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Yes, the owners do shoulder some of the blame for not keeping their spending in check, but there are many factors that also contribute.
What about the owners who have much deeper pockets? The owner of the Rangers is going to have a lot more money to throw at someone like Jagr than the owner of the Blue Jackets, which puts him at an unfair advantage. And then you've got the agents who are looking for the richest contract they can find, so they will gravitate to the richest teams. Not to mention the Canadian teams who have to compete with the American dollar.
At this point it's not really about who's fault it is; the game needs to be fixed. A cap is needed because hockey simply doesn't have enough revenue coming in to pay for these outrageous salaries, and it's too risky to simply rollback the salaries.
Anyways, I obviously miss hockey. I saw the Brad May charity game on Sunday night though. Man, was it good to see Nazzy and Bert back on the ice ...
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"We are always in our own company."
-- Friedrich Nietzsche
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