The world wide financial crisis is now affecting Canadian based NHL teams. As we all know, teams in Ottawa, Montreal, Toronto, Calgary, Edmonton and Vancouver all receive their revenues in canadian currency, then most buy american currency to make payroll. Below is what kind of rate exchange we are talking about. That's alot of money.
| Team | Payroll in US $ | In Canadian $ | Difference |
| | $53,699,667.00 | $67,183,653.38 | $13,483,986.38 |
| | $59,237,897.00 | $74,112,532.94 | $14,874,635.94 |
| | $48,093,333.00 | $60,169,568.92 | $12,076,235.92 |
| | $52,567,381.00 | $65,767,050.37 | $13,199,669.37 |
| | $57,700,000.00 | $72,188,470.00 | $14,488,470.00 |
| | $49,379,167.00 | $61,778,275.83 | $12,399,108.83 |
| Total | $320,677,445.00 | $401,199,551.44 | $80,522,106.44 |
| Avg/team | $53,446,240.83 | $66,866,591.91 | $13,420,351.07 |
This is actual payroll obligations, and not cap money, which based on the average of the contract. The numbers are based on the closing of the markets on Friday.
Dallas Stars have ceased to recognize Sean Avery as a member of the organization, and are ready to eat up the salary that goes with it, according to the Dallas morning news. The Stars can buy out his contract at the end of the season at two thirds, which comes to 10.3 million spread over six years.
Today is suppose to be the day Mats Sundin decides where he will be playing the rest of the season. The Vancouver Canucks seem to be the front-runners, as they have the cap space to do so. The offer they had made him this summer, still stands. Sundin and his agent have stated, that is what not about the money. Sundin met with the Rangers brass on Saturday. The Rangers, Canadiens, Canucks and BlackHawks are on Sundin's shorten list.
Dallas Stars have ceased to recognize Sean Avery as a member of the organization, and are ready to eat up the salary that goes with it, according to the Dallas morning news. The Stars can buy out his contract at the end of the season at two thirds, which comes to 10.3 million spread over six years.
Today is suppose to be the day Mats Sundin decides where he will be playing the rest of the season. The Vancouver Canucks seem to be the front-runners, as they have the cap space to do so. The offer they had made him this summer, still stands. Sundin and his agent have stated, that is what not about the money. Sundin met with the Rangers brass on Saturday. The Rangers, Canadiens, Canucks and BlackHawks are on Sundin's shorten list.
