Craig Leipold, Ryan Suter

Not every money-losing owner is a Leipold

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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.

Brennan, Granberg among list of players put on waivers

VANCOUVER, BC - MARCH 14:  T.J. Brennan #25 of the Toronto Maple Leafs skates with the puck in NHL action against the Vancouver Canucks on March 14, 2015 at Rogers Arena in Vancouver, British Columbia, Canada.  (Photo by Rich Lam/Getty Images)
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Veteran defenseman T.J. Brennan lit up the American Hockey League last season, with 25 goals and 68 points in 69 games to earn a two-way deal from the Philadelphia Flyers in July.

That deal came only three months after he received the Eddie Shore Award as the AHL’s top defenseman.

But on Friday, he was placed on waivers by the Flyers, as per Renaud Lavoie of TVA Sports, and is available to be claimed by another NHL team within a 24-hour span.If not, he can be reassigned to the minors.

Still, for Brennan, he chose this summer to remain in North America for a chance at the NHL. It was reported in June that he had received a “lucrative” offer from a KHL team, leading to talk he could take his talents to that league for the 2016-17 season.

That was before his deal with Philadelphia.

Petter Granberg of the Nashville Predators was also waived Friday.

Granberg, a 24-year-old depth defenseman, and the Predators were able to avoid arbitration this summer when the two sides agreed to a two-year, two-way, $1.225 million contract. It was suggested that he could take on more responsibility with the Predators this upcoming season.

In total, 25 players were placed on waivers Friday (check out the list here, here, here and here). Also on that list is former first-round pick Jordan Caron, who was waived by the St. Louis Blues.

Sharks prospect Meier out four weeks with mononucleosis

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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The San Jose Sharks have revealed the illness that prospect forward Timo Meier has been dealing with during training camp.

A statement from Sharks general manager Doug Wilson:

Timo Meier is expected to be unable to play in any NHL or AHL games for approximately four weeks after being diagnosed with mononucleosis. He will remain in the Bay Area where he can skate and train as his recovery allows.

It was reported yesterday that Meier, selected ninth overall in 2015, had been held off the ice for five straight days due to the illness. It was also noted that his time away could open the door for other prospects to perhaps crack the roster.

The fact he’s expected to be out for up to four weeks means that, unless something changes, he won’t be ready for the start of the regular season.

On Friday, prior to the Sharks providing an update on his illness, the San Jose Mercury News reported that Meier skated with his teammates earlier in the day.

“I’m trying to stay positive,” said Meier. “I’ve only missed preseason games and obviously, still trying to make the team. But I still have some time and I’ll try to make the most of it once I’m back.”

Byfuglien leaves Jets preseason game with lower-body injury (Updated)

WINNIPEG, MB - FEBRUARY 11: Dustin Byfuglien #33 of the Winnipeg Jets prepares for the faceoff in second period action in an NHL game against the Boston Bruins at the MTS Centre on February 11, 2016 in Winnipeg, Manitoba, Canada. (Photo by Marianne Helm/Getty Images)
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The Winnipeg Jets will be without defenseman Dustin Byfuglien for the remainder of Friday’s exhibition game versus the Edmonton Oilers.

The Jets announced that Byfuglien will not return for the third period due to a lower-body injury.

Byfuglien was involved in a scuffle with Matt Hendricks earlier in the game. Ken Wiebe of the Winnipeg Sun reported on Twitter that Byfuglien went to the dressing room during the off-setting penalties.

Update: The Jets later announced that Byfuglien was held out of the remainder of the game for “precautionary reasons.”

NHL’s participation in 2018 Olympics still undecided, but World Cup expected to return in 2020

TORONTO, ON - SEPTEMBER 29:  Sidney Crosby #87 of Team Canada carries the World Cup of Hockey Trophy after Canada defeated Europe 2-1 during Game Two of the World Cup of Hockey final series at the Air Canada Centre on September 29, 2016 in Toronto, Canada.  (Photo by Bruce Bennett/Getty Images)
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TORONTO (AP) The World Cup of Hockey will return, without a doubt, and avoid another 12-year break.

NHL Deputy Commissioner Bill Daly and NHLPA Executive Director Don Fehr both confirmed for The Associated Press on Friday that they expect the next World Cup of Hockey to be in 2020.

It is much less certain whether the best players will go to South Korea to participate in the 2018 Olympics.

International Ice Hockey Federation President Rene Fasel told the AP on Tuesday the odds of NHL players going to the Pyeongchang Games were 50-50, a slight upgrade from his forecast in May.

Later the same day, Daly said he felt more “negative,” about the chances the league’s players will be in a sixth straight Olympics due to the International Olympic Committee’s decision to not pay for NHL players’ travel and insurance as it has in the past.

Fehr, who represents players who have made it clear they want to be in the Olympics, said he’s more optimistic than pessimistic a deal will get done.

Related:

Daly: NHL could skip 2018 Olympics and return in 2022

Alex Ovechkin again says he plans to play in 2018 Olympics even if NHL doesn’t participate

The union head insisted he isn’t concerned about the IOC’s stance.

“Everybody understands that nobody’s going to risk their career and future earnings and all the rest of it in return for no compensation and no coverage,” Fehr told the AP. “No one will do that. They understand that. That’s been a given for a long, long time. If it plays out that way, which I do not expect it to play out that way, we’ll deal with it.”

The IOC isn’t buying the banter.

“I think both sides are playing poker,” president of the International Ski federation Gian Franco Kasper, who represents winter sports on the IOC executive board, said Friday in an interview with the AP.

The IOC does not want to continue its past practice of paying for NHL players’ travel and insurance because it doesn’t want to have to do the same for athletes in other sports.

Fasel said it is his job to raise the money needed, which he estimates to be about $10 million. Fasel said he plans to “beg,” for the funds from national Olympic committees and hockey federations. He acknowledged using some of the $40 million the IOC gives the IIHF to fund its programs, including development opportunities for boys and girls, could be used to bring the best hockey players to South Korea.

Daly said the NHL would like a final decision to be made by the end of the year so that it can set the 2017-18 schedule with or without a break midway through the slate for the Olympics.

The World Cup of Hockey, which the NHL and NHLPA teamed up to bring back for the first time since 2004, does not conflict with the league’s schedule because the games were played during training camp and early preseason games.

Playing hockey in late September, however, is not an ideal time to draw TV viewers in the U.S. in part because of interest in the NFL, college football and baseball.

Game 1 with Canada and Team Europe in the World Cup finals on Tuesday night – without direct competition from football – drew just 494,000 viewers on ESPN. A mere 297,000 people tuned in to watch Sweden face Europe in the semifinals on Sunday afternoon on the cable network. With a potentially interesting matchup with Canada and Russia, just 353,000 were watching hockey on ESPN.

Daly acknowledged it was a “challenge,” to engage Americans enough to watch the event. It did not help that the U.S. and North American Under 23-teams didn’t make it to the semifinals of the eight-team tournament.

It was also, surprisingly, difficult to fill seats at the home of the Toronto Maple Leafs despite being in hockey hotbed even though the league said ticket sales went very well. It seemed many more people were interested in attending Toronto Blue Jays games when world-class hockey matchups and playoff-push baseball games were played at the same time.

The level of hockey, at times, was impressive. And, the atmosphere was electric when Canada rallied from a one-goal deficit in the final few minutes Thursday night to beat Europe 2-1.

During many stretches of play, however, the World Cup of Hockey didn’t do enough to fire up fans in attendance.

Days before Canada beat Europe 2-0 in the best-of-three series to win the World Cup, Canadian coach Mike Babcock seemed to sum up the situation best.

“The World Cup is great. It’s not the Olympics,” Babcock said in an unsolicited comparison of the two events. “Let’s not get confused.”