Ok. What about a modified 2.5% that's split between the NHL and NHLPA?
2.5% of league revenues would go into the industry growth fund each year, and the NHLPA's eventual cut of that investment would go into expanding player pensions?
I'm a bit hesitant to cut the NHLPA in, not because I don't think they deserve it (I do), I just think that having more voices in the process complicates things. It would, however, directly tie it to HRR. A 2.5% pool just between the owners doesn't seem to concern the players that much.
A league minimum deal of $850,000 would set aside $10,650 for the growth fund per year. The PA may be able to internally adjust their own fees, so it may not be an additional 1.25% that comes out of their paychecks. They'd also have to figure out how the escrow would work. I know that if the league is falling short of revenue projections, it's probably time to put more investment in.
I don't think players would cause too much of a fuss, since the money is going to directly grow grassroots hockey itself, and they'll get paid in retirement. The owners have less skin in the game, and they're really the ones that need to take initiative here. It also takes away the incentive for the owners to put extra money into their projects. Sure, they get $20 million to spend, but if they kick in an additional $5m of their own on top, then they can really get that extra value. One more addition, or just enough to get the project over the line.
Owner-led investment would still raise boats as they need coaches, refs, and everything else at their rinks, and the expanded access to hockey should raise HRR indirectly anyway.
edit: the simpler way would probably to take 2.5% off the top of HRR. Owners and players each contribute 1.25% of their 50/50 split. No money coming out of paychecks.
1.25% each (2.5% HRR) contribution = 136m (8 facilities/year) 20mil grant
1.5% each (3% HRR) contribution = 198m (8 facilities/year) 25mil grant
1.75% each (3.5% HRR) contribution = 231m (8 facilities/year) 29mil grant
2% each (4% HRR) contribution = 264m (8 facilities/year) 33mil grant
2.5% each (5% HRR) contribution = 330m (8 facilities/year) 41.25mil grant
5% might be too OP. Half the league gets their windfall each year (if it's 20 million). They can't build that fast. They could have 8 teams getting $40 mil, but I don't like four pads together. It's more economical, sure, but mega facilities probably won't be a place a single person will walk or bike to. I'd rather have 1-2 pads scattered all over the place. Maybe they can ramp into multiple projects at the same time, but this scale of a project is already new. I'd rather grow HRR overall, and teams will learn to adapt to getting increasing amounts of money over time.
The IGF money would have to be strictly defined. My concern is that if owners are able to put a few more of their own personal dollars on top of the grant, that it will undermine the intent of a 50/50 split. If the team decides to add some tennis courts with their new rink, that probably shouldn't be covered. Dek hockey would, however. What about if they have street hockey on the tennis courts? Does the NHLPA collect on that? How do they determine when it's IGF money being used?
My concern is that all this money incentivizes building rinks, or at least using it only in ways to directly profit. Subsidizing equipment for a street hockey league, or renovating someone else's local rink, doesn't make money for the players pensions (other than indirect HRR growth). I'd also want to turn most of the responsibility over to the NHL teams themselves, as they know their markets best. That takes the NHLPA out of much of the process.
I'm hoping that some economies of scale kick in at some point. Things will become streamlined, so maybe they'll also become cheaper.