Silky Tale

NHL Salary Cap on The Rise…Again

Remember the 2004-2005 season?

Not likely because the NHL was all but a dream that season.

Why? Because of inflated player salaries that were causing a rotting of the game from the inside out.

As fans, we lost out on an entire season of could-have-beens and what-ifs all for the sake of the almighty dollar.

And now the NHL and NHLPA have, once again, raised the salary cap for NHL franchises. Is there a problem re-occuring here? May we have a repeat of the shortened 1994-95 season? Is there another 48-game season in the future?

NHL salary caps have risen by 6.4 percent from last season to $56.7 million. Immediately after the lockout, the cap was placed at $39 million. A $17.7 million dollar increase over three seasons.

Remember Jaromir Jagr’s $11 million yearly deal with Washington? That could very well happen again as teams can pay a player the maximum $11.34 million a year - a figure that has also increased.

Trailblazers

And hockey fans missed an entire 82 games and playoffs to turn a new leaf in fiscal responsibility?

Call me crazy, but if the rises in salary caps continues to rise what did the lockout season of 2004-05 settle?

Was it to show that Gary Bettman was a hero by saving the NHL from a second consecutive lockout season?

Or maybe I’m still bitter about a lost season.

Whatever the cause for increased salary cap space, Bettman seems to be trying too hard to make the NHL a viable sport across the world. Too hard for him to succeed.

At the start of the “New NHL Era”, it seemed viable that smaller markets such as Winnipeg, Quebec City, Hamilton, Kansas City, Hartford, and other places could actually support a team.

Now with the rising salary caps, this seemed dream may just be a fantasy that will never come to life.

Or will it?

Time will tell.

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INO.com News - Oil minister: Saudi willing to increase crude output
Oil minister: Saudi willing to increase crude output. 12 minutes ago … (AP:JIDDAH, Saudi Arabia) Facing strong U.S. pressure and global dismay over oil …

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Oil Minister: Saudi Willing to Increase Crude Output. … By SEBASTIAN ABBOT Associated Press Writer JIDDAH, Saudi Arabia June 22, 2008 (AP) …

For now, the current “oil shock” leaves Western countries with little choice but to move toward nuclear power and change their energy-consumption habits, Britain’s prime minister warned at a rare meeting of oil-producing and consuming nations.

Saudi Arabia — the world’s top crude exporter — called the gathering Sunday to send a message that it, too, is concerned by high oil prices inflicting economic pain worldwide.

Instead, the meeting highlighted the sharp disagreement between producers like Saudi Arabia and consuming countries like Britain and the United States over the core factors driving steep price hikes. Oil closed near $135 a barrel on Friday — almost double the price a year ago.

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JIDDAH, Saudi Arabia (AP) — The U.S. energy secretary said Saturday that … Saudi Oil Minister Ali al-Naimi also confirmed the increase ahead of the …

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Oil minister: Saudi willing to increase crude output. By SEBASTIAN ABBOT … JIDDAH, Saudi Arabia (AP) — Facing strong U.S. pressure and global dismay over …

The cost of gasoline also has become a sore point in the U.S. presidential race, with President Bush and presumed Republican nominee John McCain calling on Congress to lift its long-standing ban on offshore oil and gas drilling. Barack Obama, the presumptive Democratic nominee, has said such moves will do nothing to ease American consumers’ pain short-term.

Oil minister: Saudi willing to increase crude output: Financial …
Oil minister: Saudi willing to increase crude output. - JIDDAH, Saudi Arabia (AP) — Facing strong US pressure and global dismay over oil prices, …

The U.S. and other nations argue that oil production has not kept up with increasing demand, especially from China, India and the Middle East. But Saudi Arabia and other OPEC countries say there is no shortage of oil and instead blame financial speculation and the falling U.S. dollar.

Saudi Oil Minister Ali al-Naimi said the kingdom is willing to produce more than the 9.7 million barrels of oil a day it had already planned to produce in July — if the market requires it.

But the Saudi oil minister also blamed speculators and asserted supply is not the problem.

“In today’s environment, I am convinced that supply and demand

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