Menu
Leagues and Governing Bodies

IS NHL MAKING SOME HEADWAY IN SECURING $$ RELIEF FOR TEAMS?

          The Ontario government is "willing to allow property-
     tax relief" for its two NHL teams, according to Gray & May
     of the OTTAWA CITIZEN, who wrote that it's a "move that
     throws the fate of professional hockey in Canada squarely
     into the lap" of the Canadian government.  Gray & May added
     that Ontario is "considered a pivotal player in any deal" to
     aid Canada's six NHL teams and its decision "paves the way
     for other provinces to come to the table, putting pressure
     on the federal government to come up with its offer." 
     Senators Chair Rod Bryden: "I see this as a major
     breakthrough that should unlock the logjam and let this
     issue get resolved once and for all."  Ontario Finance
     Minister Ernie Eves wrote in a letter the province is
     "opposed to any lottery proposal that would compete with and
     undermine provincial lotteries," but it is "willing to
     consider possible property-tax relief" for sports arenas as
     long as it has "the support and participation of the
     municipalities themselves."  But Eves warned, "If the NHL is
     not part of the solution, regardless of what governments do,
     Canadian franchises will be in the same position a few years
     from now" (OTTAWA CITIZEN, 9/18). In Toronto, Campbell &
     Walker reported that the NHL is "willing to form
     partnerships with provincial lottery corporations" in order
     to keep its six teams in Canada.  The NHL has offered the
     lotteries the right to use team logos to help increase the
     estimated C$171M Canadians "bet legally" on NHL games each
     year.  Campbell & Walker added that "in return," the teams
     would receive C$34M per year, plus half of the additional
     revenue generated "due to the league's involvement."  The
     NHL also said that it's "willing to dedicate a portion of
     its share back into amateur hockey" (TORONTO STAR, 9/18). 
          NO DEAL? In Toronto, Damien Cox, on the NHL's offer for
     financial aid: "It doesn't mention that Canadian teams will
     suffer anyway in the absence of NHL efforts to control
     ridiculously skyrocketing salary costs" (TOR. STAR, 9/18).
          DOLLAR FIGURES: In Philadelphia, Tim Panaccio reported
     that according to an internal NHL document that lists every
     team's revenues from gate receipts after taxes, the Senators
     were 17th in the league "at just over" $22M.  Meanwhile, the
     Flyers were third at just over $35M.  Flyers Chair Ed
     Snider: "The problem in hockey is pretty much evident right
     now.  Clubs are losing money.  Clubs like St. Louis
     practically gave their team away to the Lauries for nothing. 
     They got the team for free by buying the building.  These
     are big companies, and they are losing money" (PHILADELPHIA
     INQUIRER, 9/19).  Senators Chair Bryden, on reopening the
     CBA which expires in 2004: "It is my understanding that the
     league's official position is that it would prefer to open
     the agreement early.  But it is certainly the position that
     -- we have an agreement, we'll live by it" (CP, 9/18).
          RETURN TO OLYMPICS? USA TODAY's Kevin Allen reports
     that the NHL and the NHLPA are expected to reach an
     agreement to "send NHL players to compete" in the 2002
     Olympics.  Allen adds that the agreement is "expected to
     include a provision for a World Cup tournament in 2004, an
     important issue for the players" (USA TODAY, 9/21).  

SBJ Morning Buzzcast: April 25, 2024

Motor City's big weekend; Kevin Warren's big bet; Bill Belichick's big makeover and the WNBA's big week continues

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1999/09/21/Leagues-Governing-Bodies/IS-NHL-MAKING-SOME-HEADWAY-IN-SECURING-$$-RELIEF-FOR-TEAMS.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1999/09/21/Leagues-Governing-Bodies/IS-NHL-MAKING-SOME-HEADWAY-IN-SECURING-$$-RELIEF-FOR-TEAMS.aspx

CLOSE