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Originally Posted by Strange Brew
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."
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Before COVID, the NHL's revenues topped out at $5.09 billion according to Statista. The increase on the new deal represents 6 percent of that. Attendance is down more than 8 percent from pre-pandemic levels so far (according to Sound Of Hockey), and 10 markets are down by more than 10 percent – four by more than 20 percent. Only four markets have shown attendance increases, and one of those is Ottawa, which had miserable attendance even before the pandemic.
A lot of teams are going to be bleeding money this year.
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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.
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That cheque amounted to less than $22 million per team. I guarantee you that every team in the league lost more than that by paying a full year's salaries to the players in 2020-21 with virtually no gate revenue. The money is already gone.
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You're right $30 million for those three is too much. This is the roster that has been constructed though.
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Then they need to reconstruct it.