The Swedish SHL clubs could spend over 50 million SEK (around €5 million) in some cases, perhaps reaching a maximum of 80 million SEK (around €7 million). So, the club’s payroll fund will rise, reaching ₽1.26 billion (around  €18 million). Based on my experience with the KHL & other European club hockey competitions I would like to write about the most important on and off-ice, issues of European club hockey. NHL Salary Cap Information. The opposite is true, this state funding has secured the league’s development in the previous decade. Of course, there are certain payments which are not counted in the KHL salary cap. I support European club hockey and I want European hockey to be as strong as possible. PayPal payment. 15 /23. These material benefits count in the salary cap in case the player gets them into ownership for the lower price than the market price or using it for free. The best NHL salary cap hit data, daily … 5. KHL contracts 2 clubs, lowers salary cap. 1. The league considers their KHL roster salary for days when they are in the KHL to calculate the cap. 4. A post shared by Nikita Scherbak (@nikscherbak) on Aug 3, 2019 at 7:52am PDT. But if that player and club sign a new contract after the termination of the previous deal, the buy-out compensation will be considered in the cap. Consequently, the league would not share revenues with that club. According to Forbes, he earned $4.4M. This additional 5% of the cap is reserved as a minimal sum for bonuses. Salaries of players under 21 years. The first one was launched in 2009 & KHL TV HD in 2012. Author of the article: Associated Press. And its games are broadcasted by the federal channel MatchTV (owned by Gazprom-Media Holding) & regional broadcasters on the Russian territory as well. #GagarinCup pic.twitter.com/bZWhboGALl. Widely considered the strongest league outside the NHL, the KHL will drop to 25 teams for 2018-19 after cutting Russian teams Lada Togliatti and Yugra Khanty-Mansiisk. All these deals run out after 2019-20. This rule is special for the transition period in the upcoming season. The Swedish forward André Petterson signed with Lokomotiv because Dynamo Moscow does not have space under the cap after signing Jaškin & on-going contract of Shipachyov and others. In the first place, the league registers all KHL players’ contracts & transactions with the specialist league department  – the KHL Central Information Bureau (CIB). Individual & team bonuses if they exceed 20% of the basic salary. The hard salary cap One of the hottest topics in Russian hockey in recent seasons has been the imposition of a hard salary cap. 3. And the league expects a much bigger decrease in 2020-21 as a result of the salary cap because earlier rich clubs spent much more money on salaries. Especially the influential European hockey officials using this argument to point out the supposed KHL financial unsustainability. Of course, the league does not want to exclude their richest team. I support European club hockey and I want European hockey to be as strong as possible. There might be a situation when a player meets a performance bonus, so the club has to pay it even though the cap ceiling would be exceeded. 2019-20 KHL season officially ends today, on April 30. Forward Tolchinsky is moving to Avangard for the same reason – CSKA’s cap space issues. KHL aims to cut salary cap as the ruble plummets. 15. Economic trouble. 28-year-old D Alexei Marchenko (2nd among CSKA d-men with 6 G, 22 Pts, +33 in 64 GP) heads to Lokomotiv. The best NHL salary cap hit data, daily tracking, NHL news and projections at your fingertips. 7h Emily Kaplan. I just remind you that the league shared with teams ₽419 million (around  €5 million) for 2018-19, so now it should be more money for clubs. First of all, the club’s results on ice are dissolved for that season. Feature Image Credit: (Photo by Mikhail Metzel\TASS via Getty Images). The clubs signed long-term contracts with players in previous years when the salary cap was not applicable. I have been following hockey all my life and I have had the same question. We have already discussed it. 4. Their basic salary while playing in the VHL has to be lower than their basic salary on the KHL roster. Player salaries did not become an issue until the 1970s, when Alan Eagleson founded the NHL Players' Association (NHLPA) and the upstart World Hockey Association began competing with the NHL for players. I have been following hockey all my life and I have had the same question. 13. So, the KHL Board of Directors will meet in late May or June to decide about the list of teams participating in the upcoming season. It’s not often you can hear about the money hockey players make in Russia, as they are usually opposed to the numbers being made public. 7h Emily Kaplan. The league considers just the basic players’ salaries, without bonuses. MOSCOW—The Kontinental Hockey League’s (KHL) president says he wants to slash its salary cap as clubs struggle financially in Russia’s economic crisis.. Dmitry Chernyshenko told … With this intention, they wanted to increase the cap ceiling from  ₽900 million (around  €13 million) to ₽1.3 billion (around  €18 million) while remaining all exemptions from the cap calculation. Another case is Yakupov‘s trade to Vityaz because SKA needs more cap space. pic.twitter.com/Y4Z1U3rXFI. The Kontinental Hockey League has lowered the salary cap from 1.39B rubles ($40.4M) to 1.1B rubles ($32M) per squad for next season. This applies to the club’s sponsors as well. Some five-to-six years ago, SKA’s audience consisted of men (85%) & women (15%), now the proportion is different – 60% to 40% in favour of men. 32,338,333. Arizona Coyotes » Current Contracts Big European Hockey Attendance Research for 2019-20 Season, Despite Pandemic, Hrubý Continues Slovan Talks with the KHL, The Effects of the COVID Pandemic in European Hockey, The KHL Clubs Lead Europe in Social Media & Other News, Jokerit Helsinki’s Importance for the KHL, Hockey is Back in Europe, the KHL Season Started, Leaking of KHL Players’ Salaries & Prokhorkin Moving to Metallurg, The Early Results of the KHL Salary Cap & Other News, Will Mozyakin Stay in Magnitka, and Other KHL News. Or a European version of the NHL? The league has implemented a salary cap. Anaheim Ducks. Related: Filip Forsberg Trade Revisited. Of course, the KHL knows this information about NHLers as well, and vice versa, but it is not a point now. NHL Power Rankings: Final preseason edition for 2021. The Russian media outlet ”Sport-Express” has released its fourth annual list of KHL player salaries. The 2012–13 KHL season was the fifth season of the Kontinental Hockey League.The regular season began on 4 September with the Lokomotiv Cup between last year's finalists Dynamo Moscow and Avangard Omsk.For the first time, the league consisted of 26 teams from 7 different countries. — Slava Malamud (@SlavaMalamud) May 13, 2012 Now, each KHL team will be limited to one such signing. Ilya Kovalchuk signed a 1 year / $700,000 contract with the Montreal Canadiens, including $700,000 guaranteed, and an annual average salary of $700,000. Metallurg Novokuznetsk has so far experienced difficulty financing its operations, largely due to the global financial crisis of 2008. Another Swiss city – Davos hosted it in 2019. It is his first detailed interview about the league’s development, especially financial, after becoming the KHL President. However, what are the clubs payroll funds in other European hockey leagues? The excess reflects an overpayment on players for the second, third and fourth lines compared with riva… Indeed, the KHL has found renewed stability under Chernyshenko dating back to the start of his tenure as president in 2014. It is not a secret that the league considered various German cities for the games in recent years. Here are some notable names on the list, and comparable salaries in the NHL. On the other hand, owners such as Harold Ballard of the Toronto Maple Leafsspent among the league minimum on rosters… As you know the league originally planned the strict salary cap for 2019-20, but at the time Esmatovich proposed postponing for one season due to expensive contracts of Sorokin, Kaprizov, Grigorenko, and others with CSKA who would have many problems to comply with the cap. Special buy-out compensation to a player. And 55% of the cap for 2023-24. 3y. The league has been preparing for this moment for a couple of years and it is a cornerstone of the league’s development strategy. The KHL Under Morozov. But we need to know how the cap is calculated. The league announces that all returning Russian NHLers will not count against the salary cap. So, the cap mechanism is working since day one! Of course, the coronavirus pandemic has affected the league’s financial numbers in some way but the league will announce the final financial data in September. - - - - - - - Josh Cooper is an editor for Puck Daddy on Yahoo Sports. The league wants to avoid a situation when a player would have the same salary in the KHL & the VHL. Next season, the minimum will be 35% of the salary cap, i.e. Salary caps are widely used in professional sports. Of course, the league will control the clubs and their spending daily. Hockey KHL played the first matches of the playoffs of the Gagarin Cup the Decision on the hard salary cap in the CHL was taken in the summer of 2018. If a club exceeds the salary cap ceiling for less than 2%, the club’s cap ceiling will technically decrease for the upcoming three seasons in the following way. However, these rules should prevent unexpected attempts by a team to break rules regarding the salary cap. That fund had around ₽500 million (around  €6-7 million) in 2017. This means that KHL clubs cannot spend above a certain limit on player remuneration. That is a very high amount of money for European club hockey. Material benefits to a player or his relatives (wife etc) from a club or a company/person affiliated with a club (so, club’s sponsor/owner) – so flat, house, car, furniture, presents, company’s shares, loans etc. The KHL Board of Directors voted to implement the salary cap for the upcoming 2020/21 season at the planned level of 900 million rubles (just over US$12 million). However, if a player is injured and it's thought that they will miss at least 10 NHL games and 24 days in the season, their team can put them on long-term injured reserve (LTIR). Even still, the Russian Hockey Federation & some rich clubs wanted to amend the basic principles of the mechanism. Have a tip? On 27 February, the Board of Directors of the League voted to adopt this solution. Basic players’ salaries on VHL roster. We will continue to take steps to make the KHL a more even contest. Player’s salary if he is listed among injured players for all season. Write CSS OR LESS and hit save. Now, the league can afford to decrease it while still being superior to other European hockey leagues. 2021 NHL season picks: Stanley Cup, division winners and … Ilya Kovalchuk signed a 1 year / $700,000 contract with the Montreal Canadiens, including $700,000 guaranteed, and an annual average salary of $700,000. As a fan, I started to follow both leagues although it was not cool to follow the KHL at the time. But they are not a part of the cap. For more discussions about the KHL, be sure to sign up to the ABNT Forum! Indeed, the KHL has found renewed stability under Chernyshenko dating back to the start of his tenure as president in 2014. KHL cuts franchises, lowers salary cap as financial troubles mount. 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