(from USA Today, October 11, 2012) The full emphasis of the NHL lockout is upon us. The first two weeks of the regular season have been canceled, and that will have a huge economic impact not only on teams, but also on arenas, sports bars, hotels, motels, arena employees, and the organizations that volunteer their time in the hockey arenas.
Most fans, especially those who are lifelong fans, have put the blame squarely on the team owners, who say that they can give 12-15 year contracts to their superstar players, but aren’t willing to come to an agreement about the distribution of the revenue. It is the general consensus that the first two weeks of the NHL regular season will not be missed, due to the MLB playoffs and the NFL, but to the long time season ticket holders and lifelong fans of the NHL, this is not the case.
While the owners and players remain in a stalemate in the negotiations of a new collective bargaining agreement, NHL fans are suffering. While both sides continue to meet, they are still in the beginning talks regarding health and safety issues. As of now there is no sign of the players and owners getting closer to an agreement.
NHL Deputy Commissioner, Bill Daly, has said that owners have lost an estimated $240 million revenue, resulting from the canceled games, and players will lose their first paycheck next week. Every paycheck lost for a player represents 7.7% of the player’s yearly income. On average an NHL player makes 2.3 million, which meant that on average players are losing $177,000 every paycheck that is missed due to this lockout. Solving this issue will have a huge economic impact on all the different groups who are splitting revenue from the NHL.