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Posted By Scott Brown On Apr 12 2009 @ 8:46 pm In Edmonton Oilers | 2 Comments
Shawn Horcoff’s contract continues to be a hot topic in the Edmonton media/call in shows message, I touched on his production and where he would need to be to live up to his deal, but the criticism has heated up…
To be fair, one of the main drawbacks of the contract is the impending dropping cap… The contract was signed (or at least announced) on July 17th, 2008 everyone knew the cap COULD go down if league rev went down, and their was even some rumblings that we could be facing a recession, the DJIA and TSX were (roughly) 50% higher then they are today. Keeping in mind that the markets are a leading indicator, it’s pretty hard to get down on some former hockey players for not knowing the depth of the upcoming recession when the minds of the collective investment world hadn’t figured it out yet.
Even taking a moderate 7% growth (cap had been growing in the 12%ish range since it was instituted) would have given us a caps of
over the life of Horcs contract, making his 5.5 in %
Of the total cap. In today’s $$ terms (56 cap) those % works out to a $ player:
The above $ amount would make you the current __ paid center in the league:
Points for centers in those spots put up this year:
I for one don’t want to punish the team for not seeing the upcoming financial storm 1-2 months before the financial professionals did, So the question should be: Do you think Horc can put up the above point totals over the next 6 years? (remember that’s assuming only a 7% growth rate… taking the 12% – 13% growth we’ve been seeing since the cap would change those drastically…. though maintaining 10%+ growth was probably unattainable)
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