NHL still feeling financial impact of lockout?
On Monday it was reported by the Pioneer Press (by way of Greg Wyshynski) that the Minnesota Wild lost nearly thirty million dollars last season. These reported losses come on the heels of both the NHL lockout, and the signing of Ryan Suter and Zach Parise to monster contracts, which carried a combined twenty million in signing bonuses according to capgeek.com.
Oh and Parise and Suter are due another combined twenty million in signing bonuses this summer as well, we might add... NHL owners, however, aren't the only ones feeling the squeeze from the lockout.
Some regional broadcast rights holders incurred massive losses of their own this past NHL season, with the Globe and Mail's media reporter Steve Ladurantaye reporting that the NHL lockout (in addition to a significantly higher Blue Jays payroll) contributed to Rogers losing $35 MM in the last quarter:
Interesting: Higher Blue Jays payroll, need to broadcast flurry of games to make up for NHL lockout cost Rogers $35-million last quarter.— Steve Ladurantaye (@sladurantaye) July 29, 2013
With some estimates contending that television advertising associated with the NHL product may have dropped by as much as 50-60% in the lockout's wake, some are wondering whether the value of the NHL's Canadian Television Rights might atrophy.
With CDN sports broadcasters facing steep drop in advertising (in part due to lockout) might the NHL's TV rights value be diminished?— bruce dowbiggin (@dowbboy) July 29, 2013
The league's current Canadian broadcast rights arrangement expires following this season.