Friday, September 7, 2012

NHL Lockout: Greed Taketh All


I find nothing more frustrating than labor disputes in sports.  Fat cat owners sit down with players, themselves part of the famed 1% in America, to discuss how they can best split up the money.  Make no mistake about it, economics drive every sports labor dispute.  Which sheckels go to whom dominates these discussions, and the NHL has been no different.

The main issue at play: splitting up hockey-related revenue.  In the NBA and NFL, the players and owners split revenue approximately 50-50, an “industry precedent” that NHL owners would like to follow.  Not so fast, because what exactly does hockey-related revenue mean?  No one knows.  NHLPA president Donald Fehr knows he can’t explain it to reporters and the wider public, and thus far the only information boils down to a desire by the owners to take more out of hockey-related revenue.  In essence, redefine the term itself.  Doing so would limit the pie from which the owners and players share, which can only hurt the players in a revenue-sharing agreement.  As if that wasn’t enough, the percentage of sharing also occupies a prominent place in these negotiations.  The NHLPA currently receives 57% of that revenue, a holdover from the previous CBA after the lost 2004 season.  Owners, predictably, want to decrease that share. 

After that question, an interesting development shows in the various proposals of both sides: a salary cap.  After 2004, the NHL and NHLPA agreed to a salary cap which limits, by definition, the amount that players can make.  Entering these negotiations, NHL owners pushed for a decrease in that salary cap but wanted to increase the lump sum to be shared with the NHLPA from $150 to $190 million.  Sounds great in principle, but the NHLPA contends revenue sharing should not come at the expense of player salaries.  Remind you of the current debt debate in politics now?

While the cap issue sounds like a big deal, the NHLPA deserves credit for not panicking.  The original NHLPA proposal included the salary cap structure and proposed decreasing the cap incrementally ever year over the duration of their proposed agreement.  For those who remember the 2004 lockout, the proposals from both sides tried to fundamentally change the league’s structure.  That the players accept the need for some salary cap should be acknowledged by owners as accommodating and a starting point for common ground.

But, like all lockouts, the tension within the ranks of ownership also plays a role here.  Big market clubs want to capitalize on record NHL revenues to keep more of it away from the players.  Hence, the proposals for decreasing the definition of “hockey-related revenue” and lowering the salary cap.  Small market franchises, as always in these situations, seem to be behind the bigger owners…for now.  The reason for solidarity now: owners make their payday when they sell their teams.  Since 2004, according to Forbes, the average NHL franchise’s value increased by 47 percent.  That’s a huge return for ownership, so any plan to bundle more value into a franchise will be accepted on their end, unless the players can drive a wedge in that thinking.

And it appears they have done so.  A little-known part of the players’ association proposal calls for an Industry Growth Fund, which would pool money from big market teams.  That pool would then be paid out to the smaller, more risky franchises in a manner determined by the commissioner’s office.  As far as constructive proposals go, that sure looks good on paper.  Small market teams need that kind of support, especially if the NHLPA can agree to a slightly reduced cap but a greater revenue-sharing sum between them and the owners.  Nothing better to puff up Bettman’s chest than the ability to divvy out funds as he wishes, right?

What’s the common denominator in all this: money.  Plain and simple, the green stuff runs the sports world.  Both sides look to defend their own interests in this case, and who can blame them?

Normally, I am generally on the side of the owners when it comes to lockouts, for a few reasons.  First, owners buy the team, provide flights, medical attention, and amenities to players, and must suffer any losses the franchise incurs over a given period.  In other words, owners adopt all the financial risk in the business side of the equation.  Given that, players should not have a say in how the franchise is run, since they represent the employee to Grand Poobah Employer, the owner.  Concordantly speaking, revenue sharing makes no sense.  At what other place of employment could you be entitled to 57 percent of revenue coming directly from your work? 

Unfortunately, this isn’t any other store, firm, or multinational company.  While owners bear the financial burden, players bear physical burdens that need compensation.  Second to football, gameplay in hockey contains the most contact of any sport.  Players will be injured, and while their medical expenses may be paid for, the team will not necessarily be under any obligation to keep them on the roster.  Current American labor laws (and any sense of fairness) dictate players (as employees) receive compensation according to their risk while at work.  If you put your health on the line every day at work, you’d want something back right?  But the follow-on question should be, “yes, but would I walk out of work if it didn’t have that attention?”  On that score, it’s tough to know.

Sports holds a unique cultural space, a subject most everyone likes and can discuss.  The amount of folks who need sports as a release, escape, or source of entertainment likely dwarfs those who will vote this November.  To that end, players and owners need to drop the farce of negotiations, broken talks, and threats.  For one, it helps them not at all.  A missed season means missed paychecks for players and missed revenue for owners.  Second, fans cannot see these games, deflating public interest as spectators substitute better products (i.e. the NBA) for hockey.  Finally, the NHL experienced record revenues last year.  The lockout could not come at a worse time.

Make no mistake; the owners likely will get what they want.  Perhaps to varying degrees, but they will.  Owners can last longer than players since many of them maintain other businesses separate from the franchise.  The NFL and NBA lockouts of last year bore out the same trend, as owners increased their revenue sharing slice at the expense of the players. 

And who suffers?  We do.  Hockey fans, diehard puckheads, kids with the middle name “Brodeur”… all suffer.  No matter who wins, we bear the brunt in some way.  Should the players maintain some semblance of the status quo, how do you think owners make up for any shortfall?  That’s right: ticket prices, parking fees, and concessions all play into that equation.  Should the owners win, fans will not have the opportunity to see as many stars play together (a model that has lifted the boat of the NBA in recent years) due to cap restrictions.

I understand, sports is a business and realities confront every business.  But, pointless negotiations with no compromise, depriving spectators of a sport/product they love, are unacceptable.  The owners need to get serious.  The Industry Growth Fund represents common ground for the two sides as does the willingness of players to operate under a salary cap.  That should be leveraged.  Step #2: Ask Gary Bettman to step down as commissioner.  I never understood why so many boo Bettman when his mug shows on the Jumbotron, but now I know has not led the league successfully.  His Sun Belt strategy (placing franchises in nontraditional markets) has paid some dividends but those franchises are slowly moving back up north (see Atlanta last year and Phoenix in years to come).  What’s worse, should a lockout happen this month, Bettman will have presided over three such work stoppages in his tenure.  Put a fork in him and can him, please.

Above all, the madness needs to stop.  Owners need to figure out the players have a desire to make a mutually beneficial deal.  They also should understand tinkering with definitions that even sniff of cash will not be well-received and can only clog the process.  On this one, I’m willing to accept a lower salary cap and higher revenues for owners with the same definition of hockey-related revenue.  Integrate the Industry Growth Fund and let’s get back to hockey.

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