Why not indulge in the business aspect of the NHL? There is more to it then guys getting on the ice and making beautiful passes in the blue lines, goalies making saves on their backs and top A-listers making those wrister shots catching the back of the net. And well, Forbes’ just released a list of the franchised values in the NHL and I broke out not one but two calculators to help bring to life these 10 observations!
In the business of the NHL the team values hit an all-time high this year but do not let this fool you because player costs are climbing and essentially eroding the sport’s profitability. The average hockey team is now worth $240 million, 5% more than last year due to a 5% increase in revenue during the 2010-11 season, to an average of $103 million per team. The sport’s popularity ontelevision (NBC’s broadcast of theBridgestone NHL Winter Classic was the most-viewed NHL regular season game in 36 years, with an average of 4.5 million watching during prime time) and online (average monthly unique visitors to NHL.com plus all 30 NHL team Web sites has increased to a record 22 million) is up, as is the revenue from those platforms.
Top 10 Observations:
1. The Capitals have nearly doubled their value since 2004, from $115 million to roughly $225 million. And this can be linked to SportsRantz “Public Enemy #2”, Alexander Ovechkin and he’s already made Ted Leonsis a pile of money on paper. No way Washington is worth as much without Ovi.
2. There are four teams carrying the most debt on their backs in the NHL. Those teams are: New Jersey (144%), Dallas (126%), St. Louis (81%) and Carolina (77%). But we can pretty much cross the Stars off this list now because they have a new owner now. But there’s a reason the Devils have reportedly been flirting with bankruptcy, the Blues are for sale, and the Hurricanes were forced to bring in a bunch of new investors. It’s a dangerous time to be highly leveraged.
3. The Leafs’ operating income is estimated at $81.8 million, by far the most in the NHL. And that’s without any postseason revenue. Imagine if they actually make the playoffs this season. Tickets probably won’t be cheap.; but for the first time in a few years the Leafs’ fans would be happy.
4. The Winnipeg Jets Jets are valued at $164 million. They were sold this summer for $110 million, plus a $60 million relocation fee paid to the NHL for the privilege of moving out of Atlanta. Now consider the NHL bought the Phoenix Coyotes for $140 million two years ago. Given the City of Glendale is covering annual losses up to $25 million, could the league end up making a profit on its purchase if the franchise relocates at the end of the season?
5. The Flyers’ revenue fell by $10 million. Presumably the difference between making the Stanley Cup final in 2010 and losing in the second round last season. And this team is looking at making another late run in the playoffs this year which will boost this -4%.
6. Despite the economy, only seven teams are worth less today than they were last year. For those wondering why Gary Bettman makes a lot of money, there you go.
7. Over half the Islanders’ franchise value is attributed to its market, which Forbes says is worth $78 million. Nashville’s market, in contrast, is valued at just $52 million. Translation: the NHL will do everything it can to facilitate the building of a new arena that will keep the Isles where they are. You don’t walk away from affluent, densely-populated markets like Long Island without a fight…Shocked?
8. Why not? The Rangers’ franchise value rose by $46 million over last year. The prospect of a renovated Madison Square Garden with all the additional revenue sources that come with modern arenas was a big reason why. They’re not sinking $850 million into MSG because it was looking a little drab.
9. The Detroit Red Wings are worth $336 million. Mike Ilitch bought them in 1982 for $8 million. Nice little investment and it doesn’t hurt to add up all those Stanley Cup Championships either. I’d say that was money well spent.
10. The Toronto hockey market is estimated to be worth $254 million. Thus, the talk of adding a second team. Also, the reason the Leafs are so protective of their territory. The monopoly they enjoy comprises a huge chunk of their franchise value. Obviously they’ll want to be compensated if another team moves in.
Well, I hope these facts blew your mind like they blew up my first calculator into this research. The Business of Hockey is booming just as the play on the ice is and everyone can be happy with that!
The New World of Sports Betting in the United States
Earlier this year a monumental breakthrough was achieved when the United States Supreme Court ruled against the Professional and Amateur Sports Protection Act, known as PASPA, allowing each state in the nation to decide if it wants to allows legal sports betting or not.
That led the nation, and all of the states, on a new path, with a lot of lucrative opportunities in an industry that has operated underground for decades.
With casinos and eSports thriving, sports betting adds a brand new element to the gambling industry and presents one of the richest outlets for businesses, the government, and the nation.
There will likely be a boost in employment rates, a growth spike in business, and an influx of money that no longer has to be hidden from the eyes of the government.
As of now, a number of states have already started their journey, and another, Utah, has decided not to act on the United States Supreme Court’s ruling in favor of sports betting, opting to maintain their stance on forbidding sports betting, at least for the time being.
As the world of sports, eSports, and gambling embark on this industry shifting journey, let’s take a deeper look at what has been going down so far, and what is in store for the sports betting industry, thanks to an info graphic from NJGames.org.
The info graphic will take a look into the impact that sports betting legalization is expected to make on the nation’s economy.
The info graphic takes into account that the United States’ gambling industry already generates around $28 billion. The legalization of ports betting legalization is expected to increase tat number dramatically.
Additionally, sports betting operations will also result in a higher number of jobs, and the info graphic will provide you with an estimated number of both direct and indirect jobs that will open with the introduction of sports betting.
As the fantasy football season is ready to kick off for many of you, we should start seeing a lot of changes to the sports betting landscape and it will be interesting to see just how companies in fantasy sports navigate through the implementation of these changes.
The future of the sports betting industry seems bright, and there seems to be quite the trickle down effect that will have an immediate benefit to numerous industries.
Whether you’re ready or not, legalized sports betting is on the way, if it hasn’t arrived in your state already, and big things are on the horizon.
Capitals owner Ted Leonsis Pays for 200 Employees to go to Stanley Cup Final Games
Washington Capitals owner Ted Leonsis is celebrating the team’s first trip to the Stanley Cup Final for the 1st time in 20 years in a special way.
According to the Washington Post, Leonsis surprised 200 employees of Monumental Sports & Entertainment with tickets and a chartered flight to Vegas for the first leg of the Stanley Cup Final.
The employees were chosen based off how closely they work with the Capitals, as well as seniority, and they received an email last week from a senior VP that had the subject line: “Let’s go to Vegas.”
The selected employees received tickets to Games 1 & 2.
“It’s truly amazing and out of this world,” Omar Castro, a guest relations manager, said.
“I never expected an owner of the company to do this. We get to share in this with them. … He’s thinking of us as part of a family, as part of the experience. There’s no reason for him to do it. All I can say is a big thanks to Ted and his family for the opportunity, and for truly making this into something memorable for all of us here in the company.”
Not only did Leonsis provide tickets, but he also organized two chartered flights and is putting the employees up at the Excalibur.
How Will the Dallas Cowboys do in 2018?
How will the Dallas Cowboys do in 2018? That is tough to answer. Last season, it was a turbulent season for the Dallas Cowboys. In 2017, the Cowboys finished with a record of 9-7 which placed them second in the nFC East. However they did not make the playoffs. RB Ezekiel Elliott missed five games due to his domestic violence suspension. When he returned, he was a very productive member of the team.
Entering the 2018 NFL season, the Dallas Cowboys are looking to return to the playoffs and ultimately looking to go to the Super Bowl. To start the 2018 campaign, the Dallas Cowboys had to go through Free Agency. During the Free agency period, the Cowboys signed six players which include Joe Thomas of the Green Bay Packers and Allen Herns of the Jacksonville Jaguars. OG/C Joe Looney re-signed a 2-year contract with the Cowboys while LS L. P. Ladouceur resigned with Dallas for a 1-year deal.
For the players that have departed, a total of 15 players have left the Cowboys. Since their departure from the Dallas Cowboys, some players have either signed with other teams, looking for work, or retired from the NFL. Here is the breakdown:
QB Kellen Moore, TE James Hannah, and Jason Witten retired from the National Football League. WR Bryce Butler, OT Benson Mayowa, and CB Bene Benwikere all signed with the Arizona Cardinals. FB Keith Smith, OLB/MLB Kyle Wilber and WR Ryan Switzer all signed with the Oakland Raiders. OG Johnathan Cooper signed with the San Francisco 49ers, OLB/MLB Anthony Hitchens signed with the Kansas City Chiefs, and CB Orlando Scandrick signed with the division rival Washington Redskins. As for players looking for work, that honor goes to RB Alfred Morris and WR Dez Bryant.
Once Free Agency had finally concluded, it was time for the 2018 National Football League Draft. This years Draft will be held at AT&T Stadium in Arlington, Texas. It is the first draft to be done in a NFL stadium. For the Dallas Cowboys draft board, the Cowboys will have eight picks this year. During the draft, 6 out of eight players were offensive players. Also during the draft, the Cowboys traded their pick to the Los Angeles Rams for WR Travon Austin.
With the players the Dallas Cowboys wanted to draft now on the Dallas Cowboys roster, it’s time to take a look at the 2018 Dallas Cowboys regular season schedule. This season, the Cowboys will start the 2018 season on the road against the Carolina Panthers on September 9. The Cowboys first division test comes in the second week when the New York Giants come to AT&T Stadium. The Cowboys bye week comes during week eight. After the thanksgiving game against the Washington Redskins, the Cowboys will have another Thursday Night Football game. This time it’s at home against the New Orleans Saints. The Dallas Cowboy regular season finale will be on November 30, 2018 at MetLife Stadium against the New York Giants.
So after breaking down the 2018 offseason and upcoming schedule, I believe it will be a tough season but I believe that the Cowboys will do better in 2018.
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