Truth & Rumors > NHL
Flyers owner pushing for labor solution?
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11:09 AM ET 11.17 | Behind the scenes, there seems to be a seismic shift going on among the NHL's Board of Governors, also known as the group that Gary Bettman answers to collectively. And Flyers chairman Ed Snider may be the big mover-and-shaker behind it all. Multiple sources confirmed to the Daily News on Friday that Snider, once seen as a supporter of the Bettman's push to rein in the players' share of revenue, has soured on the process after it became apparent that a deal would not be brokered in time for a Dec. 1 puck drop. Put simply: Snider and the rest of the NHL's owners were promised a big win by Bettman, with player concessions on revenue division and contracting rights. The best they'll get now is a small win in revenue split - coupled with a demoralized fan base and all-important corporate sponsors that are ready to quit. A source familiar with Snider's thinking characterized it as: "If this is the deal we are going to get, what's the point of dragging this out?"
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Cintia Dicker
Alyssa Miller


Comments (25) Add A Comment
Fire the Butt-plug Eddy and the fans will forgive you.
Canuck eh?
Total Comments (18368)
And if you don't may this be the only song on your iPod.
Canuck eh?
Total Comments (18368)
FIREBETTMANFIREBETTMANFIREBETTMANFIREBETTMANFIREBETTMANFIREBETTMANFIREBETT MAN!!!!!
Center Ice
Total Comments (4793)
I think I may have a typo in there somewhere!
Center Ice
Total Comments (4793)
I don't see any typos
Swamp Dragon
Total Comments (13811)
Hey HANK, if you can get your butt on a plane I have an extra ticket for you to go see the fight tonight!
puttin on the foil
Total Comments (7695)
GSP!!!!!!!!!!!!!
bostongm
Total Comments (4607)
Bettman must die!!!!!
bostongm
Total Comments (4607)
Excerpt from Edmonton Jounal story
he Florida Panthers as an example. For many, the Panthers are a great case in point of what went wrong with the NHL???s expansion into the Sunbelt. Attendance has improved of late, but on a percentage basis still easily falls into the NHL???s bottom-third. The team has struggled for respectability on the ice, and off the ice the financial picture is generally seen as gloomy.
Last year, Forbes estimated that the Panthers lost $7 million. Over the last nine seasons, they calculate the Panthers total losses at $68 million, an average deficit of $7.5 million per season.
Interestingly, the picture that Forbes paints is at odds with that presented by Broward County. Broward County was primarily responsible for the construction of the Panthers??? arena, and as a result gets to look at the books of the organization. According to the county auditor, the organization made $117.4 million in profit between 1998 and 2012.
How does a team losing $7.5 million per season rack up profits in excess of $100 million? There are a few reasons, and to find them we need to dig a little.
The Panthers play in BB&T Center. The arena was built for $191 million and opened in 1998, it was financed through bonds issued by the County and repaid through a combination of tax and arena revenues. The County then inked a 30-year operating agreement with Panthers Hockey LLLP (now known as Sunrise Sports & Entertainment, or SSE).
As part of the agreement, SSE essentially controls the arena. They host 41 regular season home games (plus playoff games and any special/pre-season games), and between 70-100 other events in a calendar year. The county receives revenue sharing only if the Panthers organization hits a certain profit level, which was previously pegged at $12 million in a year.
The 2010 auditor???s report, which is available at the county website, shows a company that averaged $9.9 million per fiscal year between 1999 and 2008 (discounting the 2004-05 lockout year, for a moment). Those revenues dipped to just a hair over $1 million in 2005, the year of the NHL lockout. Interestingly, 2005 ??? due to the lockout ??? is the one year where Forbes doesn???t provide an estimate that shows the Panthers losing money, and it???s the lowest revenue-generating year the auditor records.
That???s either an incredibly interesting coincidence, or evidence that the Panthers themselves help make the arena as profitable as it is.
Swamp Dragon
Total Comments (13811)
It's called cooking the books
Swamp Dragon
Total Comments (13811)
Comment #9
extremely interesting....thank you Swamp Dragon.
LittleE~BigMT fan
Total Comments (4238)
pretty much exactly what I have been yelling from the rooftops for a long, long time. The Heat also supposedly lost money last year. Give me a break, please.
If these clowns want to cry poverty then they should have to open up the books not only on their franchises but on all auxiliary company operating within the same sphere...
puttin on the foil
Total Comments (7695)
Not a big ufc fan, but reallllyyy excited to see it as an event. Ive been to a few boxing events at the Bell Centre and I have really enjoyed the experience, Im guessing that this will absolutely blow those out of the water.
Hope GSP rises to the occasion.
puttin on the foil
Total Comments (7695)
I recently had the opportunity to meet Mr. Snider at my daughter's wedding reception. If anyone has the capacity to settle this grand impasse, the dynamic Mr. Snider is precisely that individual!
It is time for those of character, conviction, and courage to assume their destined role!
jse17
Elephants Breath, WY
Total Comments (184)
A source familiar with Snider's thinking characterized it as: "If this is the deal we are going to get, what's the point of dragging this out?"
Exactly, Mr. Snider. The point of dragging this out can only be for Bettman's ego and to appease the vindictiveness of some of the other owners. When Snider gets this resolved, you can all thank us Flyer fans :))
Nobody expects…
Total Comments (13135)
A quick resolution to this would come if sponsors spoke up and said they'd had enough. That would put the real fear of revenue loss in both sides.
Nobody expects…
Total Comments (13135)
This is up there William Shatner's version of Mr. Tambourine Man :)
Nobody expects…
Total Comments (13135)
only a matter of time before the heavy hitting owners put a stop to this nonsense. i think bettman just cut his own throat.
man o war
Harrison City , PA
Total Comments (654)
thanks anyway. this from a penguin fan. think snider will shake it up.
man o war
Harrison City , PA
Total Comments (654)
But who's going to play Jeff Saturday to Snider's Bob Kraft
Swamp Dragon
Total Comments (13811)
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