As we sit poised to enter the third month of he NHL lockout, the business of hockey is stalled and the two sides (the League and the Players Association) are still looking at how to divide up hockey fans money to the tune of an estimated $3 billion US. Looked at another way if we take last season’s revenue of $3.303 billion factor in a growth of 5 per cent means the total projected Hockey Related Revenue for a full 2012-13 season that the players and League are fighting over would be $3.468 billion.
Since the last lockout, the value of the average NHL team has increased from $159 million in 2003, to $240 million in 2011, at the same time while the average salary for a hockey player has increased from $1.6 million to $2.4 million. The business of hockey is pretty good. The game of professional NHL hockey not so much. We do expect a different reaction from hockey fans the longer the lockout goes on. So the business of hockey is pretty good if you are an owner, not so much if you are a player or a hockey fan at this stage. Here a review of the NHL team valuations. (Previous post)
NHL Team Worth 2012
Let’s take a look at the worth of each of the 30 NHL teams. Two things are for sure:
- original six teams continue to increase their value substantially
- sunbelt teams not so much
|Rank||Team||Current Value ($mil)||1-Yr Value Change (%)||Revenue ($mil)||Operating Income ($mil)|
|1||Toronto Maple Leafs||521||3||193||81.8|
|2||New York Rangers||507||10||169||41.4|
|4||Detroit Red Wings||336||7||127||16.3|
|10||Los Angeles Kings||232||8||101||-2|
|16||San Jose Sharks||211||9||96||-7.8|
|20||New Jersey Devils||181||-17||100||-6.1|
|21||Tampa Bay Lightning||174||20||87||-8.5|
|27||St Louis Blues||157||-5||78||-2.7|
|28||Columbus Blue Jackets||152||-1||80||-13.7|
|29||New York Islanders||149||-1||63||-8.1|
The fact is with an NHL lockout no one wins. Not sure if Gary Bettman and Donald Fehr actually realize that yet.
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