NHL's broadcast deal dampened by plunging Canadian dollar
The $5.2-billion, 12-year Canadian broadcast deal between Rogers Communications and the NHL is not going well so far.
The deal with Rogers is paid in Canadian dollars, which dropped in value against the U.S. dollar since the deal was announced in November 2013, costing the NHL roughly $73.61 million, one NHL governor told David Shoalts of The Globe and Mail.
The Canadian dollar sat at 81.71 cents U.S. on Monday, down from the 94-cent mark when the deal was signed.
The loss could end up affecting the salary cap, too, as the cap is based on the league's hockey-related revenue, which includes the broadcast deal. A $1.3-million drop per team could be in the cards for next season, according to the Globe's report.
The figures have not been confirmed by the league, but the extent of the loss should be revealed in June at the NHL's annual entry-draft meeting.