It says here Players talking of $60 million luxury tax threshold
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09-10-2004, 04:12 PM
Join Date: Oct 2002
Originally Posted by
First of all, I wouldn't beleive the NY post on anything.
Second, the Red Wings have not lost millions for years. They generally need to go to the third round to make a profit. So yeah, they've probably lost some money in last couple years, but its not like they're in dire straits.
Actually the Wings owner claims he must make the finals for his team to break even, at some point a year ago he could not make payroll with the Tigers but kept spending on the Wings. But the point is the Wings overspending and banking on going to a final drove up the player market while the franchise on the whole is not producing revenue. They are a big part of the problem and cannot charge any more for tickets.
If your not going to accept the Rangers own life-long fan and beatwriter Larry Brooks in the Post, perhaps the Washington Post or the Garden's own financial statement. (posted a page or two back)
NHL owners reject players' proposal
But union officials say more than two-thirds of a listed $224 million loss for the 2003-04 season was because of six teams and
about a third arose from just New York-area teams. Saskin declined to identify those teams, but both the Rangers and Islanders have sustained heavy losses in recent years.
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