Skjei will go from $925,000 to $5M plus. Thankfully it looks like the loonie has finally started to go up. 80 cents today.
What was the avg last season?
Anything can happen, but if its up 10% its 3% HRR growth right there.
The Fed started raising the interest rate and cutting QEs a long time ago which strengthen the USD. Then the market liked Trumps proposed infrastructure investments, which further strengthen the USD. The USD has been expensive a really long time. Now the rest of the world is starting to come closer to raising the interest rates and easing QEs which will strengthen other currencies and lower the USD. Trump has not yet been able to implement those investments. The USD is down from 9.45 to 8.45 against the SEK the last year, and Riksbanken has yet to raise the interest rate or ease the QEs, they plan to start doing that early 2019, but even that time frame have been enough to start to to make the USD fall. Some speculate that the USD will go down towards 6-7 SEK/USD in a couple of years. Its closer to what have been normal the last 30 years.
However, the oil price and commodities prices aren't recovering anytime soon. Traditionally, those drives they Canadian market. Can they turn around the Economy? To do so a lower loonie would help.
I wouldn't bet on a huge help from the loonie for the Cap. Inflation is much lower now than it was as long as we can remember. The internet shops are slashing prices so even if so much keeps getting more and more expensive, the avg. price for things isn't going up. The US will "import" some inflation if the USD goes down, but it will still not be much. 3-5% annual cap growth the coming decade?
I think the NHL have had a few good years. Many organizations have done well, big organizations. Think Bettman slashed the OGs because he wants a few very good seasons more, he is dressing the bride so to speak, especially before any potential new lock-out problems. Its not about 10-20 years down the road, he wants the coming years to peak. The NBC got the NHL for free and will of course cash in on it by marketing it well enough. The TV deal in the US is up in 2021. They will start to negotiate that after the summer in 2020. 17/18, 18/19 and 19/20. By then regular TV will have died even more and sports will be even more important for the few linear channels left and cable companies. Can the NHL get paid in the US too?
Bettman will retire after the next TV deal (if his health lets him work that long). Its his goal.
How do we plan ahead? Modest cap growth until 21/22. Then things might or might not pick up speed. Don't expect the cap to grow as much as it did the first 12 years after the lockout in the mean time.