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Blame The Owners

from Jack Todd at the Montreal Gazette,

Worse, for fans who are clinging to the hope that the NHL season will start Jan. 1 and dispel some of the general gloom, this was like taking a 100-mph slapshot in the teeth. In effect, we have the looming threat of a lockout during a pandemic. Thanks, NHL. Nice to know you care.

As always, my sympathies are with the players. Millionaires they may be, but careers are short and they can end quicker than you can say “torn ACL.”

Not only are the owners wealthy to begin with, they’re making money off hockey even when the revenue isn’t there because the value of every franchise is quietly appreciating in value, even when there are no games being played.

Gary Bettman will take the heat, but the blame belongs elsewhere, with the people who are making the real money. The owners want you to focus on salaries, which are high — unless you compare them with the NBA or MLB. Trouble is, the billionaire’s game is not in the income vs. salaries equation. It’s in the value of the franchise.

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Filed in: NHL Talk, NHLPA, | KK Hockey | Permalink
 

Comments

Avatar

the billionaire’s game is not in the income vs. salaries equation. It’s in the value of the franchise.

I’m glad someone in the press finally pointed this out. It’s a topic I’ve harped on for years especially whenever I hear an owner crying about losing money. I’ll shed a tear for an owner when I actually see one sell the team without making a profit.

Posted by evileye on 11/23/20 at 10:35 AM ET

TreKronor's avatar

the billionaire’s game is not in the income vs. salaries equation. It’s in the value of the franchise.

But none of this matters when you can’t afford to cover your debt and operating expenses in the current environment. 

There’s a lot of opinions in the media right now from people who have absolutely no understanding of how to run a business or balance a budget.  Everyone’s a expert though, suddenly.

Posted by TreKronor on 11/23/20 at 11:44 AM ET

Avatar

the billionaire’s game is not in the income vs. salaries equation. It’s in the value of the franchise.

And as we all know, the owners can pay the players with the value of the franchise, so it doesn’t matter that they’re not going to make any money if there’s a season.

Posted by PresidentJoeByzerman on 11/23/20 at 01:17 PM ET

MurrayChadwick's avatar

I share no sympathy for billionaire owners, nor millionaire players who play a game for a living. That said, I’m not putting this entirely on the owners, and saying they should just come out of pocket.  Even though they just agreed to a CBA deal… 

They also are being forced to not have fans, that’s not a decision they are making. Unlike the NBA and MLB who are driven by marketing and TV deals, the NHL is a butts in the seat business.

More importantly the owners didn’t guarantee a season did they? Unless I missed that part, they actually did not agree to open the doors no matter what, they have the option of not opening their business up to lose money, and can choose to do so, and that’s what they are doing.

Posted by MurrayChadwick from YzerHolland2.0's pixie dust fueled bandwagon on 11/24/20 at 11:15 AM ET

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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

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