In my last article, Something to Ponder… I just touched on the possibilities that could be explored to fix the NHL’s economic problems that are now causing the lockout to go into its’ 12th day. Contraction could be explored as there are definitely teams losing money. The Coyotes, Panthers, Lightning, Ducks, and Blue Jackets all lost money last season. There are some teams that are too close together for the market they’re in. The Rangers, Islanders, Flyers, and Devils are all teams in the Tri-State area of New York, New Jersey, and Connecticut. The Flyers, who are in Pennsylvania, can be considered a part of this area as Philadelphia is close enough to the three other teams mentioned.
California has the Ducks and Kings. I lived in the Los Angeles and Orange County area to know that the Kings are the team that draws the most from the Southern California market. I believe the Ducks should be allowed to move further south into San Diego if a suitable arena is available, and there is any real interest. This way… the Ducks could still get Orange County residents (ones south of let’s say Irvine) while being in an area where San Diego residents can travel without it being a long trip.
I believe there are markets in the USA that would welcome a hockey team with open arms. I will be posting a list of the teams that are profitable, and ones that definitely are not making money. All teams are worth millions… but, only when sold by there current owner. How is an owner to pay salaries when they are losing money? They have other businesses they can transfer or allocate money from.
For example, up in the Tampa Bay area – Jeff Vinik has Vinik Asset Management, and I know some other team owners that have other businesses. I believe the cry about the economics being broken is due to owners tired of having to pay salaries using funds from their other businesses as the hockey club is not making enough money.
There are teams that do not have enough fans showing up to support being in the market they are in. There are markets in the USA that I am confident would welcome having an NHL team to support. The New York Islanders… despite being in the number one market in the USA demographically speaking – New York City, and it’s surrounding area… is experiencing problems. The New Jersey Devils are in the same demographic, and are now losing money also despite being one of the most successful teams in the NHL. The New York market is dominated by the New York Rangers.
I am stopping for now… stay tuned for Something to Ponder – Part III. I am also going to be posting some Team History articles, I have written as a way of keeping your interest as there is only so much Panther news to write about… especially when we have a lockout going on right now, and we’re waiting for the AHL and ECHL teams to start playing.
Until tomorrow… WE SEE RED & THE PANTHERS ARE DEFINITELY… RED RISING!!! :)