Under the current CBA, NHL players are supposed to receive 50 percent of hockey-related revenues, with the owners getting the other half. Occasionally, however, the two sides can’t agree how to add up the revenue. Such is the case, apparently, when it comes to the New York Islanders and their cable TV deal.
When Charles Wang bought the Islanders in 2000 for $187 million, $30 million of the purchase price was allocated to the team’s lucrative cable television contract, which belongs to MSG. The disagreement between the Islanders and the NHLPA is how the amortization (non-cash expense) should be treated when counting the team’s revenue for purposes of calculating the league’s salary cap. This season players are entitled to 50% of hockey-related revenue, according to the collective bargaining agreement between the players and owners that took effect last season.
Based the CBA, the Islanders claim they should be allowed to reduce their annual revenue by the amount of the annual amortization of the cable contract (a few million dollars a year). The NHLPA believes the Islanders should not be able to lower their revenue–and thus the amount of revenue that the players are entitled to–with a paper expense because the team is getting the full amount of the cable fee (over $20 million this season).
Again, this happens from time to time. For example, with the $25 million payment the Phoenix Coyotes received from the City of Glendale during the 2010-11 season. The union wanted that counted as HRR; the NHL didn’t. That dispute went to arbitration, according to the Globe and Mail.
As for this case, sources tell Forbes the Isles are likely to prevail.
We’re sure you can’t wait to find out for real.
Raanta rewards Rangers for starts over Lundqvist by blanking Blackhawks
If someone told you that the New York Rangers started a goalie on back-to-back nights, and that goalie wasn’t Henrik Lundqvist, you’d probably wonder if he was hurt or retired.
Nope. It just so happens that Antti Raanta is playing at an incredibly high level, Alain Vigneault noticed, and that decision paid dividends on Friday night. Raanta won both nights of a back-to-back, allowing a single goal (with the Rangers protecting him, being that he only needed to stop 43 of 44 shots during that span).
Raanta and the Rangers blanked the Chicago Blackhawks with a 1-0 overtime win, at least briefly climbing to first place in the massively competitive Metro Division:
1. Rangers – 39 points in 29 games played
2. Penguins- 37 points in 27 GP
3. Blue Jackets – 36 points in 25 GP
4. Capitals – 35 points in 26 GP
5. Flyers – 35 points in 29 GP
Nick Holden ended up scoring the only goal of the game:
Meanwhile, the Blackhawks lost but at least salvaged a standings point and it seems like Patrick Kane is OK after this injury scare:
Raanta improved to 7-1-0 on the season, allowing two goals or less in all but one of his appearances so far this season. That’s the kind of work you’d expect to see if you’re going sit a guy who’s, you know, a living legend.
Blue Jackets remain in thick of things in Metro on tough night for Red Wings
As the Columbus Blue Jackets keep rolling, the Detroit Red Wings are probably just happy to get Friday behind them.
For the second straight game, the Blue Jackets beat their opponent 4-1.
They’re now on a five-game winning streak, and like the climbing St. Louis Blues, things look great if you go back a little further. They’re 10-1-2 in their last 13 games and 13-2-3 since November began.
The New Jersey Devils have been incredibly difficult to beat at home. Lately, the St. Louis Blues have been on a roll just about anywhere.
On Friday night, the Blues were the hotter team, handing the Devils their first home loss in regulation in 2016-17. And it wasn’t particularly close, with St. Louis winning 4-1.
It’s a convenient time to note that the Blues rank among the hottest teams in the NHL. Most recently, they’re 5-1-1 in their last seven games, but they’ve been especially impressive since they flirted with .500 at 7-6-3. Beginning with a 4-1 win against the Buffalo Sabres on Nov. 15, the Blues are on a 8-2-1 tear.
This leaves them second in the Central with a 16-8-4 record.
That’s impressive stuff.
This 4-1 win was quite the showcase for Robby Fabbri and Vladimir Tarasenko, in particular. Tarasenko collected three assists while Fabbri scored two goals on Friday night. His second goal was particularly slick:
The Blues are right in saying that this was a pretty fitting opportunity to drop a “Holy Jumpin.”
Minnesota Wild goalie Devan Dubnyk has been the most difficult goalies to score against this season. Leave it to a high-level player like Leon Draisaitl to make it look this, well, “easy.”
Draisaitl scored his 13th goal of 2016-17 by capping this pretty give-and-go play with Benoit Pouliot. You can see the frustration from Dubnyk at the end of the tally, as if he was saying “How was I supposed to stop that?” (though probably with more colorful language).
Draisaitl came into Friday with five goals and three assists in his last five games, so he’s been almost unstoppable lately.