SENShobo
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More Dark Clouds Over The League
by SENShobo on 10/09/08 at 07:34 AM ET
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From Wayne Scanlan of the Ottawa Citizen,
There is little chance the league can match last season’s revenue, which has implications for some teetering U.S. franchises, salary-cap trends and the roster of your favourite team.
Speaking to reporters last week, Boston Bruins owner Jeremy Jacobs suggested future corporate sponsorship for sports teams would be “under attack” as a result of the economic crisis.
Perhaps not coincidently, the Bruins began the process of trying to rid themselves of former Ottawa Senators winger Peter Schaefer and his $2.3-million U.S. salary on Tuesday, when he was placed on waivers.
Some would call it fear mongering, but as even Stephen Harper has started to suggest that Canada’s economic forecast isn’t as rosy as he used to paint it, you do have to start wondering — and perhaps preparing for — what the future might hold for the NHL.
Filed in: NHL General | SENShobo | Permalink
Comments
He’s not spelling doom for American franchises, he speaks mainly of the belt-tightening that will need to go on around the League. The Bruins quote is from their owner, and he does point to the Sabres looking to meet the ticket sales requirements needed to receive revenue-sharing by lowering their tickets.
He also mentions how carefully the Senators themselves are treading, how an extension for Alfie should be a no-brainer. But unlike when they talked about Crosby’s contract leaving money on the table so a team could be built around him, this time it might be more like leaving money on the table so the team doesn’t have to cut players elsewhere.
Even Ottawa feels the crunch, recently reporting that season ticket sales are down from over 13,000 last season to around 12,000 now, though that is likely more about the turmoil on the ice than in the markets.
Posted by SENShobo from Waterloo, ON on 10/09/08 at 08:19 AM ET
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Wow, yet another Canadian journalist spelling doom for various American franchises. These guys can’t stop, can they? Sure, the league may have some issues. But every other day, I read about how Nasville/Florida/Phoenix/Atlanta need to be contracted. It’s irritating. Hockey is the only sport where people don’t just root for other teams to lose, but for those teams to be contracted. That’s not good for the league.
Posted by Blackaces on 10/09/08 at 08:08 AM ET