New Arena Thread: Rogers Place? Yawn...
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05-14-2013, 12:11 PM
Join Date: Jul 2010
Originally Posted by
Except he would probably get a free lease agreement and not have to put any money into the arena. He could also work out a deal where he gets all parking and concessions from the games something Northlands currently gets. He would also have a huge population to draw from when you consider a lot of the lower mainland would probably also support the team. Sure he might take a hit in the first 5 years but in the next 30 years Seattle is by far a better market to grow a team then Edmonton. It is a very real possibility IMO if Edmonton will not help fund an arena.
We're not comparing with the situation now so what Northlands gets doesnt matter, he's getting everything in the new deal. The question is whether he's better off paying more than what he is in the new arena deal and staying in Edmonton or moving to Seattle.
Say Katz pays the whole $55 million shortfall is he better off staying in Edmonton or moving to Seattle. Clearly he's better off in Edmonton.
Just look at the average ticket prices. Edmonton is charging almost $80 a ticket on average for tickets to the Oilers. At best he'll be able to charge around $50 as an average in Seattle. $30 per ticket at 18000 seats for 40 games is close to $22 million per season without any playoff games. He also gets all non game day revenue in Edmonton which he wont in Seattle. Even with the difference in market size he'll get more for TV revenue in Edmonton then he's likely to get in Seattle. I didnt even mention attendance, over that 35 year deal he's much more likely to sell more tickets in Edmonton than he is in Seattle. Some good markets in the states do well but not all of them. Even championship teams like Anaheim, Colorado and Carolina dont guarantee a long term fan base in american cities.
Katz still comes out ahead if he pays the full $55 million shortfall than he would moving to Seattle. If he wants to move the team it has to be to Markham/Hamilton/Toronto2 or sell it.
Last edited by Halibut: 05-14-2013 at
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