One of the quirks of the draft arena management deal (the City of Glendale, where the Coyotes play, will be paying the Jamison group $320 million over 20 years to run the rink), requires the new team owner to change the franchise’s name, so long as said move is “commercially reasonable”:
One of the few positive sides to the lockout is that no one is getting concussed in the NHL right now, unless the discussions in the negotiating room are getting a bit more heated than we are hearing from the media. Over the last two seasons, the hockey world has been overly obsessed with the concussion and recovery of Sidney Crosby. Thanks to the lockout, the hockey world is obsessed with wondering when Crosby will head overseas to play in Europe and where he’ll play when he gets there. Clearly, a vast improvement.
The problem of concussions in hockey hasn’t gone away, however. With that in mind, I was intrigued to see a product aimed at diagnosing concussions on last night’s episode of Dragon’s Den. The Shockbox netted a $350,000 investment from Jim Treliving for 10% of the company.
“A lot” is subjective, I suppose, but compared to other sports, hockey’s top stars are hardly raking in the dough outside the value of their contracts.
Forbes released their list of hockey’s top earners (endorsements in), which included most of the names you’d expect…save for the inclusion of Scott Gomez. That just doesn’t seem right.
Crosby and Ovechkin topped the list. In general, I was floored guys didn’t earn more – it just falls off after the top few names. Evgeni Malkin, league-leading scorer and Hart Trophy winner makes $400k? I thought his gear deal alone would be more than that. I guess it is a niche game after all.
Forbes listed 15 players as top earners – here they are, ranked by how much they made in endorsement money last year:
1. Sidney Crosby $4 M (Gatorade, Reebok, Bell Canada, Tim Hortons and others.) 2. Alex Ovechkin $2.5M (Nike, Gatorade, Bauer…demand will increase before 2014 Winter Olympics in Russia.) 3. Jonathan Toews $1.2 M 4. Jarome Iginla $750k (As evidenced by this and Toews earnings “bring-home-to-your-mom-able-ness is worth a lot of money in hockey.) 5. Steven Stamkos $800k 6. Evgeni Malkin $400k 7. Eric Staal $250k 8. Zach Parise $200k 9. Rick Nash $150k 10. Vincent Lecavalier $150k 11. Marian Gaborik $150k 12. Shea Weber $100k 13. Scott Gomez $100k 14. Dany Heatley $75k 15. Ryan Suter $50k
Team value: $1,000 million Owners: Rogers Communications, Bell Canada Revenue 2011-12: $200 million Operating income 2011-12: $81.9 million
Yup. A thousand million dollars.
The Rangers came in second, with an estimated franchise worth of $750 million, and the Canadiens came in third, at $575 million.
A really cool fact: the top 6 teams – The Leafs, Rangers, Canadiens, Blackhawks, Bruins and Red Wings – are the exact composition of the Original Six (that’s in order, by the way). Read the rest of this entry »
Earlier today Greg Wyshynski of Puck Daddy wrote a post on an interesting part of the proposed CBA, which would allow teams to trade their unused cap space (up to four million dollars worth, anyway) to teams in need of it. (The info was first reported by Larry Brooks and John Shannon.)
As Greg noted, the concept is actually rather appealing if teams get back picks or prospects in return. A salary floor team could trade some of it’s cap space they aren’t using anyway, and improve their team in the long run. As an Isles fan, I’d say “Yes please” to that. Read the rest of this entry »