

Losing money to escrow would not be a new thing for the players. Five times since the 2005 CBA was introduced the players haven’t received as much as their contracts said they were supposed to receive.

Of course, twice they received more than their contracts said they were supposed to receive. You just don’t hear them talk about that very much.

Not once have the players received the exact amount their contracts said they were supposed to receive, because another contract – the CBA – overrides all.

So to those arguing it’s the damn owners that are paying the players too much, the owners, as a group, don’t have a choice. Last year, the players were going to get $1.87 billion, regardless of what total player salaries added up to on paper.

As individual teams, however, the owners have a choice. Take the case of the Minnesota Wild, which now boasts one of the league’s highest payrolls thanks to the massive contracts the club awarded Zach Parise and Ryan Suter.

That, for lack of a better term, may have been dumb. Minnesota is a mid-level market; it’s not Toronto or New York.

“Some clubs may spend poorly,” admits Daly.

But Wild owner Craig Leipold believed it was the kind of investment that needed to be made in order to reconnect with fans, get the team back into the playoffs and kick-start future revenue growth. And the only way he was going to get those players was to give them the kind of front-loaded deals the NHL wants to do away with.

Absolutely Leipold was hoping to claw back some of that salary in a new CBA. Was it distasteful? Perhaps. But Parise and Suter knew the score. So the players can spare us with the babe-in-the-woods routine (h/t FBI agent in Goodfellas).

From a public-relations standpoint, what Leipold did looked awful, and you can bet Gary Bettman wasn’t pleased. Most everyone would agree that owners who take massive financial gambles should have to feel serious financial hurt if they don’t work out. That’s business. And no owner should be guaranteed a profit every season.

But it’s unfair to throw Leipold in with all the other small- to mid-market owners that adhere to their self-imposed budgets. It’s those owners that need help, be it through more revenue sharing or reduced player expense. Chances are it will be through both. To which degree of each is the question.

Ultimately a new CBA won’t guarantee every team a profit, and nor should it. If an owner spends his money poorly, then that owner should lose money.

But as it stands, there are owners that could spend their money well and still lose money, and that’s not a sustainable model.

Fortunately, a deal is possible — this isn’t a broken industry.

Which is what makes all this so frustrating. We can see the deal through all the rhetoric and posturing and pandering to fans.

It just needs to happen.

‘It’s absolutely not true’ — Lemieux denies report of ‘big falling out’ with Crosby

EAST RUTHERFORD, NJ - OCTOBER 5:  Sidney Crosby #87 and Mario Lemieux #66 of the Pittsburgh Penguins share a few words during a break in action against the New Jersey Devils in their NHL opening night game at the Continental Airlines Arena on October 5, 2005 in East Rutherford, New Jersey.  The Devils won 5-1. (Photo by Bruce Bennett/Getty Images)

Well, that didn’t take long.

Just hours after Matthew Barnaby went on the radio and said he’d heard that Sidney Crosby and Mario Lemieux had had a “big falling out,” Lemieux came out and denied it.

“It’s absolutely not true,” said Lemieux, per the club’s Twitter account. “It’s silly.”

Today marked the second time in less than two weeks that the Penguins have been forced do some damage control.

Last week, the Penguins insisted that they weren’t actually “mad at each other,” as Evgeni Malkin had put it after a bad loss to New Jersey.

“He did not mean we are mad at each other,” said Crosby. “He meant we are frustrated.”

Matthew Barnaby has heard that Crosby and Lemieux had a ‘big falling out’

Sidney Crosby, Phil Kessel

Every day there seems to be another “thing” about the Pittsburgh Penguins.

We say “thing,” because we’re not really sure how to categorize it. It’s never anything concrete. It’s smoke, without definitive proof of a fire.

But whether it’s Evgeni Malkin saying the Penguins are “mad at each other”…or Guy Lafleur wondering if Sidney Crosby should try and find a new team…or a prominent NHL reporter like Elliotte Friedman talking about the “very tense environment” in the organization…

The clear insinuation is that all is not well in Pittsburgh.

The latest “thing”?

Ex-Penguin Matthew Barnaby has “looked into it” and what’s he’s heard is that Crosby and co-owner Mario Lemieux have had a “big falling out.”

“Now whether that pushes them to move him at some point? Whether he wants to move? That I don’t know,” Barnaby said today on SiriusXM, via Puck Daddy.

Again, it’s all just scuttlebutt at this point. After Malkin’s “mad at each other” remark, the players insisted that that wasn’t true. Malkin said he didn’t mean it that way.

So choose for yourself what to believe.

But despite the winning record, unless this team starts playing the way it was designed to play — i.e. scoring a lot of goals, not the 26th-most in the NHL — don’t be surprised if you hear more “things.”

The Penguins host St. Louis tonight.

Goalie nods: Marquee matchup as Price faces Lundqvist at MSG

Henrik Lundqvist
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Two of the NHL’s premier netminders will do battle tonight in New York, when Carey Price and the Canadiens visit Henrik Lundqvist and the Rangers.

Price, who’s played a pair of games since missing extended time with a lower-body injury, has won both of his starts and is now 9-2-0 on the year with a 2.10 GAA and .933 save percentage.

Great numbers, but nothing compared to the King.

Lundqvist — probably this year’s Vezina front-runner, after Price won last season — is a sparking 12-3-2 with a 1.74 GAA and .946 save percentage, posting shutouts in two of his last six starts.

One of those shutouts came in his last outing, a 31-save blanking of the Preds on Monday.

Now… with all that hype, we should tap the brakes. The last time PHT previewed a “goalie duel” was when Lundqvist and St. Louis’ Jake Allen engaged in a battle of the NHL’s two highest save percentages.

The Blues and Rangers then combined for nine goals, with Allen getting the hook 15 minutes into the contest.


Carter Hutton appears ready to give Pekka Rinne a night off in Buffalo, while the Sabres are going with Linus Ullmark once again.

Ryan Miller takes on Devan Dubnyk as the Canucks play in Minnesota.

Anders Nilsson will keep Cam Talbot bolted to the pine when Edmonton faces the ‘Canes. Cam Ward looks likely to go for Carolina.

Michael Hutchinson, not Connor Hellebuyck, for the Jets in Washington. The Caps will start Braden Holtby.

— Another good matchup in Pittsburgh, as Jake Allen and the Blues take on Marc-Andre Fleury and the Penguins.

Sergei Bobrovsky goes for the Jackets tonight, while the Devils counter with Cory Schneider.

— In Brooklyn, Jaroslav Halak starts for the Islanders. The visiting Flyers will go with their No. 1, Steve Mason.

— Sounds like Jonas Gustavsson will go up against his former team when the Bruins take on the Red Wings in Detroit. He’ll square off against Petr Mrazek.

Mike Smith returns from a lower-body injury to get the nod for Arizona. Hard to say what the Ducks are going to do: Frederik Andersen has the flu, Anton Khudobin got yanked last night against Calgary, and John Gibson came on in relief for the win.

Jonathan Quick is likely for the Kings tonight. They’ll be taking on Ben Bishop and the Bolts in Tampa Bay.

Craig Anderson for Ottawa tonight, Semyon Varlamov for Colorado.

Martin Jones, the NHL’s reigning first star of the week, is in for the Sharks against the visiting Blackhawks. Corey Crawford counters for Chicago.

Stars’ Lehtonen (upper body) day-to-day

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The collision that forced Kari Lehtonen from his relief appearance in last night’s loss to Ottawa could keep him off ice four a couple of days, Stars head coach Lindy Ruff confirmed.

Lehtonen, who entered the contest after Antti Niemi allowed three goals on nine shots, was injured just over a minute into the third period when d-man John Klingberg crashed into the Dallas net.

Ruff suggested a goalie would be recalled from AHL Texas in time for the Stars’ next game, which is on Friday against the Canucks.

While losing Lehtonen would hurt the Stars — he’s 9-1-0 this year with a .921 save percentage and 2.41 GAA — the club can fall back on Niemi who, despite the rough outing against the Sens, has been OK this year.

Niemi has a 8-4-1 record, though his GAA (.264) and save percentage (.907) leave something to be desired.