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Showing posts from December, 2012

Is Gary Bettman worth as much as Sidney Crosby?

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Well it looks like we might have a deal in the hockey lock-out. It better happen for the sake of hockey not for the sake of the NHL or Gary Bettman. Even die-hard fans are beginning to be repulsed by this dreary capitalistic soap opera that no one cares about. I have observed the tweets and PR wars going on by both sides. It's easy to blame both sides when both sides earn seven figures. However, there are some economic principles involved that we cannot ignore. One thing should be obvious this is not a case of a failed league trying to salvage its existence. Gary Bettman does not earn 7.5 million a year because he is trying to rescue a sinking ship. The league's revenues have quadrupled in a decade and are now in the 3 billion range. Have the player's salaries quadrupled? Jaromir Jagr made more money fifteen years ago than Sidney Crosby makes now. The owners are paying Gary Bettman in part for destroying the backbone of the player's union in 2004 and in part for the