The NHL is skating faster than ever due to rising profitability and the prospect of more television money. Here are the top 5 highest-paid NHL players:
Still not convinced? Look at the recent local cable deals. The Stanley Cup champion Washington Capitals began a new deal with NBC last year for 15 years that is worth twice its previous deal. The annual rights fee to the team doubled to more than $35 million a season, and on top of that, the Capitals have an ownership stake in the regional sports network.
The top of the list—New York Rangers , Toronto Maple Leafs , Montreal Canadiens , Chicago Blackhawks AND Boston Bruins —is dominated by the Original Six teams that are great brands with rich local television and sponsorship deals. As a result, the value of the average NHL team rose 6% during the past year, to a record $630 million.
But the most important team in the NHL may be its newest: the Vegas Golden Knights, which, in 2018, became the league's first expansion team to make the Stanley Cup finals in its debut since the St. Louis Blues in 1968 . The Knights took in $180 million in revenue in the past year—the tenth highest in hockey—and $53 million in operating income, the fifth highest among the league's 31 teams. The Knights are now worth $575 million, 15% more than their expansion fee.
The instant success of the Knights has the NHL on the verge of getting $650 million for its next expansion team in Seattle—an unlikely sum had the Knights tripped up.
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