NHL Lockout: Owners and Players Should Cut Financial Losses and Make a Deal

December 10th, 2012 by Nicholas Goss Leave a reply »
The financial impact that the lockout has had on the NHL and NHLPA has been significant (via John Shannon of Sportsnet.ca), and after losing additional regular-season games, the situation is only going to get worse for both sides.

NHL now cancelled 526 of 1230 reg. season games.Players will have missed 6 of 13 checks by Dec.30. Owners will have lost close to $600 Mil.

— John Shannon (@JSportsnet) December 10, 2012 At what point will the league and its players agree that enough is enough and make a deal to avoid losing any more money?

There's no reason to continue losing revenue over a three-year difference on player-contract term limits (league wants five years, union wants eight) and a two-year difference on CBA term (league wants 10 years, league wants eight).

It's foolish to throw revenue away when both sides know there's a deal to be made.

Another area of future revenue that could be impacted is money received from corporate sponsors. It's difficult for companies to benefit from their partnership with the NHL when the lockout prevents any league events from happening.

It's impossible to calcula ...

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