Over at his excellent Jerry Aldini weblog, Matt Fenwick makes a vigorous argument against a salary cap, and in favour of better business management, to help resolve the longstanding NHL business failure. I started to write a comment in reply, but it got so long-winded that I thought I ought to post it here instead…
Dear Jerry/Matt:
I appreciate the force and clarity of your argument, Matt. I’d like to offer my perspective on only one aspect of what you’ve said.
You speak of the free market, and how that ought to define the relationship between players and owners. Ultimately I agree. However, I think this misses at least two points.
