Kukla's Korner Hockey
by Paul on 05/02/11 at 05:45 PM ET
from Mike Ozanian of SportsMoney at Forbes,
It has been a great season for first-year Tampa Bay Lightning owner Jeff Vinik, who paid just $93 million for the NHL team. The Lightning finished the regular season with 103 points, 23 more than the 2009-10 season, while attendance increased by almost 2,000 per game, and Vinik’s team currently holds a 2-0 lead over the top-seeded Washington Capitals in the second round of the Stanley Cup playoffs.
But the Lightning will still post a pretax loss of around $30 million even if they reach the finals, according to a person familiar with the Lightning’s finances. In large part this is because the league’s new collective bargaining agreement, which began with the 2005-06 season. Playoff teams must pay the N.H.L. a low six-figure fee to help cover the league’s costs to produce the playoffs, including expenses for travel, marketing and officiating.
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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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