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According to a report in the Toronto Star, a Russian tycoon has hired former NHL Players' Association executive Bob Goodenow to help create a new professional European hockey league that would compete for players with the NHL.
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http://www.tsn.ca/nhl/news_story/?ID=225259&hubname=nhl
If this takes off I wonder how much it will affect the NHL. How would you feel if a Euro/ Russian team poached Frolov and compensated the kings $200,000 That could really throw a spanner in the works of the NHL salary cap.
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The likelihood of a new European league has increased in recent years as hockey federations in Russia and elsewhere in Europe have grown disenchanted with the NHL over its recruitment of their best players.
At the same time, Medvedev has ample dollars to start a competitor to the venerable NHL.
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http://www.thestar.com/Business/article/285910