It truly would be interesting to see the NHL with no salary cap, to see how many young players continue signing small contracts in order to get to UFA status rather than locking up long-term with the team that drafted them. It makes for an interesting dynamic in the summer, and I'd argue no teams are at a disadvantage because owners these days aren't like owners of the 80's/90's/early 2000's, save for Ottawa because Eugene Melnyk is a cheap ****. I don't think a team like Nashville would be burdened financially the way they used to be and could go out and sign a big name guy to a hefty contract, same goes for Columbus
Owners do have more money, but the issue isn't the amount of money, it's the disparity of money between teams.
Values of teams based off of Forbes:
1. Toronto $1,300,000,000
6. Boston 750,000,000 (half of Toronto)
17. Minnesota 370,000,000 (just under half of Boston's total; a quarter of Toronto's)
There's a huge disparity already between the first and sixth spots.
More importantly, the top 3 each have at least 600 mil more than the bottom 15. Ottawa (16) has 400 mil.
Nashville is 24th with revenues of 1.7 mil, Columbus is 29th with revenues of -6.3