"Waiting Another Year" - A discussion regarding the NHL Lockout resulting in the cancellation of the 2004-2005 season.

The expiration of the 1993-1994 collective bargain agreement between the NHL musician?s union and the owners feature with the inability to negotiate a new deal resulted in the lockout of NHL athletes and the hind endcellation of the entire 2004-2005 season. A study problem for the group discussion at the time was the receipts aline of the income statement, which led to owners pushing for a salary cap. Other problems in negotiations (that were finally settled on July 13, 2005) included a payroll de fragmentisement department tax, revenue sharing, arbitration, and unembellished agency (Fitzpatrick). To examine the lockout, we can cover the issue of revenue and the disagreements stemming from it. Finally, we can see how the results of the lockout specify that the owners obtained a major conquest from the lockout. Since revenue button was a good deal(prenominal) a huge part of the disagreements, the NHL hired Arthur Levitt to analyze the conference?s finances. Levitt (who was paid by the owners to do the study) concluded that the league baffled $273 trillion in 2002-03 while spending 76% of its revenues on sham salaries. Forbes examined the uniform study and determined the loss was $123 million and that the league washed-out 66% of revenue on salaries (Staudohar). This win over the players that they could not trust the owner?s method of account revenue. However, the owners were convince they were spending too much money on salaries.

The tables show how the salaries were increasing every twelvemonth and that the NHL was spending the just well-nigh revenue (compared to the other three major sports) on salaries. Because of the set mentioned above, the owners wanted ?cost certainty,? or a ?rational and enforceable relationship between revenues and player salaries? (Fitzpatrick). This can be translated to a salary cap-the main wrinkle that caused the cancellation of the season. The players thought the... If you want to amaze on a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper