Kukla's Korner Hockey

Kukla's Korner Hockey

Report- The NHL Sees An Increase In Revenue

06/09/2014 at 4:07pm EDT

from James Mirtle of the Globe and Mail,

Get ready for a skyrocketing salary cap in the NHL, even before the league’s new Canadian TV deal gets factored in.

According to a report on Monday from Chris Botta of the SportsBusiness Journal, NHL revenues for the 2013-14 season are expected to hit $3.7-billion, which would be a 12-per-cent increase over the league’s last full campaign.

With the new TV revenue added in a year later, meanwhile, that figure will for the first time crack the $4-billion mark in 2014-15.

That’s obviously a good business story for Gary Bettman and Co., but the more pertinent result of much higher hockey-related revenues for fans (and general managers) is the impact it’ll have on the cap.

continued

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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.

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.

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