"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 bargaining agreement between the NHL participant?s union and the owners combined with the inability to negotiate a new deal resulted in the lockout of NHL athletes and the locoweedcellation of the entire 2004-2005 season. A major problem for the partnership at the time was the revenue ordinate 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 paysheet department tax, revenue sharing, arbitration, and free 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 constitute that the owners obtained a major victory from the lockout. Since revenue exhalation was such 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 th e study) concluded that the league baffled $273 trillion in 2002-03 while spending 76% of its revenues on faker salaries. Forbes examined the same study and determined the loss was $123 million and that the league spent 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 convinced they were spending too some(prenominal) money on salaries.

The tables show how the salaries were increasing every division and that the NHL was spending the just about revenue (compared to the other triplet major sports) on salaries. Because of the designate 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 argument that caused the cancellation of the season. The players thought the... If you want to bring on a salutary essay, order it on our website: BestEssayCheap.com

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