The Business of HockeyDiscuss the financial and business aspects of the NHL. Franchise sales, valuations, TV contracts, ratings, expansion, relocation, the CBA and work stoppage discussion goes here.
Team Staff Salary Cuts & Layoffs (MOD: and local city impacts from lockout)
A major sport has impact on the local economy? You don't say. I feel sorry for the people that are losing work due to being arena employees who won't work as many days or being restauraunt bar/employees whose hours are cut. However, as far as Christmas goes, maybe it's time to scale back a bit. The commercials I see these days suggest you should be out buying new cars and diamond jewelery for your friends and family. Frivolous much?
What does giving money to charity have to do with anything? This is about rich people squabbling over money and not caring about the side effects that it has on everyone else.
Plenty of corporate bigwigs have given loads to charity and slashed jobs without a second's hesitation. Plus, the point the book makes is about one's political outlook and how conservatives tend to give more money to charity than liberals, which has nothing to do with this here.
A major sport has impact on the local economy? You don't say. I feel sorry for the people that are losing work due to being arena employees who won't work as many days or being restauraunt bar/employees whose hours are cut. However, as far as Christmas goes, maybe it's time to scale back a bit. The commercials I see these days suggest you should be out buying new cars and diamond jewelery for your friends and family. Frivolous much?
Yeah, I hate it. During Avalanche games around Christmas they play commercials from Lexus and Cadillac about buying cars like that for people as gifts. Worst part is some of them are downright mean spirited about it, like you're not a real person if you can't buy a Lexus or Cadillac for your spouse for Christmas.
All the advertising that happens during Avalanche games is for really expensive or high class versions of normal stuff. It goes to show how they think of hockey fans as nothing but cash cows that can be endlessly milked, all while they raise ticket prices by about 10% each season and force their bread and butter fans right out of the arena seats.
Yeah, I hate it. During Avalanche games around Christmas they play commercials from Lexus and Cadillac about buying cars like that for people as gifts. Worst part is some of them are downright mean spirited about it, like you're not a real person if you can't buy a Lexus or Cadillac for your spouse for Christmas.
All the advertising that happens during Avalanche games is for really expensive or high class versions of normal stuff. It goes to show how they think of hockey fans as nothing but cash cows that can be endlessly milked, all while they raise ticket prices by about 10% each season and force their bread and butter fans right out of the arena seats.
Glad I'm not the only one that wants to puke watching the Lexus Christmas commercial.
I also wanted to get a sense of the drop in business attributed to the lockout and the 16 Sharks’ home games that have been canceled so far. I checked with Scott Knies, head of the San Jose Downtown Association, who cited a Canadian survey that said restaurants and businesses near NHL arenas were reporting a 30 percent decline. That figure, Knies added, sounded about right for San Jose as well.
http://video.sharks.nhl.com/videocen...91080&catid=-6
Video from Sharks showing impact of game on local businesses, and a word from the Marine Corps collecting toys for the Toys for Tots drive (claim that the largest source of toys is from events @ HP Pavilion, guessing that's at least county wide).
http://www.tsn.ca/nhl/story/?id=412037
AP story looks at the impact of local businesses in Buffalo and other NHL cities from the lockout, and the trickle down effect.
A Star Ledger interview with Lou Lamoriello about the lockout yesterday noted that there have been no layoffs or salary cuts to Devils employees (of course, game day staff are getting substantially less hours).
Quote:
Notes: The Devils have not had any layoffs or pay cuts in the organization to date.
"Right now everything is status quo," Lamoriello said. "Jeff Vanderbeek has done a tremendous job of trying to keep everything in perspective. He deserves a tremendous amount of credit."
Pretty good for our high-falutin' huckster owner (for the uninitiated, one of the many colorful terms applied to Vanderbeek by Newark mayor Cory Booker after the Devils largely prevailed in arbitration against the city earlier this year). Seriously though, this may suggest that Vanderbeek and/or the Devils are not as broke as certain publications claim. Or maybe it is just more spending by Vanderbeek on his way out the door. Either way, pretty classy move by an owner not known to be swimming in money these days.
Or maybe it is just more spending by Vanderbeek on his way out the door. Either way, pretty classy move by an owner not known to be swimming in money these days.
FWIW - This from The Fourth Period a few weeks back
Quote:
DECEMBER 9, 2012 l 7:22PM ET Devils pending sale still on track
TheFourthPeriod.com
Calgary-based billionaire Bill Gallacher remains in pursuit of purchasing a majority share of the New Jersey Devils, multiple sources told TFP this past week.
News first broke in August when TFP reported talks were underway to buy the Devils from majority owner Jeff Vanderbeek and minority partners Ray Chambers and Mike Gilfillan.
Chambers and Gilfillan have been looking to sell their 47 per cent stake in the organization for several months. It's believed Gallacher is looking to buy their percentage, along with an additional piece from Vanderbeek, who is expected to stay on board in a minority role.
...
According to two sources familiar with pending sale, Gallacher recently received an extension on his exclusive negotiating period. An announcement is expected as early as January 2013.
