Okay. Follow that path here. How exactly are the OTHER NHL owners losing money?
The CBA is such that the top 10 in revenue give revenue to the teams that finished below the average revenue. So when the Coyotes finish 32nd in revenue, they get money to bump them up.
Using Forbes numbers, which are flawed as they probably already include the revenue sharing;
If the Coyotes move and become the richest team in the league with $300m in revenue, the league average goes up, and the bottom 20 teams are further behind league average.
Coyotes DMFL in revenue, the top are $520m over the average, and bottom 19 are $513m below
Coyotes first in revenue, the top are $540m over the average, but the bottom 20 are $600m below.
The only teams who are "losing money" by the Coyotes situation are the Coyotes and the team that's 10th now and paying RS, who'd be 11th and no paying RS if Coyotes were Top 10.
Of course, the Coyotes are never going to be Top 10. The Panthers have never been Top 10, and that's probably the best comparison for those two markets. If the Coyotes made $48m million more in revenue, right around the Panthers, then the league average only goes up $2m, and the bottom 20 teams all fall behind by another $1m.
The CBA is such that every franchise actually becomes healthier if you contracted the richest teams, not the poorest. We want the Coyotes to make more money because growing revenues is basically good. But the only one "Losing money" on the situation are the Coyotes.