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Originally Posted by Jay Random
Some people on CP are talking about paying those three guys close to $30 million in the aggregate. That makes the Leafs look financially responsible.
Yes. You don't hear about it in the media, but after one year of almost no revenue at all, you can be sure CSEC management are pulling their hair out in private. Historically, they have needed to sell out the building (or close to it) all season to break even, and made their profits from the playoffs – which is one reason why the mandate has always been to get into the playoffs by hook or by crook. Take away a large percentage of that, and you are looking at big, big losses and repeated cash calls to ownership.
Gate revenue in the NHL is mostly driven by season tickets, and I don't see a lineup of people wanting to buy season tickets in mid-season. Is that even a thing?
Walkup crowds come and go; you can't project solid revenue based on those. If you're going to have empty seats in the arena, every owner would rather have those seats sold and paid for in advance of the season. This year, that's not happening.
Actually, you can. That ‘huge’ contract from ESPN is no bigger than the Canadian contract from Rogers. And a big chunk of that is simply replacing the old U.S. broadcasting deal. It's not all found money.
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Sorry but the US rights contract is a significant increase from the prior deal. Here is a quote from the NY Times
"The sum from the two deals represents more than double the approximately $300 million that the N.H.L. had been receiving from NBC and ESPN, which had been paying $100 million for various rights — including the ability to show games on its streaming service — before last month’s deal."
Yes attendance is down but little early to be calling it full blown crisis. The Seattle check went through BTW so the cash calls probably haven't started yet.
You're right $30 million for those three is too much. This is the roster that has been constructed though.