Paywall.
At least we have a number now.
This is pretty brutal considering HRR that would have been expected for this season absent COVID would be $4.8-5.2B.
This is going to add something like $1.2B to the player escrow balance. Which probably already has $200-500m carrying over from 2019-20.
We could be looking at a flat cap for a half dozen season through 2026-27.
Lost out as in the difference what they made up to the same number of games last year before the Covid shutdown?
Which isn’t a shocker. Down $3.6 bill over 31 teams is around $117 mill per team.
And, many of us have been wondering about that all year, for exactly the reasons stated. Most of NHL revenue is connected to fans in the building. Media contract was close to 1B (245 for the particular year from NBC, 533 from Canada, and then however much is made locally). Almost everything else would have been lost.
Neither? It's missed out on revenue. They didn't technically "lose" money, they never had it.Is the $3.6 billion lost revenue or operating loss? There's a big difference
I'm sure the NHL is making this $3.6 billion "loss" as large as they can.Neither? It's missed out on revenue. They didn't technically "lose" money, they never had it.
This has been a discussion I've had on a couple other boards, relating to White Sox owner Jerry Reinsdorf's claim that the team "lost" 9 figures. No, they didn't, they failed to earn the 9 figures they were projecting but they didn't actually "lose" it.
Other question - is this factoring in the additional revenue streams they tapped this year (increased ads, etc.)? Probably not going to make a huge dent, but should at least shave the decimal number a bit.
Also if it's lost revenue it's probably somewhat mitigated by relatively fewer expenditures.
I'm sure the NHL is making this $3.6 billion "loss" as large as they can.
It is likely comparing it to the 18-19 season, the last time there was a full 82 game season played rather than "missed out revenue over 56 games".
Is the $3.6 billion lost revenue or operating loss? There's a big difference
I wonder how much expenses for each team were reduced? With arena operations, teams would not need ushers, food and concessionaires, security, other employees (ticket scanners, people working merch stands/stores).