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Old 02-08-2017, 03:08 PM   #1
sureLoss
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Default CHL minimum wage lawsuit reveals clubs' financials

Yesterday the judge in Calgary presiding over the minimum wage lawsuit unsealed WHL/OHL financial statements

http://www.tsn.ca/new-court-filings-...cials-1.667220

Quote:
The Prince George Cougars, for example, lost money three years in a row between 2012 and 2014 but still sold for $6.4 million in 2015. Similarly, after losing $212,902 in 2014, the Hamilton Bulldogs sold for $10.3 million in 2015.

The Regina Pats sold for $6.8 million and the Sarnia Sting sold for $7.7 million, both in 2015. The Erie Otters in 2016 sold for $8.4 million (U.S.).
more tidbits in the article

also interesting is the NHL/CHL agreement's financial details were released:
Quote:
According to terms of the contract between the NHL and CHL, the NHL paid the CHL a grant of $7.6 million in 2013-14, an amount that is set to escalate to $12.6 million by 2019-20.

The NHL also pays the CHL at least $750,000 per year to cover player school fees for current and former players not in the NHL or AHL, and at least $315,000 per year to educate players about the diagnosis and treatment of concussions.

Other payments cover officiating (at least $775,000 per year), minor hockey elite skill development (at least $500,000 per year) counsellors who advise players about substance abuse, gambling and sexual activity (at least $255,000 per year), and officiating (at least $775,000 per year).

CHL teams are also eligible for additional payments for sending players on to the NHL. A CHL team is paid $60,000 for a skater and $75,000 for a goaltender who is signed by an NHL team and retained after the start of the regular season. CHL teams are eligible for an additional $12,000 for skaters, and $15,000 for goalies if they are retained through Jan. 1 and there are more payments to CHL teams if players remain on NHL rosters past Feb. 1 and Mar. 1.
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