Eric Lindros Speaks Out On NHL Lockout
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11-16-2012, 05:00 PM
Join Date: Dec 2010
Originally Posted by
No, there aren't 'several' sources. There's Forbes' guesstimates, McGuire's recent general comment, and a sprinkling here and there. The only teams whose financial records come close to full disclosure was Phoenix during the bankruptcy trial, and Nashville due to the city subsidies given on the arena (team has to disclose financial info). Apparently the Panthers have to divulge certain info to Broward County in Florida.
I understand perfectly what financial health means, which is also why I'm not willing to make grand statements about the magnitude without having actual data on hand.
Finally, teams have a choice in spending, above the cap floor that is. If you budget spending to necessitate reaching the second round of the playoffs, you are betting, taking a gamble. As for ROI and opportunity cost.... well, that's another kettle of fish altogether when it comes to owning a pro sports team.
In fact, you are the one that made the initial statement that teams were healthy. We can get a general idea of individual teams or groups of teams, and from overall league profit, we can see that the league is not financially stable and that most teams are running into some form of trouble.
Regardless, if neither of us have solid proof of either side, then there is no reason not to believe the league when they say that they are in trouble.
Also, no, there isn't much of a choice in spending. If they don't spend to keep their players or provide a winning team, they automatically lose money. If they do spend to keep their players, they at least have a chance to make their money back with playoff revenue, at the expense of another team of course.
The system will always be bias in favour of the players. That is why the CBA needs to have proper structure to prevent things from getting out of hand and hurting the league (and ultimately the players).
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