It says here Players talking of $60 million luxury tax threshold
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09-10-2004, 06:03 PM
Join Date: Jun 2004
Originally Posted by
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.
The Red Wings don't generate revenue? They are the Dallas Cowboys of hockey, at least in the US. They have sold out every game since December of 1996. They consistently sell more jerseys than any other team in the league. They are on national TV as much as anybody. And they draw more on the road than any other team, which puts money into others owner's pockets.
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