Tag: business of hockey

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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?

City of Glendale Finally Gets on Board with Ice Edge Holdings

6

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...

Players have paid 18 percent escrow in the first two quarters of this season, with the...

40

Players have paid 18 percent escrow in the first two quarters of this season, with the third-quarter amount to be decided at the end of the month. It's estimated the final escrow payments will range from 12 to 15 percent; again, another big chunk of change for the players. The biggest frustration for the players is they are tied to the league's business decisions with no downward protection. For example, the players believe the whole Coyotes mess in Phoenix is costing them money and they have no say in it.

— Pierre LeBrun, ESPN.com

Forbes figures highlight growing gap between rich and poor

16

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...

The NHL's next big problem

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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...

While pressure builds on Tom Hicks, owner of the Texas Rangers and Dallas Stars, to sell one of...

13

While pressure builds on Tom Hicks, owner of the Texas Rangers and Dallas Stars, to sell one of his teams to satisfy his creditors, a source close to the Hicks Sports Group said Tuesday that the hockey team will not be affected. HSG has until August 2010 to satisfy debt payments before creditors could initiate any kind of takeover, the source said, adding that the deadline is 10 months later than some creditors had initially assumed. HSG owns and manages both franchises. "There is a plan in place, and we're following the plan," the source said.

— Mike Heika, The Dallas Morning News

What an NHL team costs

9

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

Evaluating Balsillie's application

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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

2009 NHL Free Agency: Which teams have cash to burn?

35

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.

Salary cap to stay in $57-million range

9

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.

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