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Lockout Achieved A Rational Relationship
by Paul on 07/16/08 at 05:16 PM ET
Comments (7)
from TSN,
(Bill) Daly told the Team 1040 in Vancouver that losing the entire 2004-05 season was worth it - financially.
“It achieved, for us, a rational relationship in the amount of dollars we pay out on a yearly basis to players and the amount of revenues we take in as a league.” Daly told the Team 1040. “That was the goal from the start, and now we have an enforceable relationship between our salaries and our revenues at this point, and that’s what we were trying to achieve.”
Filed in: NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
Tags: Bill+Daly,
Comments
Boy, I can’t wait until the next lockout when they really get things fixed!
(and I abandon the NHL to find another form of entertainment that doesn’t take a year off to decide how to split up my dollar)
Posted by Earl Sleek from Los Angeles, CA on 07/16/08 at 06:14 PM ET
I honestly can’t believe people still buy tickets to go to an NHL game.
Buy a nice TV or comp monitor and get an NHL tv package…
... and then spend the other $3000 bucks you’re saving on tickets and periperhal things at the arena on gas or something. 
Posted by HockeyinHD on 07/16/08 at 08:01 PM ET
George,
Can you explicate the relationship between a capped payroll and an increase in franchise equity? I don’t understand the connection.
Posted by PDXWing from Portland, OR on 07/16/08 at 09:21 PM ET
George,
Never mind, I found your blog post on the article.
Posted by PDXWing from Portland, OR on 07/16/08 at 10:00 PM ET
It’s all about capping costs to a fixed percentage of league-wide revenues, i.e. money coming into the league. If what’s perceived as your business’s main cost—in professional sports, that’s player salaries—will take up no more than 57 cents of every dollar you bring in, that makes your sports franchise a very appealing investment, because 43 cents of every dollar that the league your franchise operates in is assumed to be “profit.” It’s before taxes/other expenses/depreciation/debts profit, but profit in financial institutions’ eyes, nonetheless.
Posted by George Malik from South Lyon, MI on 07/16/08 at 10:18 PM ET
What Bill DAly meant to say - “We don’t care how high salaries get because our expenses are fixed and the cost is just passed on to the suckers. ...Did I say that out loud? I meant our loyal fan base.”
Posted by Hockey1919 from Montreal on 07/17/08 at 08:44 AM ET
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That, and the yearly 10-20% gains in franchise equity that theoretically capped expenditures ensure…And installing an NHL-friendly executive director…and forcing a capped system on a PA that didn’t know what it was getting into…
Posted by George Malik from South Lyon, MI on 07/16/08 at 05:31 PM ET