Saturday January 10, 2004
Today's Tampa Tribune features a column where Bill Daly, the NHL's Chief Legal Officer, gave his opinion the ongoing rumors about the possibility of NHL teams folding if their is in fact a prolonged strike or lockout when the current CBA expires on September 15, 2004, but stopped short of naming names.
Daly said owners are prepared to shut down the league, and there could be casualties. "I can't guarantee 30 teams will survive," he said. "I think we are prepared as we can possibly be for that eventuality. But what I would tell you is I think we risk losing far more franchises by doing a deal that doesn't fix the problem than we do by sticking to our guns and making sure we fix the problem."
For the league, the fix is creating a system of "cost certainty" that lessens the 76 percent of revenues it says it spends on player costs, the most of the four major sports.
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