Kukla's Korner Hockey
by Paul on 04/18/06 at 02:13 PM ET
The Washington Capitals are expected to reduce their financial losses by nearly 75 percent this season because of a lower payroll and a new financial structure for the NHL that will provide the team with millions of dollars in revenue-sharing payments. Caps owner Ted Leonsis said he expects to lose about $5 million this year, a sharp change from past seasons when high payrolls contributed to tens of millions of dollars in losses. He also said the team should be profitable by next season as long as fan interest increases. "We're a young, growing team, and there are better days ahead," Leonsis said.read on
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About Kukla's Korner Hockey
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.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
Email Paul anytime at firstname.lastname@example.org