vernment. The local and national governments need to make provisions so that these teams can continue contributing to Canadian history. The portion of federal money used in the first proposal would come from the industry spending plan for the year 2000. The plan would give them money until 2004 when the collective bargaining agreement between the NHL and players association would be renegotiated. This Plan is essential for the survival of the NHL in Canada.The national hockey league and the Canadian government worked on a plan to give government subsidies to Canadian hockey teams so that they could continue conducting business in Canada. Federal industrial minister John Manley pledged cash to the six Canadian NHL teams providing that municipal and provincial and government's and the NHL share in what is described as a temporary bailout. The amount of assistance will be examined on a team-by-team basis. “The subsidies will run through the end of the current collective bargaining agreement between the NHL and its players in 2004 and Ottawa will provide 25% percent of the any aid package” (Hickely 1). Ottawa will only give a maximum of $2.5 million a team and that would mean $10 million a year. The money that would have been given to the NHL teams would have made it possible for all of the six Canadian teams to remain there till 2004 (Hinkely et al. 1-4).Without help from the government the remaining six Canadian professional hockey teams will not survive until 2004. The bail out plan was key ingredient in keeping these teams in Canada and without a solidify short-term agreement with the Canadian government franchises such as Vancouver, Edmonton, and Calgary could find homes across the board. The Canadian government withdrew its funding because of public outcry now Canadian teams have to be creative in how they're going to raise money to deal with the inflated taxes. Or the NHL could find itself in three new markets s...
