A few questions to the gallery:
- Anyone know the status of the AHL season? Have their been any announcements or time lines given?
- I’m still surprised the Blues and Pietro couldn’t get an agreement done. Rather than blaming either side, I’m looking at the cold hard facts. If the bonus money structure was the deal-breaker, it is important to point out the differences with what they were reportedly offering.
There is a tendency to look at the salary cap numbers and assume that equals the paycheck. Well it doesn’t. The players stand to lose a higher percentage of their salary to escrow the next couple years, assuming a return to pre-pandemic crowds, etc, after that. But since player compensation is capped to 50% of revenues, if the teams are not doing as well financially Pietro would not expect to make as much as it looks like on paper. It’s to his advantage to have the bigger dollar years on the contract to come as early as possible from the standpoint of investing his income, but he may want to delay them until the escrow cut is lower. For example, if you look at Krug’s contract, he’s only making 4M the first two years., then 8M the 3rd year.
All of this is a way to point out that the actual checks the team has to cut can be bigger or smaller depending on that structure, beyond the obvious ramifications the NMC and bonus structure have on being able to move him in trade or a buy-out.
So, my question is, are the Blues operating under an internal cap? Yes, they still seem committed to spending to the salary cap, but the fact that the contract structure was such a sticking point leads me to believe the margins are thin. I’m sure every team is hurting financially right now compared to normal. But is this contract dispute a reflection of where the Blues ownership just can’t sustain actual dollars out? They need their contract structure to be more financially efficient?
Krug’s contract structure, in part, argues against this idea. Or maybe it was a reaction to realizing they couldn’t get a good UFA without changing their thinking. Maybe they got burned by the results of the Pietro situation and had a change in approach.