Spending will set you free!
It can only go up forever!!
UNLIMITED and EXPONENTIAL growth!!!
You would be crazy stupid not to buy buy buy!!!!!
Hope really does spring eternal doesn't it. Pro sports aren't recession proof. This league has had two lockouts just in the last 20 years. In that time there's also been two and maybe even technically three "once in a lifetime" economic crises.
Put your faith in Gary and the BoG I guess.
The current NHL is way below where it should be. COVID artificially lowered it, the cap should be in the mid-90s right now, it's several million short still.
The NHL said it may take until 2026 to pay off the debt from COVID, it's already been paid off 2 years ahead of that, that suggests to me revenue is driving faster than expected.
Go to any game, the prices of everything is way up from even just 5 years ago, let alone 10 years ago. The prices of merchandise is also way up in the same time frame, I remember being able to buy a jersey and team cap for much less than it is now.
We're overdue several years of 4-7 million yearly cap raises. Yes, even as much as 7. We had 6 in some years in the past, did we just think that was never, ever going to happen again?
There's the sheer factor of inflation too, a cap rise of like 4 million in 2014 would be over 5 million today. Inflation itself drives cap increases.
If anything it's the people that thought COVID was going to last forever that are out of sync. Unless there's another wundervirus from China, the cap is likely going to go on at least a 4-5 year run of substantial increases as it's been held down artificially for several years now and even then it will probably be well behind where it should be had COVID not happened.