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NHL Salary Cap
The NHL salary cap is the total amount of money that National Hockey League (NHL) teams are allowed to pay their players. It is a "hard" salary cap, meaning there are no exemptions (and thus no luxury tax penalties are required). Like many professional sports leagues, the NHL has a salary cap to keep teams in larger markets (with more revenue) from signing all of the top players and extending their advantage over smaller-market franchises. A notable instance of this was when the Detroit Red Wings stockpiled expensive high-end performers for their Stanley Cup-winning 2001–02 season; the New York Rangers often also used a similar approach, offering massive contracts to marquee, veteran players. The NHL owners' efforts to include a salary cap had contributed to the 1994–95 NHL lockout, which ended with other issues, but not a salary cap, being worked out between the NHL and the National Hockey League Players' Association (NHLPA). The NHL reintroduced the desire for a salary cap as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Hockey League
The National Hockey League (NHL; french: Ligue nationale de hockey—LNH, ) is a professional ice hockey league in North America comprising 32 teams—25 in the United States and 7 in Canada. It is considered to be the top ranked professional ice hockey league in the world, and is one of the four major professional sports leagues in the United States and Canada. The Stanley Cup, the oldest professional sports trophy in North America, is awarded annually to the league playoff champion at the end of each season. The NHL is the fifth-wealthiest professional sport league in the world by revenue, after the National Football League (NFL), Major League Baseball (MLB), the National Basketball Association (NBA), and the English Premier League (EPL). The National Hockey League was organized at the Windsor Hotel in Montreal on November 26, 1917, after the suspension of operations of its predecessor organization, the National Hockey Association (NHA), which had been founded in 1909 i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Clause
The reserve clause, in North American professional sports, was part of a player contract which stated that the rights to players were retained by the team upon the contract's expiration. Players under these contracts were not free to enter into another contract with another team. Once signed to a contract, players could, at the team's whim, be reassigned, traded, sold, or released. The only negotiating leverage of most players was to hold out at contract time and to refuse to play unless their conditions were met. Players were bound to negotiate a new contract to play another year for the same team or to ask to be released or traded. They had no freedom to change teams unless they were given an unconditional release. In the days of the reserve clause, that was the only way a player could be a free agent. Once common in sports, the clause was abolished in baseball in 1975. The reserve clause system has, for the most part, been replaced by free agency. Baseball history In the late ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payroll Room
The "Payroll Room" is how much money in a National Hockey League (NHL) team's salary cap is left to acquire players, whether such players are signed as free agents or join the team via a trade or waivers. The term originated in 2005 with the NHL Collective Bargaining Agreement (CBA), which was negotiated following a season-long lockout. The new CBA includes a salary cap (formally titled the "Upper Limit" of the ''Payroll Range'' in the agreement). Payroll room is often called cap room in the media Media may refer to: Communication * Media (communication), tools used to deliver information or data ** Advertising media, various media, content, buying and placement for advertising ** Broadcast media, communications delivered over mass el .... A team can increase its cap room if it trades high-salary players to other teams and gets lower-paid players in their place. A team cannot trade its cap room to another team or defer its cap room to subsequent seasons. Other practices on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lockout (industry)
A lockout is a work stoppage or denial of employment initiated by the management of a company during a labour dispute. In contrast to a strike, in which employees refuse to work, a lockout is initiated by employers or industry owners. Lockouts are usually implemented by simply refusing to admit employees onto company premises, and may include changing locks or hiring security guards for the premises. Other implementations include a fine for showing up, or a simple refusal of clocking in on the time clock. For these reasons, lockouts are referred to as the antithesis of strikes. Lockouts are common in major league sports, many of which operate as legalized cartels. In the United States and Canada, the National Football League, Major League Baseball, the National Basketball Association, and the National Hockey League have all experienced lockouts. Causes A lockout is generally an attempt to enforce specific terms of employment upon a group of employees during a dispute. It is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euphemism
A euphemism () is an innocuous word or expression used in place of one that is deemed offensive or suggests something unpleasant. Some euphemisms are intended to amuse, while others use bland, inoffensive terms for concepts that the user wishes to downplay. Euphemisms may be used to mask profanity or refer to topics some consider taboo such as disability, sex, excretion, or death in a polite way. Etymology ''Euphemism'' comes from the Greek word () which refers to the use of 'words of good omen'; it is a compound of (), meaning 'good, well', and (), meaning 'prophetic speech; rumour, talk'. '' Eupheme'' is a reference to the female Greek spirit of words of praise and positivity, etc. The term ''euphemism'' itself was used as a euphemism by the ancient Greeks; with the meaning "to keep a holy silence" (speaking well by not speaking at all). Purpose Avoidance Reasons for using euphemisms vary by context and intent. Commonly, euphemisms are used to avoid directly addressing sub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gary Bettman
Gary Bruce Bettman (born June 2, 1952) is an American sports executive who serves as the commissioner of the National Hockey League (NHL), a post he has held since February 1, 1993. Previously, Bettman was a senior vice president and general counsel to the National Basketball Association (NBA). Bettman is a graduate of Cornell University and New York University School of Law. Bettman was elected to the Hockey Hall of Fame in 2018. Under Bettman, the NHL has seen rapid growth of league revenues, from $400 million when he was hired to over $3 billion in 2010–11. He also oversaw the expansion of the NHL's footprint across the United States, with eight new teams added during his tenure, bringing the NHL to 32 teams as of the start of the 2021–22 season. In May 2014, Bettman was named "sports executive of the year" by the ''SportsBusiness Journal'' and ''SportsBusiness Daily''. In 2016, Bettman was inducted as a member of the International Jewish Sports Hall of Fame. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Dollar
The Canadian dollar ( symbol: $; code: CAD; french: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $, there is no standard disambiguating form, but the abbreviation Can$ is often suggested by notable style guides for distinction from other dollar-denominated currencies. It is divided into 100 cents (¢). Owing to the image of a common loon on its reverse, the dollar coin, and sometimes the unit of currency itself, are sometimes referred to as the ''loonie'' by English-speaking Canadians and foreign exchange traders and analysts. Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth-most held reserve currency in the world, behind the U.S. dollar, the euro, the yen and sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems. Histo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1995 Stanley Cup Playoffs
The 1995 Stanley Cup playoffs, the playoff tournament of the National Hockey League was played between May 6 and June 24, 1995. The 1994–95 NHL regular season was shortened to 48 games, and the playoffs pushed to a later date, due to a lockout. The sixteen teams that qualified, eight from each conference, played best-of-seven series for the conference quarterfinals, semifinals and championships, and then the conference champions played a best-of-seven series for the Stanley Cup. In the Finals, the New Jersey Devils swept the favored Detroit Red Wings in four games to win their first championship. This was the only time Patrick Roy missed the playoffs in his career. His team, the Montreal Canadiens, missed the playoffs for the first time since 1970. The Canadiens and the Ottawa Senators missed the playoffs this year. Montreal and Ottawa did not miss the playoffs in the same year again until 2016, when all Canadian teams missed the playoffs. The Quebec Nordiques played their la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Toronto Maple Leafs
The Toronto Maple Leafs (officially the Toronto Maple Leaf Hockey Club and often referred to as the Leafs) are a professional ice hockey team based in Toronto. They compete in the National Hockey League (NHL) as a member of the Atlantic Division in the Eastern Conference. The club is owned by Maple Leaf Sports & Entertainment, a company that owns several professional sports teams in the city. The Maple Leafs' broadcasting rights are split between BCE Inc. and Rogers Communications. For their first 14 seasons, the club played their home games at the Mutual Street Arena, before moving to Maple Leaf Gardens in 1931. The Maple Leafs moved to their present home, Scotiabank Arena (originally named Air Canada Centre), in February 1999. The club was founded in 1917, operating simply as Toronto and known then as the Toronto Arenas. Under new ownership, the club was renamed the Toronto St. Patricks in 1919. In 1927, the club was purchased by Conn Smythe and renamed the Maple Leafs. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harold Ballard
Harold Edwin Ballard (born Edwin Harold Ballard, July 30, 1903 – April 11, 1990) was a Canadian businessman and sportsman. Ballard was an owner of the Toronto Maple Leafs of the National Hockey League (NHL) as well as their home arena, Maple Leaf Gardens. A member of the Leafs organization from 1940 and a senior executive from 1957, he became part-owner of the team in 1961 and was majority owner from February 1972 until his death. He won Stanley Cups in 1962, 1963, 1964 and 1967, all as part-owner. He was also the owner of the Hamilton Tiger-Cats of the Canadian Football League (CFL) for 10 years from 1978 to 1988, winning a Grey Cup championship in 1986. He was inducted into the Hockey Hall of Fame (1977) and the Canadian Football Hall of Fame (1987). He is 1 of 7 names to be on both the Stanley Cup and Grey Cup. Early years Ballard was born in Toronto, Ontario, Canada as Edwin Harold Ballard. He later reversed the names and referred to himself as Harold E. Ballard. For six y ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bidding War
A bid price is the highest price that a buyer (i.e., bidder) is willing to pay for some goods. It is usually referred to simply as the "bid". In bid and ask, the bid price stands in contrast to the ask price or "offer", and the difference between the two is called the bid–ask spread. An unsolicited bid or purchase offer is when a person or company receives a bid even though they are not looking to sell. Bidding war A bidding war is said to occur when a large number of competing bids are placed in rapid succession by two or more entities, especially when the price paid is much greater than the ask price, or greater than the first bid in the case of unsolicited bidding. In other words, a bidding war is a situation where two or more buyers are so interested in an item (such as a house or a business) that they make increasingly higher-priced offers in attempts to outbid others and win the ownership of the item. In real estate, a potential buyer can increase their bid in a numbe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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