I'm talking about how the majority of the money the NHL makes each year comes from sources other than the TV deals.
For instance when you combine the NHL's new deal with Rogers (Canada) with their current deal with NBC (United States) you get an annual income of roughly $550 million. The NHL made over 3.3 billion in 2012 (the last full year) and revenues have been going up since.
Unless he believes that the local TV contracts (not NBC or Rogers) are accounting for an additional $1.5 billion (rounded off) in annual revenue (highly unlikely) then like I said the bulk of the NHL's money comes from sources other than TV contracts.
Patrick Sharp ($5.900m) / Jonathan Toews ($6.300m) / Patrick Kane ($6.300m)
Brandon Saad ($0.764m) / Teuvo Teravainen ($0.925m) / Marian Hossa ($5.275m)
Jeremy Morin ($0.761m) / Andrew Shaw ($2.000m) / Kris Versteeg ($2.200m)
Brandon Bollig ($1.250m) / Marcus Kruger ($1.325m) / Ben Smith ($1.250m)
Brandon Mashinter ($0.563m) / Peter Regin ($0.750m) /
Brent Seabrook ($5.800m) / Duncan Keith ($5.538m)
Niklas Hjalmarsson ($4.100m) / Johnny Oduya ($3.375m)
Nick Leddy ($2.700m) / Michal Rozsival ($2.200m) David Rundblad ($0.785m)
Corey Crawford ($6.000m)
Antti Raanta ($0.925m)
Steve Montador ($0.000m)
Rostislav Olesz ($0.000m)
TRADES/WAIVERS Bryan Bickell
CAPGEEK.COM TOTALS (follow @capgeek on Twitter)
(estimations for 2014-15)
SALARY CAP: $68,000,000; CAP PAYROLL: $66,986,378; BONUSES: $630,000
CAP SPACE (23-man roster): $1,013,622