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Campbell's Cuts: CBA serving purpose of driving up franchise values

06-Oct-2008
Story Timeline:  46 days

Guys like George Gillett gave up a season of profits so that guys like Ted Leonsis could have a better chance to make some of their own. But, three years after the lockout, the collective bargaining agreement does not seem to be working so great for either of them. The lockout was supposed to be about keeping player costs in line, but Gillett looks at the money he is paying out and notices that with what his team pays into player salaries and revenue sharing, he is putting out more money than he did prior to the lockout. He owns the Montreal Canadiens. The lockout was supposed to level the financial playing field and give everyone a chance to make a profit. Leonsis looks at his bottom line and sees he is still losing money and will do so again this season. In order for him to start making any money, the stars will have to... [read full story]                    

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Latest article on this story:

Leonsis: Caps won't travel to Europe ... for now

espn.go.com 07-Oct-2008
First article on this story:

Leonsis: Caps won't travel to Europe ... for now

espn.go.com 07-Oct-2008
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