How much money is the NHL losing due to the lockout?
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10-09-2012, 02:16 PM
Join Date: Mar 2010
Location: Peg City
Originally Posted by
Probably, in terms of what it means to the lockout, the answer should be "significantly far less than the players".
But overall. Not much. I'd probably peg overall league losses in the 500M range for a year, but thats a gut instinct number based on probable numbers in the past plus expected costs of 10M per team if they do not play due to overhead. But a lot of that loss takes place in the playoffs, so the owners do not feel it now.
My best guess is Toronto, Montreal and NY Rangers are losing money (profit), and the rest of the teams are breaking even or generating less losses at the current time. As this drags on though teams like Chi, LA, FL, teams that would have made the playoffs are basically leaving money on the table.
This is why its tough to imagine the players winning. Only one team generates more profit than their payroll (Toronto) so roughly 91% of the players are losing more money than their team owners. Not a recipe for success ....
$500 million for the year is probably a good estimate. Doug Maclean was the president of the Blue Jackets during the last lockout and said his owner had to write a check for $17 million to cover loses incurred that season (he didn't say if that was less of a loss vs what they incur playing the games). I believe he said his owner refused to lay anyone off so other teams loses would likely be less if they took cost cutting measures.
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