Don't Cry for NHL Owners
When it comes to hockey team ownership, should we feel sorry for owners who lose money? Or should we envy them for getting to play with grown-up toys?
When it comes to hockey team ownership, should we feel sorry for owners who lose money? Or should we envy them for getting to play with grown-up toys?
So in what was possibly the most anti-climactic resolution to the negotiations between Ice Edge Holdings and the City of Glendale, the City Council gave the thumbs up to the Memorandum of...
The average NHL team has increased its revenues by $20-million since 2003-04, but those on the low end of the scale have only marginally improved their bottom lines, getting a $9-million boost on average (including revenue sharing).
This is the next fire for Gary Bettman to put out, likely as soon as the situation in Phoenix is resolved. And with a rebound beginning to come elsewhere, we're really seeing what the NHL looks like in a recession.
The Coyotes sale, expected to be in the $150-million range for a local bid, would fall about $10- to $15-million shy of the average purchase price (in 2008 dollars) over the past 10 years
After years of avoiding the subject at all costs, the NHL may at some point have to debate the merits of a franchise in Hamilton out in the open, something that could make for great theatre
So, two days into the market, about $120-million in contracts for next season handed out, and by my count another $150-million to go.
Both the NHL and the NHLPA confirm the players have voted to apply the five percent inflator, meaning the salary cap for next season will stay the same or rise slightly, just above $57-million.