NHL Lockout: Phoenix Coyotes Now Have More Time in Desert Due to Work Stoppage
October 5th, 2012 by Isaac Smith Leave a reply »The NHL Lockout is not only a black mark on the game of hockey, but is also a financial detriment to most NHL franchises.
The Phoenix Coyotes, currently owned by the NHL itself pending the sale of the franchise (via TSN.ca) to Greg Jamison, are one of the few exceptions to this claim. The 'Yotes have never made a profit in the desert, losing upwards of $36 million dollars in 2011-12 (via azcentral.com) with losses from this past season projected to be "about the same" (via Globe and Mail).
On the players' side, the NHL lockout means that players do not get the salaries that they were supposed to make this season. The only money that (non-injured) players receive is the escrow money that was set aside (via Globe and Mail) last year.
This is excellent news for Phoenix Coyotes fans because it means that there isn't fiscal pressure to get a deal done until the season actually kicks off.
The NHL and NHLPA have had some pretty unproductive meetings recently resulting in the cancellation of the entire preseason and the first two weeks of the NHL regular season (via CBC.ca). These unproductive negotiations could benefit the Coyotes if ...
Read Full Article at Bleacher Report - NHL
Article written by Isaac Smith
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