CBA question

External Since: Nov 16, 2005 Posts: 316

Could the league legally prevent a team from giving shares as part of a
contract package with a player?
Say, for example, the Penguins gave Crosby a ten-percent share as part of a
ten-year deal. Say also the team is worth $250M. Is Crosby's cap hit 25M
this year or 2.5 per? What if the team is worth $300M in three years? What
if Crosby sells his share and stays on the team?

External Since: Nov 15, 2005 Posts: 227

Grande Mal wrote:
> Could the league legally prevent a team from giving shares as part of a
> contract package with a player?
> Say, for example, the Penguins gave Crosby a ten-percent share as part of a
> ten-year deal. Say also the team is worth $250M. Is Crosby's cap hit 25M
> this year or 2.5 per? What if the team is worth $300M in three years? What
> if Crosby sells his share and stays on the team?
>
>

The CBA is very clear on what teams can and cannot use to pay players.
AFAIK, there is no provision for giving a player shares.

Then again, the NHL has already contradicted the CBA numerous times
already, so whatever.

-Thomas