Thursday, February 17, 2011

An NHL team must have a salary room of their own

The game: Montreal Canadiens' vs. Edmonton Oilers. Jordan Eberle is back. James Wisniewski is out. Eberle and Ryan Jones just scored 15 seconds apart to make it 3- 1 in the third period.

In case you need to put the name and the talent to the face: Oregonlive has a great feature about top prospect Ty Rattie, complete with photos. Read all about it at

The rule: Article 50.5, Payroll Range System; Lower Limit and Upper Limit; Payroll Room; Lower Limit and Upper Limit Accounting.

Part 2 of (a) Overview of Operation of Team Payroll Range: For purposes of calculating any Club's "Payroll Room" at a given point in time, the Upper Limit for such League Year shall be measured against the Club's "Averaged Club Salary" as defined below. Any Club with an Averaged Club Salary that is less than the Upper Limit has available Payroll Room in the amount of the difference between the Averaged Club Salary and the Upper Limit. As set forth below, if a Club has Payroll Room during a League Year, the Club may use such Payroll Room to contract for or otherwise acquire additional Player Salaries and Bonuses. A Club may contract for or otherwise acquire additional Player Salaries and Bonuses only to the extent of its Payroll Room, subject, however, to certain limited exceptions as set forth herein.

Morals of the story:

The game: Of course there's an exception. How else could you get away with the Kovalchuk deal?

Life: Think of all those gazillionaires on Wall Street who never would have made all that money if there was an Upper Limit on unscrupulous stock trader salaries. And if they did, they would have been traded away to a lesser brokerage firm for a lower salary. And all those working class citizens who socked away their money in stocks, bonds, mutual funds and whatever else wouldn't be putting off retirement or coming out of it altogether to make milkshakes at McDonald's.

Next up: Article 50.5, (b) "Lower Limit" and "Upper Limit."

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