Truth & Rumors > NHL
Source: League lost $240M over two seasons
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08:23 AM ET 09.05 | Make of the timing what you will, but on Tuesday an answer came as to why the league is asking for significant concessions from players. Obviously, if the NHL is now demanding a pay cut of 19.3% to each player, there is a reason. A source at the NHL who wishes not to be named, confirmed to me that even if some teams are making profits, the league as a whole lost a lot of money. Another source confirmed to me that yes, the league has not made profits over the last two seasons and losses are approximately 240 million during this period. This is huge and it is clear that the leaders of the Players Association can not ignore them, even if they dispute the accuracy of the data.
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Comments (46) Add A Comment
Maybe the league should not own the coyotes and should get rid of the teams that are losing money or move them to more lucrative cities. Bettman should look to get rid of teams not add them. Put teams in places where they are NHL fans. Putting franchises in areas that don't like hockey is not going to make more NHL fans. It may add a few fans, but not enough to have a healthy franchise that makes money.
Cujo727
Boston , MA
Total Comments (8)
I wonder how much of the $240M is associated with a team located in a desert?
Garbage Man
Harrisburg , PA
Total Comments (1751)
If the league is losing money, it is the fault of the guy the owners have in charge, and absolutely nobody else.
dannylimes
Toronto, ON
Total Comments (8355)
Or a team located in the Land of 10,000 Lakes
BGDave
Bowling Green , KY
Total Comments (1193)
There are precious few "more lucrative cities".
Contraction is absolutely necessary. A 24 team league would be more than reasonable.
BGDave
Bowling Green , KY
Total Comments (1193)
...and the owners for not setting stop gaps to prevent these situations
Garbage Man
Harrisburg , PA
Total Comments (1751)
been saying it forever in here.
and the owners, as noted by garb.Man...have put no measures in place (via the troll commissioner that is suppossed to be business savy) to prevent it. And then throw in the ridiculous contracts....and there it is....
Spiny Norman
Total Comments (11365)
By the way....to call this timing ....suspicious.....would be understating
Spiny Norman
Total Comments (11365)
Most of it would be my guess.
roamer
Total Comments (10112)
"Make of the timing what you will, but on Tuesday an answer came as to why the league is asking for significant concessions from players."
The timing is perfect. We were starting to get bored waiting for the Fehrer and/or the Buttgoblin to say something we didn't already know.
roamer
Total Comments (10112)
Source: League lost $240M over two seasons
Check your jacket's inside pocket.
Canuck eh?
Total Comments (19020)
Heck of a first comment. Pretty much sums up the situation right there.
Nobody expects…
Total Comments (13359)
Now, there you go! Trying to confuse the issue at hand by making a perfectly intelligent argument! Where did you come from? ;-)
roamer
Total Comments (10112)
Right, how did we suddenly go from unprecedented financial growth to losing $240 million? My guess is they just updated their numbers to include the guaranteed money for Suter and Parise. In this day and age, with tv contracts, merch, and whatnot, for a pro league to work at a huge financial lose you should just fold the league...or at the very least fire the guy "in charge."
santapig
Kansas City , MO
Total Comments (3315)
Wow, the first comment is usually a personal attack on a member on here. Nice to see someone buck that trend! Welcome!
DurkDiggler
Iron City, PA
Total Comments (1542)
I agree. I reported it as completely inappropriate for this site.
Canuck eh?
Total Comments (19020)
that's what I meant by the suspect timing....
Spiny Norman
Total Comments (11365)
Clearly we need to train this person on the proper behavior :)
Nobody expects…
Total Comments (13359)
and to jump right in on the side of common sense....
Spiny Norman
Total Comments (11365)
Fire the guy in charge! Fire the guy in charge! Fire the guy in charge! Fire the guy in charge!
DurkDiggler
Iron City, PA
Total Comments (1542)
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