TSN: Stamkos meeting with leafs, Toronto mayor, and CEO of Canadian tire

[Ziggy Stardust]

Will Stamkos also meet Phil Kessel's hot dog vendor, accompanied by Steve Simmonds and Damien Cox?

 

[Rayban*]

No they can't.

But they can be punished if they are the ones (or if they give the appearance that they are the ones) that organized him being paid more.. or if what he's being paid is not considered fair value for his services (i.e. it's too much).

Why even pretend to know anything about this. These multi billion dollar corporations have their lawyers telling them it's ok to do.

 

[LastWordArmy]

Any endorsement contract has already been reviewed and approved the NHL and NHLPA Lawyers

This is all legal

Are you in the room? Did you talk to the league's lawyers?

 

[Stand Witness]

No they can't.

But they can be punished if they are the ones (or if they give the appearance that they are the ones) that organized him being paid more.. or if what he's being paid is not considered fair value for his services (i.e. it's too much).

Which would be extremely hard to prove. The Leafs would most likely have to be caught putting money into Canadian Tire somehow. Until that happens the Leafs can't make financial decisions for the Canadian Tire group.

 

[Man Bear Pig]

One advantage Canadian teams have with signing players is Canadian Tire money. Detroit and Buffalo never stood a chance.

 

[hototogisu]

It's this guy, right?

 

[gretskidoo]

Well, we'll see if Stamkos likes peace and quiet in hopefully a few days.

 

[buttman*]

Yes, the most over-rated 60 goal man in the NHL. Second in goals in the NHL to Alex Ovechkin since he came into the league.

 

[LEAFANFORLIFE23]

Do majority of Leafs fans want stammer even in TO.. I always get mixed reviews on it and I really don't know if you guys do or not

The Smart ones do

 

[BreakingGood]

Is this legit? The mayor is there to offer him a subway line named after him? So you gonna have something called the stamkos expressway or something? What's gonna happen when it crashes and goes off the rails?

LOL at some of these things... man, it's steven stamkos for gods sake, not crosby or someone with a bit more of a pedigree.

The mayor, fwiw, is the former CEO of Rogers.

 

[Eric Sachs]

Folks, the league isn't all powerful, and honestly doesn't care. The union will grieve at any attempt to prevent a player from getting an endorsement deal. Endorsements are legal within the CBA. Capped leagues discuss business opportunities in the city. The Lakers did this with Aldridge last year. The league doesn't actually give a **** about parity, they're trying to keep expenses low. The biggest drivers of the cap were Snider and Jacobs, who invented cap circumvention.

Literally nothing about this is illegal, or even all that unusual. Players generally meet executives of the companies that give them endorsement deals through teams those companies sponsor. Seriously guys, the NHL can't stop another company from paying him.

Lol what? There's a whole ****ing section in the CBA devoted to exactly this.

 

[SenzZen]

 

[Jimmy Firecracker]

There's been talk about this supplemented income and that it's already been vetted by the NHL and lawyers. Unfortunately, the NHL cannot allow this to happen or they are opening up an extremely huge can of worms. Teams like Detroit will start signing guys for $4 million per with a $5 million per contract from Little Caesars, etc, etc, etc.

Hoping he signs with the Leafs but this will NOT be good for the NHL if they let this happen. There's a reason "Personal Services" contracts that were made famous by the USFL are NOT allowed in sports anymore. I believe it was only a couple of years ago Donald Trump stopped paying Herschel Walker from the 80s.

Corporations should NOT be deciding where our sports go from here on either.

Teams in Florida and other States have the advantage of low tax rates for players. Canadian teams and teams in highly taxed states (like the Rangers) need to be able to do something to offset that advantage.

 

[buttman*]

It's this guy, right?

No, this guy:

 

[Savvy]

The Smart ones do

Just like anyone else it's always a question of term.

 

[Smelling Salt]

Thought this was an Onion headline tbh

 

[Stammer Time*]

Fans of teams in the division should be praying the Leafs sign Stamkos.

A lot of fans from the fan base who's seen him the most certainly are.

 

[WesMcCauley]

You know its cap circumvention when the mayor of the city and a CEO of another company is present at a contract meating I have no problem with it but either you follow the rules or you get rid of them. NHL is a joke, says enough when Arizona has a guy working for the league on their roster counting against the cap and beeing paid by them.

 

[LEAFANFORLIFE23]

Are you in the room? Did you talk to the league's lawyers?

Looking for the link to it as we speak but sportsnet had it not long ago,

 

[Eric Sachs]

Which would be extremely hard to prove. The Leafs would most likely have to be caught putting money into Canadian Tire somehow. Until that happens the Leafs can't make financial decisions for the Canadian Tire group.

There is no need to prove anything. The burden of proof isn't anything substantial.

And no, the Leafs wouldn't have to be caught putting money into Canadian Tire. The CBA explicitly prohibits team actors from arranging sponsorships for a player.

 

[BreakingGood]

Lol what? There's a whole ****ing section in the CBA devoted to exactly this.

No there isn't. This isn't a payment from MLSE.

 

[buttman*]

Lol what? There's a whole ****ing section in the CBA devoted to exactly this.

Nobody messes with Lou.

 

[Habsawce]

Teams in Florida and other States have the advantage of low tax rates for players. Canadian teams and teams in highly taxed states (like the Rangers) need to be able to do something to offset that advantage.

That's why the cap should be adjusted to compensate for tax. Like, Montreal should have 20% more cap than Tampa. Or whatever it would work out to be.

 

[last_sd]

One party people aren't mentioning is the NHLPA.

They don't want a superstar to get a low NHL salary(by superstar standard). Since a lot of less famous players won't get endorsement deals on the side, but Stamkos AAV will be used as comparison.

 

[Model62]

It's sketchy as hell, and if big market clubs make a habit of coordinating FA signings with outside sponsors (and doing so so publicly), there'll be some pissed off small market owners and some clear language against this in the next CBA. Although the language is already pretty clear:

However, nothing in this Section 26.3(e) is intended to prohibit a Player
from entering into a sponsorship, endorsement or other commercial
arrangement with a local sponsor or entity with which his Club does
business but which is not a Club Affiliated Entity, in which the Player
receives something of value, provided the thing of value received is
commensurate with (i.e., not clearly in excess of) the fair market value of
the services rendered by the Player on behalf of the sponsor or entity.
With respect to any sponsorship or endorsement arrangement between a
Player and a national sponsor, any thing of value provided to a Player
under such arrangement shall be presumptively acceptable (i.e., such thing
of value need not meet the "fair market value" test set forth in the
preceding sentence), provided that such arrangement was not made at the
behest of the Player's Club or any other Club Actor. However, the NHL
shall have the right to challenge before the System Arbitrator, through an
expedited arbitration proceeding pursuant to the third sentence of Section
26.13(a) below, the bona fides of any such national sponsorship or
endorsement arrangement on the grounds that it was actually provided for
the benefit of a particular Club.