nikeisevil said:
TV Revenue is better in Vancouver than most small markets. Also, there are 3 Million people in the Vancouver area and a lot of them are hockey-mad Canadians or foreigner's who have adopted the sport. The team also has a couple of superstars and has been a contender the last couple of years due to spending more to keep their group together. I don't think they'd have that option in a smaller market.
Vancouver was losing lots of money when they were losing badly. The Messier years are a good example of that.
All revenues are fabulous in Vancouver now. Player costs have risen with the value of the team. Vancouver was losing money when they were losing badly. They had the 4th highest payroll in the NHL and they were selling less than 13,000 tickets a night.
I was told then - as a fan - that Vancouver was a small market Canadian team that was doomed by this collective bargaining agreement. The team had dumped Linden, Lumme, Bure and Mogilny. Cutting payroll worked. The fans did not come back - revenue still sucked - but the team was close to breaking even because the payroll was so small.
The fans started to come back when they realized the Canucks had a good young team with some great young players. The team was never - I was told - going to be able to keep all their young players. I had many arguments with fellow fans about this. "Nonsense," I said. "Look at the revenues climb. If the Canucks keep winning they will be able to afford to keep all their players." No, no, other Canuck fans told me. We need a new CBA or Vancouver can't compete. We are better than Edmonton, but not by much.
Suddenly, Vancouver is not a small market any more. Give this CBA a couple of more years and the Canucks would be one of those big revenue teams ruining it for everyone else.
DR points out the obvious. If Vancouver can do it, why can't anyone else? If the NHL was holding Vancouver up as a team that was not going to survive three years ago, why are they now one of the most profitable NHL franchises even without playoff revenues and even with a rink arrangement that has Canuck revenues stashed in GM Place? Three years ago, the word was that McCaw was desperate to get out but he couldn't find a chump willing to buy the team. Now he is selling out and quadrupling his original investment.
What is the story? I'd like someone who thinks the future of the NHL is at stake in this dispute to explain how the Canucks could possibly be doomed three or four years ago and be one of the financially flush teams today.
Tom