30M before the trades they made. Won't be as bad now.
Gretz has a tough job infront of him though. I would hate to be the person in charge of building that team up. They look pretty much screwed for years to come.
Before all you whiny elitists up in Canada start salivating and calling for the team to be moved or any other such nonsense, the "report" was already denied by the Coyotes front office. John Gambodoro is known in the Phoenix area as being by far the worst sports writer in the city and constantly has his facts completely wrong.
i'm not pro-coyotes or anti-coyotes - but i see no way possible for any team to lose that much money in this system. losing $30 million when your payroll is $40 million?
that's essentially saying the yotes only made $10million in revenue all season....complete bullsnot. obviously, there are other expenses, but not nearly enough to add up to $30million losses. either the writer or team source is full of it IMO.
But posting this thread isn't, I suppose?First off, no one's even said anything about moving them to Canada in this thread and already you're insulting an entire nation.
If that's not flame war bait, I don't know what is.
I highly doubt that these claims are true. There's a salary cap now, and that makes all 30 teams financially healthy.
Before all you whiny elitists up in Canada start salivating and calling for the team to be moved or any other such nonsense, the "report" was already denied by the Coyotes front office. John Gambodoro is known in the Phoenix area as being by far the worst sports writer in the city and constantly has his facts completely wrong.
I highly doubt that these claims are true. There's a salary cap now, and that makes all 30 teams financially healthy.
Hey look. They are ignoring us. Wonder why?
Um...no, a salary cap makes all teams equal competitive wise.
So teams have a chance at keeping most players, instead of losing them to richer teams willing to pay Pejorative Slured salarys.
Revenue sharing helps teams that didn't make money, cover they're losses.
I understand that they only stand to lose $29 millionBefore all you whiny elitists up in Canada start salivating and calling for the team to be moved or any other such nonsense, the "report" was already denied by the Coyotes front office. John Gambodoro is known in the Phoenix area as being by far the worst sports writer in the city and constantly has his facts completely wrong.
it's not hard to believe the coyotes will lose that much.
13,000 paid x $ 42/avg x 41 games = $ 22.4 million.
presuming gate revenues account for 50% of total revenues: total revenues = $ 44.8 million.
looking at the expense side; player payroll projects to be around $ 43 million. presuming player costs are 60% of the Coyotes total expenses then total expenses come in around 71.6 million.
71.6 - 44.8 = a loss of $ 26.8 million.
take off $ 10 million for revenue sharing, and it's only a loss of around $ 17 million. perhaps this is why some are posting the coyotes deny the $ 30 million loss, as it will be $ 10 million less due to revenue sharing.
Yeah, about that...did you pay the slightest bit of attention to Edmonton in the last week?
what - are the coyotes spending double the amount on airfair? are they giving away their concessions?
florida has a ton of corporate support which may sway the numbers in their favor some , but i doubt phoenix is so bad off to a point where the difference is $30 million (and thats assuming phoenix does not, which i have no idea whether they do or don't).