DA_Champion Posted November 20, 2008 Report Share Posted November 20, 2008 http://www.globesports.com/servlet/story/R...ortsHockey/home At least according to that globe and mail article; they see it going to 55 million next year, a small drop because most revenues were already declared before the financial crisis hit and the canadian dollar dropped 20%. The bigger drop will occur the year after that. The NHL executive predicted 55 million next year and 48 million the year after that. One thing that should be kept in mind, aside from the 6 Canadian teams, the Detroit Red Wings will likely see a huge revenue drop if the Automakers file for bankruptcy and all those pensioners and UAW workers can no longer afford such luxuries. I imagine the california and NY teams might also do badly with the collapse of high tech and the financial sector. They say the Canadian teams account for 30% of league revenue, and once you add Detroit you probably end up with ~38-39% of league revenue, which means a huge chunk of the league will take massive fall in revenues, whereas the other 60% are unlikely to even perform on par. I don't think the NHL qualifies for a government bailout ****** As for how this will affect the Habs, I don't think it will be that bad. All of the best teams are very close to this year's salary cap of ~57 million and so they will have a hard time poaching our players in the summer of 2009 when they themselves have to reduce their salaries. And if they poach ours that means we can poach theirs. Actually I think this will be good for the Habs as we don't have any ridiculous long-term contracts... Markov and Hamrlik make 5.75 and 5.5 through 2010-2011, which is the season the executive cited as the 48 million dollar year - other teams are much worse off. Gainey has signed a lot of our young players (Gorges, Kostitsyn, Lapierre, Halak, O'Byrne) to medium-length contracts for low rates; and we have a whole bunch of hardworking talented $850, 000 guys available in Hamilton. Link to comment Share on other sites More sharing options...
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