I really ought to just have one post in which I stick all of the budget related stuff. I should also make use of the tags, which I will start to do with this post. Anyway, from today’s Edmonton Sun:
Thanks to a Canadian dollar that’s trading at 94 cents US (up from an all-time low of 62 cents in 2002), a team that used to struggle to keep its head above water with a payroll in the low $30-million range is now budgeted for $45 million going into the season.
A team that used to get subsidy money from the NHL is now paying into the revenue sharing pot ($2.7 million US this year towards a fund that’s divided among the league’s trouble spots) and getting nothing out.