Monday’s blog is a little bit about contracts and the imaginary NHL player market that many fans and media seem to believe in.
A few days ago, an economist complained about analysis that tries to apply simple Econ 101 rules to the real world, leaving out all sorts of context like trade barriers and regulatory control of markets. And I thought, oh, buddy, you should hear how the NHL player market is discussed.
First of all: is there a market? Mike Babcock used to use a line that he might have stolen from Lou Lamoriello about how you can’t just go to the tree in the back yard and pick a defenseman like you do an apple.