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Owners Need To Share Revenue

from Barry Rozner of the Chicago Daily-Herald,

I asked an NHL executive last week how many owners we’re talking about here, and he said he thought the number was between six and eight. Let’s call it eight, for the sake of argument.

There are eight men shutting down a $3.3 billion business that has never been in better shape, never been more popular and never meant so much to so many.

This is why Gary Bettman has closed the doors again.

Eight very rich men who had enough money — sometimes hundreds of millions — to purchase a franchise knowing the finances ahead of time. Eight very rich men who had the cash to hand out expensive, long-term contracts, but now don’t like the rules agreed to when they purchased their teams and paid their players.

Eight men in hockey hotbeds like Dallas, Anaheim, Sunrise and Glendale, the last of which is actually owned by Bettman himself. These people don’t like the rules and are willing to lose a season to get their way.

They want more revenue from the players, but that would only temporarily solve the problem and we’ll be right back here again in the same quandary a few years from now.

The real solution is revenue sharing among the owners, which is how the New York Yankees finally pacified the Kansas City Royals.

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Filed in: NHL Talk, | KK Hockey | Permalink
 

Comments

Chet's avatar

in light of my tv package and a friend w tickets, none of my money will go to the NHL directly or otherwise any time after they start up again. at first i thought, “don’t buy beer or parking at the kings this year!” (i live in LA, get tix from friends), but now, F these guys.

Posted by Chet from twitter: thegansen on 11/03/12 at 10:59 PM ET

Chet's avatar

i mean god DAMN these guys! this is horseshit. if these owners want to play with their toys or worse still be absentee(!!!???), f them. nevermind my desire to watch hockey, it goes back to all these employees out of work.

fan rage, i hope, is being underestimated. not here though.

Posted by Chet from twitter: thegansen on 11/03/12 at 11:01 PM ET

SYF's avatar

Eight.  Of thirty owners in the NHL making the most noise about this shit.  How pathetic.

Posted by SYF from the team that re-signed KFQ and DFC by KFH on 11/04/12 at 04:14 AM ET

creasemonkey's avatar

My ticket money had mostly gone to Anaheim, Phoenix and LA despite going to see the Red Wings play. Those are the ones that lose out since I’m not paying for tickets anytime soon (even if a miracle happens and the season starts).  They can enjoy their lost guaranteed sellouts.

I find myself agreeing with a lot of die hards in finding myself apathetic about the loss of games. It just hasn’t fazed me, especially since I figured this was the outcome back in June. My ticket money is just going toward two new bicycles and my time has filled up with another hobby. I don’t need the NHL as much as it may need me in the future.

Posted by creasemonkey from sweet home san diego on 11/04/12 at 06:43 AM ET

Avatar

Eight.  Of thirty owners in the NHL making the most noise about this shit.  How pathetic.

I wonder if anyone caught the real import of that article.  I haven’t seen any comments to date which hint it was.

Posted by HockeyinHD on 11/04/12 at 07:05 AM ET

Colossal Cap Hit's avatar

Rather than write a check just for being better at what he does, why not take out the salary cap floor and let a rich team buy another team’s extra cap space?

That idea doesn’t make much sense. You might as well take away the cap and let teams spend as much as they want. There is no point in having a cap just for the sake of channeling money to the owners of the have-nots if it means destroying the competitive balance of the hockey teams. It makes the 30-team league pointless. The NHL doesn’t want a situation where 8-10 teams are completely irrelevant and basically farm clubs sharing a league with the real clubs.

It makes a lot more sense to have a cap and floor while allowing teams to trade players for money. That would fill the coffers of the have-nots while maintaining the competitive balance in place.

Posted by Colossal Cap Hit on 11/04/12 at 05:43 PM ET

Avatar

The NHL doesn’t want a situation where 8-10 teams are completely irrelevant and basically farm clubs sharing a league with the real clubs.

This is why the NHL is in the shape it is in today.  It’s not greedy owners.  It’s not that Bettman is evil.

It is that there are at least 4 and as many as 8 NHL teams that should not exist.

Because there are these 4-8 ‘extra’ franchises in the NHL, they create a huge financial drag on the league as a whole.  Any system needs to somehow account for the reality that at least 4 and as many as 8 of its members are going to be financially incapable of competing in any real way.

If the NHL instituted the most penal revenue sharing program in the history of the league and forced every team that made 2 dollars more than they spent to give 1 of those dollars to a team that lost money they could just barely cover the losses of the other teams in the leauge.

If they took half the money teams that made a profit brought in.

RS isn’t the answer to the issue.

Posted by HockeyinHD on 11/04/12 at 07:07 PM ET

Avatar

This is why the NHL is in the shape it is in today.  It’s not greedy owners.  It’s not that Bettman is evil.

So it is that they are incompetent? I tend to not want to give more of my money to people that are incompetent with it. This is a problem the league made and there are ways to solve it, but they won’t because they are greedy. Move a second team into the Toronto market from a failure in the desert is just one example.

No, the NHL rather have expansion fees or keep the one franchise soaking up massive profits so that they can claim other markets are failing abd in need of help. No one is this naive. There will always be at least 4 markets that are underperforming, just like unemployment will never reach 0%.

Posted by hockey1919 from mid-atlantic on 11/05/12 at 10:27 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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