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Report- Phoenix Lost Some Revenue Sharing Money
by Paul on 01/12/09 at 03:18 PM ET
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from Scott Burnside of ESPN,
The Phoenix Coyotes were penalized 25 percent of their revenue-sharing money last season, multiple sources told ESPN.com.
That money, due to be $15 million but now less than that, is part of the NHL’s revenue-sharing formula, where big-market clubs share resources with the smaller-market teams.
The formula, however, includes triggers that these clubs must hit in order to show improvement in a number of areas; since the Coyotes failed to hit revenue and attendance standards last season, they were penalized, according to sources.
Filed in: NHL Teams, Phoenix Coyotes | KK Hockey | Permalink
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Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
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