By this logic, Leafs benefit most by a highly profitable 2nd Toronto team.The more teams and markets the league has, the more benefit everybody gets. A large open market like Hamilton would benefit the Leafs more than hurt them.
Why would they be willing to give up ground in their own home market for Toronto 2, but not willing to let a team in Hamilton come in? Toronto2 cannibalizes the Leafs' market, Hamilton does not.
The Leafs get nationally broadcast all the goddamn time, they're not exactly a team that relies on local TV to get by. They'd have no real reason to be upset at giving up an overall small portion of their territory...which is basically most of Ontario.
You obviously don't understand the NHL economics. The entire reason Bell and Rogers bought the Leafs was so they didn't go crazy bidding against each other. So, what do you think Hamilton gets for exclusive TV? Just Hamilton? You really think Leafs are going to give up Halton region as their local region? Plus, the two companies who own the Leafs, are the exact people you need to be a viable franchise to get a TV deal from. Plus, each Canadian team has their national TV deal money reduced.