Talking to native Winnipegers about the end of the Jets is a frustrating experience. No matter what you say or what evidence you have to prove your point -- that Gary Bettman wanted the Winnipeg franchise moved south to create a national footprint for an American television contract, and would have done it no matter what Winnipegers and Manitobans would have done to save the team -- the mantra is always the same: They blame the city, they blame the province, they blame the business community, and they blame themselves.
Well, as hockey fans know by now, the team is safely ensconsed in that hockey hotbed known as Phoenix, Arizona. And everything is going swimmingly in the desert, right? Somehow, I don't think this was supposed to be part of Gary Bettman's plan ...
Here's the smoking gun. The ESPN article states that the Coyotes have lost $60 million in the past two seasons, and will lose another $30 million this season. Asking for an advance on its television money isn't new, and it doesn't really matter (the club's just asking for its money early) except for two things. Other clubs have a line of credit to draw on whhen cash flow becomes irregular, and what an NHL team makes from it's television contract isn't that much. So if the Coyotes are asking for that money, it must mean that their line of credit is already maxed out, and they're really, really desparate for cash.
Now, would the Winnipeg Jets have lost as much money over the years if they played in Winnipeg instead of Phoenix? And if people thought that hockey in the desert made economic sense, and hockey in a hockey market didn't make sense, what are those people thinking today?
Well, as hockey fans know by now, the team is safely ensconsed in that hockey hotbed known as Phoenix, Arizona. And everything is going swimmingly in the desert, right? Somehow, I don't think this was supposed to be part of Gary Bettman's plan ...
Here's the smoking gun. The ESPN article states that the Coyotes have lost $60 million in the past two seasons, and will lose another $30 million this season. Asking for an advance on its television money isn't new, and it doesn't really matter (the club's just asking for its money early) except for two things. Other clubs have a line of credit to draw on whhen cash flow becomes irregular, and what an NHL team makes from it's television contract isn't that much. So if the Coyotes are asking for that money, it must mean that their line of credit is already maxed out, and they're really, really desparate for cash.
Now, would the Winnipeg Jets have lost as much money over the years if they played in Winnipeg instead of Phoenix? And if people thought that hockey in the desert made economic sense, and hockey in a hockey market didn't make sense, what are those people thinking today?
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1 comment:
I'd like to see the market research that showed putting a team in Phoenix, Nashville, etc. was a good idea. Probably the same firm that handled the research on regime change in Iraq and Afghanistan. You think I'm kidding, but I'm probably right.
As 'sophisticated' as our society/culture has become, we still infuse a lot of our planning with childlike wishful thinking, i.e. the market for giant gas-guzzling F-350s; Zoom Airlines; a dome in downtown Regina. Puh-leeze. (No. 1: Who'll be a big enuf draw in 2014 when it's finished? The Stones/Eagles/Pink Floyd? They'll all be dead by then. For real. No. 2: Maybe the CFL will be dead by then, too. Anyone think of that?)
As for the Jets, I'd love to see them return to Winnipeg-compete as a middle of the road, viable team that sometimes competes for 8th and occasionally makes a run at the finals.
Better than that shyte in Phoenix. Bettman was ass from DAY ONE. Just look at him.
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