Canadian Team Screwed Out of Millions of Dollars: Gary Bettman Has Been Caught Red-Handed

Published November 27, 2023 at 9:33
BY

The NHL Global Series, an international showcase for the league, has come under criticism for its financial impact on participating teams, particularly the Toronto Maple Leafs.

Toronto Maple Leafs Financially Disadvantaged in NHL Global Series



In the Global Series, which featured teams including the Detroit Red Wings, Minnesota Wild, Ottawa Senators, and the Toronto Maple Leafs, the allocation of home and away games had significant financial implications. The NHL's policy is to compensate teams for 'home' games based on their regular home game revenues.

The Ottawa Senators, whose average home game revenue is around $1.5 million, were compensated for two home games played in Sweden. In contrast, the Toronto Maple Leafs, who typically earn about $4 million per home game, were assigned two 'away' games. This arrangement led to a substantial revenue loss for the Maple Leafs, estimated at nearly $8 million.


Friedman says that when it comes to the global series the league is basically robbing, and has to pay for a home games gate.

You'll notice that Ottawa had 2 Home games while Toronto had 2 away games simply because the NHL found it easier to cut a check with Ottawa #GoSensGo


Implications for the NHL's Financial Strategy



This cost-saving measure by the NHL, while economically practical in the short term, raises concerns about its broader impact, especially on teams with higher revenue like the Maple Leafs. Such a strategy could potentially alienate these teams, making them hesitant to participate in future NHL international events. The long-term effects of this approach on league-team relationships and the overall global promotion of the NHL are subjects of ongoing debate.

The NHL's approach, as well as Commissioner Gary Bettman's role in this decision, has sparked discussions about the balance between financial pragmatism and maintaining equitable relationships with all teams in the league.

For more details on this issue, visit Blade of Steel: NHL reveals the real reason the Toronto Maple Leafs were given the best Global Series schedule
POLL
November 27   |   1 answers
Canadian Team Screwed Out of Millions of Dollars: Gary Bettman Has Been Caught Red-Handed

Do you think Gary Bettman is a bad commissioner?

Yes00 %
No00 %
LIST OF POLL
Latest 10 stories