In a free market, business owners are not allowed to concluded to set prices either for product or for labour, its illegal, but that's what the NHL owners want to do. They also, restrict the free entry into the business so again its a restricted market.
The only thing the NHL are proposing is setting a hard salary cap for the team. The prices of individual players havent changed? The reality of it is that players salaries have to come down which I may add the NHLPA offered a 24% rollback of over 5 years. the NFL have a hard salarycap and the MLB have a cap with strings too, this is nothing new in pro sports and is not illegal? I havent seen the government go sfter these organisations yet have you? (apart from steroids :wink: ) There are catergorized free agents which I cant defend but to imply that the NHL is a restricted market with a salary cap in just laughable.
Each owner is allowed to buy labour at whatever price they want, if they are paying too much in labour costs to support their business then too bad.
Each player has the right to sell his labour to the highest bidder, whether individually or through collective bargaining.
And isnt every free agent doing that? the player has the right to sell his labour at what ever price he likes there's no restriction on that but the owner on the other hand can only buy what he can afford. Do you deny an owner that? It's not just 'too bad' if a an owner is paying too much for his labour costs. There is a need for reform, not in the sense of owners making more profit as to just to break even at the end of a season. I dont begrudge them that. And as a matter of fact these NHL players are selling their labour to the highest bidders in europe.But do you think that theyre getting the same money as what they did in the NHL? The short answer is NO.
I have absolutely no sympathy for the NHL and its business problems, if a business is not profitable, it should go out of business.
The problem is, the NHL wants to run their operations as a business when it beneficial to them and a restricted and protected monopoly when its not.
To be quite honest I could give a bigger crap if you had any sympathy or not for the NHL. The reality of it that the NHL have made mistakes running up to this dispute but so have the PA too. The league is in trouble and they need to do something about it. You tell me any other creditable professional league in the USA or beyond who isnt running their league as a business?
Take the case of Leeds, they bought and paid players that were beyond its operating costs and then paid the price, they had to sell off their assets and as a result their performance suffered, fair enough, bad business.
Thats not completely true is it? They did have a huge wagebill but once they got relegated they had to bail out. Every team which is relegated have to do that. Some of the blame for that goes to your big greedy clubs who want all of the revinue what the league takes. Hence why the premiership is the cash cow for all these big clubs.