NHL and NHLPA “watching closely” decline of Canadian dollar

[Golden_Jet]

Guadalajara Flames and Puebla Canucks.

The Mayan Islanders

 

[SmoggyTwinkles]

Time to move all 7 teams to the Sun Belt!

And then Canada starts it's own pro hockey league, sells out every game, and as far as I know Canada or someone here owns the Stanley Cup and it is on loan to the NHL?

I'd love a Canadian Hockey League with the best of the best those teams can afford.

Would be very interesting.

Not gonna happen though.

Pretty sure they all quit this week.

They see what's coming with the tarriffs and stuff and everything else in our bleak looking future and don't want to go down with the ship.

Can't blame them.

It'll be Polivier's problem very soon.

 

[FriendlyGhost92]

Pretty sure they all quit this week.

I try to stay out of the loop with the news but given that it pertains to hockey, what actually happened?

All I know is there's a looming threat of tariffs.

 

[Svechhammer]

And yet people wonder why Bettman won't move any teams to Canada

 

[FriendlyGhost92]

Time to move all 7 teams to the Sun Belt!

Looks like Auston Matthews will play for his home state after all!

 

[majormajor]

And yet people wonder why Bettman won't move any teams to Canada

The revenues of the teams themselves is not an issue. Canadian franchises will be doing well even with the devaluation factored in. Bettman wants the biggest US TV contract possible and an abundance of Canadian teams hurts that objective.

 

[ijuka]

Lower Canadian dollar means that Canadian teams are paying $1.30 for each dollar they pay their players.

.30 cents on every dollar is A LOT of lost revenue for Canadian markets.

An American market players earns a dollar and gets paid a dollar.
A Canadian market players earns a dollar and gets paid a dollar thirty.

That's not how it works. They are conversion rates.

For example, just because a SEK is worth 0.090 USD doesn't mean that the Swedish people are somehow 11 times poorer, or pay 11 times more for products. The converted prices are approximately equal.

Again, Canadian dollar weakening does have an effect, but this is not how you find it.

 

[Bounces R Way]

I try to stay out of the loop with the news but given that it pertains to hockey, what actually happened?

All I know is there's a looming threat of tariffs.

On the day the Fall economic report was due our Deputy PM and Finance Minister as well as our Minister of Housing, Infrastructure, and Communities resigned citing differences with Trudy on fiscal policy. The country is basically in shambles but because this is Canada, it's a boring half assed kind of melancholic shambles.

 

[eojsmada]

On the day the Fall economic report was due our Deputy PM and Finance Minister as well as our Minister of Housing, Infrastructure, and Communities resigned citing differences with Trudy on fiscal policy. The country is basically in shambles but because this is Canada, it's a boring half assed kind of melancholic shambles.

As long as the Hockey Season and the May "2-4" weekend aren't cancelled...everything will sort itself out. lol

 

[bleachdrinker]

Temporarily relocating them to the US or Mexico until Canada gets its act together seems like the best bet. For the sake of tradition they can keep the same team names.

Omaha Canadiens has a ring to it.

 

[Golden_Jet]

And yet people wonder why Bettman won't move any teams to Canada

Atlanta

 

[FriendlyGhost92]

On the day the Fall economic report was due our Deputy PM and Finance Minister as well as our Minister of Housing, Infrastructure, and Communities resigned citing differences with Trudy on fiscal policy. The country is basically in shambles but because this is Canada, it's a boring half assed kind of melancholic shambles.

I assume the fiscal policies cited are how to handle tariff threats?

 

[Bounces R Way]

I assume the fiscal policies cited are how to handle tariff threats?

Believe that's the gist of it yes. At least when it comes to the Deputy PM and Finance Minister(Freeland).

As long as the Hockey Season and the May "2-4" weekend aren't cancelled...everything will sort itself out. lol

Amen brotha

Although the last two May longs I haven't even gone camping because the government is worried we'll burn the country down.

 

[Beukeboom Fan]

Isn't this technically better for players on Canadian teams or am I misunderstanding things?

They get paid in USD, but likely have to exchange currency to CAD which will result in them having more money to spend inside of Canada.

Again, I could be completely misunderstanding things here.

The CND team revenues are converted to USD for the HRR calcs, so when the loonie devalues league HRR falls, and the cap goes down. This would theoretically offset other revenue increases.

 

[FriendlyGhost92]

Believe that's the gist of it yes. At least when it comes to the Deputy PM and Finance Minister(Freeland).

So their concern, then, is that Trudeau is basically gonna get bent over by Trump in tariffs/trade negotiations?

 

[Golden_Jet]

The revenues of the teams themselves is not an issue. Canadian franchises will be doing well even with the devaluation factored in. Bettman wants the biggest US TV contract possible and an abundance of Canadian teams hurts that objective.

The Canadian TV contract carried the league for years lol.
Remember when the NHL gave the TV deal to the US for free.
It was only the most recent US deal, when they became similar dollar amounts, even though one was for 7 teams and one was for 25 teams.

 

[FlyguyOX]

Atlanta

 

[miscs75]

The Mayan Islanders

Isles ain’t moving. This is the Canadian franchises relocating due to the Canadian dollar being down.

 

[SannywithoutCompy]

A lot of Canadians are about 4 years late to the party when it comes to realizing he sucks.

10*

 

[Golden_Jet]

So their concern, then, is that Trudeau is basically gonna get bent over by Trump in tariffs/trade negotiations?

Americans get bent over if the tariffs happen. The tariff is applied when the good goes over the border.

Isles ain’t moving. This is the Canadian franchises relocating due to the Canadian dollar being down.

Nope it’s the Mayan Islanders, we’re all jumping in on the fun.

 

[Lazlo Hollyfeld]

Americans get bent over if the tariffs happen. The tariff is applied when the good goes over the border.

Shhh, don't ruin the fantasy for them. Let it be a surprise.

 

[Panthers Propaganda]

What are Canada’s main exports to the us?

MAs, MScs, PhDs.

Lumber
Minerals
Car Parts
Chemicals/Other similar materials
Fertilizer
Machinery
People who hope to own their home one day

 

[StreetHawk]

Canada is f***ed for at least a few years here. Maybe forever, but if the next government is committed to doing the hard work of fixing the problem it’s still going to take a while.

It's going to be pain when you have to trim. But, has to be that way.

As for the NHL, that extra bump in the cap, will wait and see. If they got most of that money early from STH and TV rights, they should have quickly converted that into USD. If it's still coming, then they will take the hit.

Probably lean towards to the lower end of the cap. So, won't see that $97 mill high end mark they floated out earlier.

 

[FriendlyGhost92]

Americans get bent over if the tariffs happen. The tariff is applied when the good goes over the border.

Everybody gets bent over. The purpose, from a negotiation standpoint, is "Can we withstand the f***ing we're all going to take longer than you can."

And in the case of the US vs. Canada... The answer is likely yes.

 

[Bounces R Way]

So their concern, then, is that Trudeau is basically gonna get bent over by Trump in tariffs/trade negotiations?

Well I can only read so much Canadian government and finance news before my eyes glaze over and the chimps in my brain get restless but I think it's more that Trudy wants the Liberals to spend their way out of this mess. I don't think he's done a very good job seeing the forest for the trees but for him and the Biden administration all those COVID bills came due. Not sure if a different policy would have made all that much of a difference.

That's more personal opinion though.