I am really starting to believe another team in Ontario will bankrust at least three NHL teams…hear me out.
Having followed Mr. Suck (aka: Gary Bettman) for a number of years, I feel like I can understand how is ‘crazy little mind’ works. And trust me… it is scary. Here we go…
In the new revenue-sharing NHL, the salary cap is based on the total revenue from all teams in the league. And the salary cap has been increasing quickly (It increased in 2007 and 2008) So, the Phoenix Coyotes, with their TERRIBLE revenue are ‘artifically’ lowering the salary cap . By keeping the salary cap down, the minimum salary cap (MSC) (the 2008-2009 minimum team salary was $40.7M) stays low and and prevents more teams from going bankrupt.
If you replace the money losing Coyotes with a money making Ontario team the minimum cap will keep growing. Their are at least three teams in the NHL losing lots of money…they can not handle an increase in the minimum salary cap during a US recession.
Here are the three teams I think will go bankrupt. Their attendances are in the bottom five of the league. And their salaries are within 12.5% of the minimum…it would probably be hard to be much lower than this. Big thanks to Cap Central
| Team Name | 2009 Salary | Attendance | Attendance Percentage |
|---|---|---|---|
| Atlanta Thrashers | 44,123,984 | 14,626 | 78.9 |
| New York Islanders | 45,067,452 | 13,773 | 84.5 |
| Nashville Predators | 45,264,368 | 15,010 | 87.7 |
| Phoenix Coyotes | 45,585,395 | 14,875 | 85.0 |
With the average ticket price in 2008-2009 season at $49.66 lets look at the teams reveune; most NHL revenue comes from the take from tickets.
| Team | Ticket Revenue | Formula |
|---|---|---|
| NYI | $28,042,853 | ($49.66 * 564,697 total attendance) |
| Atlanta | $29,779,761 | ($49.66 * 599,673 total attendance) |
| Nashville | $30,562,700 | ($49.66 * 615,439 total attendance) |
These three teams can’t be profitable and the 2009-2010 season will be worse for all teams. Except the Toronto Maple Leafs who are going to increase their 2009 season tickets prices.
There are two scenarios…
If Southern Ontario gets a new francise the minimum salary cap (MSC) will stay at $40M (or maybe even goes up). If there is no drop in the MSC and the three teams see a recession driven drop in attendance…well based on my math…these teams will be going bankrupt!
If the team stays in Phoenix, the MSC will drop. This drop would enable teams to lose less money and maybe hang around for a few more seasons. If NHL teams start going bankrupt, Mr Suck will finally be out of a job.
Maybe Mr Suck hates Canada, he seems to… maybe he hates hockey fans (ticket price have never been higher or maybe the NHL’s new team are pyramid scheme that is about to fall apart. Either way… Mr. Suck has got to go… his house of cards is coming down!
Mr. Suck does everything for power and ego…his ego can’t take another Canadian team nor the bankruptcies that would go with this team.
You need to mention how Versus did not air the Red Wings vs. Ducks, game 5 on Sunday. So if you’re kicking it outside of the Midwest or greater Detroit on Mother’s Day, you would have to go up to a sports bar to watch the game. Which on a Mother’s Day Sunday is going to be a lot less likely. The terrible TV contract Mr. Suck has worked out is also killing the game and making it a 2nd tier sport in the eyes of the consumer. Mr. Suck Face needs to go suck on something else over at ESPN and beg them to buy back the rights……
I can’t even read this. You spelled “bankrupt” as “bankrust”. This website is unprofessional and you can’t spell for sh!t. Gary is rich and in power, so enjoy your fruity little blog (which obviously doesn’t have spell check). Try getting to be the guy in power and the one faced with decisions and then we’ll see how well you do. I’ll be sure to make a blog about why you’re such a fvck up. Enjoy, bitch!
If your on facebook, I’d like to post some of your facts on the group I have going.
Gary Bettman must go!
Also if your on there please check it out, refer to your friends, join up, and sign the petition I have started to get him removed from office. The more people I reach out too the better.
Thanks
Us Canadian fans are boned. Bettman wants to keep us at six teams, because he knows we’re a lock as fans and there are only so many of us to go around. He also doesn’t want the profit of the league being tied to the Canadian dollar.
Damn I hate that man.
Well Johnny b good isn,t very good is he??? The fact remains that there are a few teams that can,t make it unless the league supports them. So all of the Canadian fans should just pay more for their season tickets and help out the losers right. All while some of the US based teams are handing out free food and other trinkets to attract fans . You also had a team buying up it OWN tickets to get money from the league for equilization fee’s??? If any corporation was run like this heads would roll . If you didn’t have the money to go out for dinner should your neighbor pay for it ???
damn, Mr.suck is one of those americans who cant understand we dont care about some money crap, or attendance. WE LOVE THE FKING GAME!!!!!!!!
Hello everyone,