yes, but I a looking at it from the view point of the near 2/3's of all teams in the league. If we assume from about team 15 downwards (financially) you loose anything from a few pennies to major dollars. All the while, there are fans and a full schedule. What must that number be at 48 games and no fans? I know information is unreliable, but we see loss numbers being bandied about of 10-20 million a year..what would 2020/2021 be 30-50 million if you had to honor the face value of a contract, with no deferral/limited escrow/no adjustment for 48 or less games? Can that 30-50 million really be recouped? In fact, if you consider fixed costs (staff, facilities, etc.) regardless of the 82 or less game schedule, you are shelling that dollar out at very close to 100%...or at best 75%. So a team at 130-140 million in net expenses, probably is shelling out 50-70 million in non player salary costs...That 50-70 million will most likely be no less than 35-55 million. How do you add 60-80 million in player salaries?
The Sens would have to shell out ~95 million if we assume them at the low end of all numbers...now what is their revenue? My quick math tells me...45-50 million. To lose 45-50 million..heck at 3%-4% cost of borrowing, you may be at 2-2.5 million in interest alone.
Will most owners still be around in 10 years to recoup?
Again, basic math, nothing really in-depth, but at any salary total of more than about 30-35 million for the Sens is near suicide. And even the 30 is probably high. I can see 25-28 as more realistic. It would probably limit the loses to ~ 5-10 million. It sort of explains the 48 game proportion and the 20% escrow. That number puts you at 28 million.