The value of the contract is predicated on the number of broadcast events available to Rogers. Like with ANY television property, the value is in the number of times you can air the product. This is a foundational aspect of north american rights contracts for sports, it's how broadcasters determine the value of the contract.
For example, NBC has a deal with the NHL that grants them 100 regular season broadcasts, as well as exclusivity for playoff coverage. NBC pays about 200 million per season to the NHL for those 100 games, and uses the games figure to determine their per game revenue potential.
If you remove a Canadian franchise you need to make up those lost games with other teams. Short of extending the season to 100+ games, the available broadcasts in Canada won't be a reachable target. If the Flames were to leave in year 7 of the deal, Rogers would be out roughly 350(!) broadcast events at the national level. Considering Rogers is also the REGIONAL rights holder, both broadcast and radio, for the Flames through the 2020 season, there would likely be a significant penalty for voiding that contract as well.
Even if moving Calgary doesn't void the contract outright, it does open it up to litigation, financial penalty and/or revocation based on a variety of different thresholds. The best case scenario for the league in a situation where the Flames leave Canada is by paying Rogers compensation for lost revenue opportunity by limiting the amount of broadcast events per season the broadcaster has access to.
Basically, the first calculation for determining the value of the contract is how many games will they broadcast. It's the framework the entire television broadcasting industry is built on. AMC doesn't pick up Breaking Bad for a season, they pick up Breaking Bad for a specific number of episodes.
Maybe Rogers is the most incompetent broadcaster in the history of broadcasting, or maybe this is a standard TV deal for a major sport in North America. I dunno.
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