Anyone else tired of the signing bonus nonsense?
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It is a subset of sorts, the reporter who posted is, said TSN noted the revenue last year was 25M, unless he misunderstood. The output for AHO would be 21M in 366 days, so that is significant. But I should have researched it a bit before posting.
According to the Forbes list below, they lose money every year. For 2018 the operating income was -3.9 M . And as the article states, without a basketball team to help anchor the cost of the arena, it's an uphill battle. THey are skating on thin ice.
Carolina Hurricanes on the Forbes The Business of Hockey List
Worth noting that Karmanos bought the team in 1994 for $47.5m, sold majority of interest to Dundon for $420M in 2018. You can have a negative operating income every year and still be a worthwhile investment. If you don't have the cashflow to support in, you could have issues, but you'd need a lot more information to figure that out.
That link also says ticket revenue for 2017-2018 was $27m, so the $25m for last year is likely also just the ticket revenue and doesn't include the TV contract, advertising, profit sharing, etc which all combined was $109m for 2017-2018.
I also wonder how much is creative accounting, like AEG complaining they're losing money on the team while controlling all the parking around the arena, all the concessions, etc.
Like sure you're losing .5 million on payroll and gaining eleventy billion dollars on one ****ing parking lot
What parking? Seems like all the lots are disappearing.It’s all creative accounting. I bet they’re taking a loss on the parking lot somehow too.
If they want to end the nonessential contracts; make each player’s cap hit whatever the get paid for the year and no signing bonus silliness. No income averaging.Hopefully there is some sort of cap on in the next CBA. It is getting ridiculous.
Dubas done good. Not sure why Sakic felt the need to retain 50% of Barrie's salary.
Also Kerfoot is sneaky good.
I guess Kadri fills a need but Sakic got woodshed'd a bit on this one
Yup!With Barrie and Muzzin UFA next year, Toronto is basically all in on this year
Is it just me or has Toronto seemingly gutted its depth?