Cubs' Average Price For Season Tickets Will Rise Red Sox Look To Avoid Luxury Tax Sources: LeBron Not Staying At Trump Hotel In N.Y. NHL Stands By Concussion Protocol Clippers Holding Camp In Hawaii A's Reinvesting All Revenues Into Coliseum, Club Twins Owner Says Club Is Not For Sale Royals Will Not Exceed Current Payroll NHL Has Issue Shipping New Leafs Jerseys To Canada Sources: Penguins Getting $25M Investor
SBD/September 19, 2012/Franchises
NHL Lockout, Day 4: Panthers Become Second Team To Publicly Announce Layoffs
Published September 19, 2012
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CAPITAL INVESTMENTS: A spokesperson for Capitals Owner Monumental Sports & Entertainment said that the team "won't be laying off employees or making staff members take pay cuts during the lockout." In DC, Stephen Whyno noted the staff directory on the team's website shows that the team "employs 124 people, though that includes television and radio rights-holders" (WASHINGTONTIMES.com, 9/18). Meanwhile, the Capitals in a letter to fans regarding the team's policy for season-ticket holders wrote, "We will not charge your account for any NHL game, preseason or regular season, that is not played. In appreciation of your continued support and loyalty we would like to provide you with a 1% APR interest on the funds you have on account related to games that are not played" (WASHINGTONTIMES.com, 9/18).
WE TAKE CARE OF OUR OWN: A Blackhawks spokesperson said the team will not make any personnel changes "for the foreseeable future" (CHICAGOTRIBUNE.com, 9/18). A source said that the Stars organization "has not had any layoffs, that everyone has been told to continue to do their jobs, and that ... everything is status quo" (STAR-TELEGRAM.com, 9/18).
HANGOVER CURE: The GLOBE & MAIL's Eric Duhatschek writes in a "weird way, the lockout could be a blessing in disguise" for the NHL Kings. Despite coming off their Stanley Cup win, the Kings were "never going to displace the NBA’s Lakers in terms of popularity," and when the Lakers acquired G Steve Nash and C Dwight Howard, it "cemented the Lakers as the No. 1 attraction in the market, with everybody else playing catch-up." On the "plus side, what the lockout may permit the Kings to do is mitigate the effects of the Stanley Cup hangover." Teams that won one year "had a difficult time ramping it up for their title defences, largely because of the short summers, the wear and tear on players’ bodies, and sometimes, the length and breadth of their actual celebrations" (GLOBE & MAIL, 9/19).