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01-14-2013, 12:44 AM
Join Date: Aug 2005
Originally Posted by
According to previous post, was not there also an issue with weak canadian dollar in mid 90s?
Yes, it was weak (1 CAD = 0.72 USD at the time), but that was something of a red herring: in 1994 the Canadian dollar was worth about the same as it was in 1986, in the midst of a period when a Canadian team won the Stanley Cup seven consecutive years. Player salary costs were rising exponentially and frankly the Jets and Nordiques could not make enough money to continue. From 1992-93 to 1995-96 average team payrolls had
. The drop in the Canadian dollars relative value exasperated the problems in Quebec City and Winnipeg but that was not their ultimate downfall. Ultimately unsustainable player costs put them out of business. The same happened in Hartford.
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