Beukeboom Fan
Registered User
TDS - no offense - but what do you do for a living? I tend to be balanced in my player/owner "evaluation", and the level of hyperbole in your post is ridiculous. How expensive do you think that the travel, coaching/medical staffs, scouting, and corporate overhead are?This is a laughable notion. The PLAYERS generate billions of dollars annually, they're actually being cheated out of what they deserve by owners (just like any other company). Its the same bullshit argument NCAA used for decades "but they're getting an education!!" While making billions off the kids.
The workers generate 100% of the revenue, the owner steals 30% or more for doing literally nothing. Moreover sports franchises are an appreciating asset, their valuation rises at an extremely high rate, so the owners are essentially double-dipping on their profits. Michael Jordan bought the Bobcats/Hornets majority stake 13 years ago for $275k he sold it for $3BILLION DOLLARS. The greatest player in history made 30 times as much as his playing career by being a part owner of a shitty franchise. Think about that for a minute
NHL players deserve more too they just have a shitty union.
The Bobcats have increased in value (or the Sens for a better NHL example) because of growth in revenues, of which the players get to take immediate advantage of. I would expect that most (aka - 16+) NHL teams don't actually make money annually, and are "ego" plays for the owner. The top teams like the Leafs, Rangers & such obviously make a boatload of money, but I'd bet that most teams are break-even at best. The NBA is a completely different situation because they play a more accessible and "worldwide game" and as a result have significant higher media and overseas revenue rights that the NHL doesn't. The appreciation in the franchise right is "paper gain" until you actually sell the franchise.