Despite Stanley Cup championship, Blackhawks were a financial loser last year


rockywirtz1.jpgPerhaps there was a method to old “Dollar” Bill Wirtz’s madness and Scrooge-like ways. A story out of the Chicago Tribune by Melissa Harris claims that even in spite of the Blackhawks selling out the United Center on a nightly basis, reaching the playoffs and ultimately winning the Stanley Cup the team finished the season, financially speaking, deep in the red. No truth to the rumor that the sound of late owner Bill Wirtz saying, “I told you so” have been heard coming from the halls of United Center.

Wirtz first revealed that the team was not profitable in private. “It’s going to take four (or) five years before we can actually get back in the black,” Wirtz said at an April 19 forum at the Economic Club of Chicago, according to a transcript. “And right now we’re still supporting the Blackhawks with our other Wirtz organizations.”

In a follow-up interview this week, Wirtz said that the Blackhawks ran out of cash several times last season. Each time, he received a memo, known as an internal capital call, in which the team requested money from Wirtz Corp., the Blackhawks’ parent company, to cover operating expenses. And at the end of the season, Wirtz said he double-checked that the playoffs did not cover those losses; the franchise remained in the red, the team’s accountant told him.

“We have multiple businesses and obviously we want every one to stand on its own,” Wirtz said. “And what you don’t want to do is manage one business from the profit of the other one.”

One of the things the team is doing to counter the financial shortfall is to raise season ticket prices. After all, a team’s gains and losses can pass down to the consumer, this time to the tune of an average 20% raise across the board. What once used to be a comparatively cheap ticket to buy in the NHL is now one of the priciest. If you’re worried that this will cause current owner Rocky Wirtz to start conducting business the way his old man did, however, fear not.

“We’re going to do everything we can to win,” team President John McDonough said. “We want this to be a destination for free agents. We want this to be a place where players want to play. … We’re going to charter our players (to away games) and we’re going to stay in hotels that are going to be synonymous with a first-class operation. When Rocky and I first met, we talked about this commitment.”

At least the Blackhawks no longer have to worry about home games being blacked out on local television. Progress finds its way into Chicago at long last. But why have costs gotten so out of control for the Blackhawks even in spite of success? Perhaps you might want to sit down for this one. Escalating salaries are to blame.

Compared with professional basketball, baseball and football, the economics of hockey are difficult.

The league operates under a 2005 revenue-sharing agreement. The way it works is that the teams that rake in the most income, generally regardless of expenses, subsidize the teams that generate the least.

A drawback is that it disqualified the Blackhawks, because of the size of the Chicago market, from receiving revenue sharing dollars.

The primary benefit is that it capped players’ salaries — an owner’s largest expense.

“The collective bargaining agreement has been a major help, but by no means did it create a league where all teams were going to be profitable from that point forward, or even most of them, quite frankly,” said Marc Ganis, president of SportsCorp, a Chicago-based sports consulting firm.

Under the agreement, the more the Blackhawks earn, the more they have to share.

For instance, the Blackhawks keep ticket revenue from their regular-season home games. But for every playoff home game last season, the Hawks had to give the NHL at least 50 percent of what their gate receipts would have been at a regular-season United Center sellout.

And gate receipts are everything in hockey. Ticket sales typically account for up to half of a team’s income.

“You can technically lose money during the playoffs if you don’t raise your ticket prices” for them, Wirtz said.

Obviously the league’s tough position with television contracts play into this as teams aren’t earning nearly as much as the other professional leagues but that’s something all the teams have to deal with. Forgive my cynicism here, but hearing from a team that has a license to print money with a reinvigorated fanbase that’s going crazy for their team (and all the merchandise and ticket sales that entails) makes me feel that this claim of losing so much money feels out of place.  The team is pushing the limits of the salary cap and spending money that they were more than happy to do in order to win it all.

Granted, Rocky Wirtz isn’t playing the “woe is us” card through all this and comes off more as explaining that all is not as rosy as it appears. But isn’t that the point here? It comes off as finding a subtle way to complain about the system in place but doing so in a way so as to not offend anyone in particular. They’ve accepted what they’re doing and their role in everything but don’t want to upset the fans when those costs get passed along to them. Thankfully for Rocky Wirtz, the easiest way to make sure complaints about higher ticket prices are kept to a minimum is to win it all. Mission accomplished.

Patrick Kane’s scoring streak > Sharks’ winning run on Wednesday


SAN JOSE, Calif. (AP) Patrick Kane had two assists to extend his career-best scoring streak to 17 games, leading the Chicago Blackhawks to a 5-2 victory over the San Jose Sharks on Wednesday night.

Kane set up Brent Seabrook on Chicago’s first goal and also got a helper on Duncan Keith‘s second-period goal to give him 28 points during the streak.

Jonathan Toews and former Shark Andrew Desjardins also scored for Chicago. Andrew Shaw added an empty-netter for the Blackhawks, who improved to 2-1-1 on their annual circus road trip. The six-game swing concludes this weekend with games in Anaheim and Los Angeles.

Corey Crawford made 27 saves.

Brent Burns and Patrick Marleau scored for the Sharks, who returned home from a 6-0 road trip to lose once again at the Shark Tank. San Jose fell to 3-6 at home this season after dropping 22 games here last season – their most since 1996-97. The Sharks had earned the most points at home in the NHL over the previous nine seasons.

Martin Jones made 21 saves.

After a slow start in their first game back from the perfect road trip, the Sharks found their legs late in the first period and tied the game at 1 when Burns scored on a one-timer from Joe Pavelski on the power play. It was San Jose’s first goal at home with the man advantage all season after 21 failed chances.

But the tie lasted just 88 seconds before Ryan Garbutt sprung Toews on a 2-on-1 and the Chicago captain beat Jones with a shot high to the glove side.

The Blackhawks added to the lead midway through the second period when Keith sent what looked like an innocent shot in from the boards only to see it elude Jones to give Chicago a 3-1 lead.

The Blackhawks then killed off two power plays early in the third before Marleau made it a one-goal game when he beat Crawford with a wrist shot off a faceoff win in the offensive zone with 8:40 to play.

Desjardins restored the two-goal lead 1:07 later when he scored his first of the season on a rebound.

Fresh off their annual stop in Las Vegas during their November road trip when the circus is in town, the Blackhawks started fast. They got the first eight shots on goal and took a 1-0 lead midway through the period when Kane set up Seabrook with a one-timer that beat Jones.

San Jose took more than 13 minutes before getting its first shot on goal.

NOTES: The Blackhawks have one regulation loss in their past 10 games against the Sharks. … Dainius Zubrus made his debut with San Jose on the fourth line after signing a contract Tuesday. … Sharks D Justin Braun was scratched with an upper-body injury.

Same story, different location? Isles foil flat Flyers


NEW YORK (AP) The New York Islanders distaste for the Philadelphia Flyers clearly came with them during their move to Brooklyn. Seeing their nemesis Wednesday night brought out some needed emotion.

“We needed a good, hard, physical game like that,” Casey Cizikas said after the Islanders beat the Flyers 3-1 in a rough-and-tumble affair.

“Those games are fun. When they get testy like that, when they get physical like that, that’s what makes the game of hockey so much fun. I think we thrived off of that.”

Jaroslav Halak made 17 saves and Kyle Okposo put the Islanders ahead early in the second period. Cizikas and Frans Nielsen also scored and the Islanders improved to 11-8-3 by snapping a two-game losing streak.

Steve Mason made 33 saves and Claude Giroux scored the Flyers’ lone goal.

Philadelphia has lost four of five and fell to 7-10-5.

“We’re just inconsistent. It’s the same story every game. We need to find a way to be consistent the whole game,” Giroux said. “I’m not too sure what to say. It’s the same story every game.”

The first of five meetings this season between Philadelphia and New York was a chippy one. There were post-whistle scrums seemingly after every whistle, and tempers boiled over in the second period when Nick Leddy fought Giroux.

Leddy had earned the Flyers’ ire in the first period after boarding Michael Raffl face first into the boards, but Giroux said his rationale for fighting was only partially inspired by wanting to get even for his teammate.

“The second period we were flat,” Giroux said. “Anytime you have a chance to change the momentum, you do it.”

Seven minutes after the Leddy-Giroux fight, Matt Martin squared off with Wayne Simmonds.

According to, New York had three fights this season prior to Wednesday night, and the Flyers had eight.

“It was two teams battling hard,” John Tavares said. “We’re going to have a lot of those games coming up.”

New York took a 2-1 lead 5:14 into the second period on Okposo’s fifth of the season. Tavares won an offensive-zone faceoff to begin the sequence, and Okposo gained possession of the puck along the wall, then curled toward the net before flipping a harmless-looking shot that appeared to ricochet off Nick Schultz and over Mason.

“There’s no room for error,” said Mason, adding that the puck “bounced off the side of the net” for the game-winning goal.

The teams traded goals in the first period and the long-time rivals went into the first intermission tied 1-1. Giroux opened the scoring with a power-play goal from the left circle 3:59 into the game, but Cizikas tied it with a short-handed goal with 58 seconds left in the period. It New York’s third short-handed tally this season.

New York’s penalty kill came into the game ranked 11th in the NHL, while Philadelphia’s power play was 24th.

“We have to look at everything,” Flyers coach Dave Hakstol said when asked if his team’s scheme needed to be modified in order to generate more offense. “(We) try to do that every day. So we have to look at everything.”

The Islanders outshot Philadelphia 36-18. New York had a 65-48 advantage in total shots.

“It was one of our better games defensively,” Islanders coach Jack Capuano said. “We didn’t give them too much.”

NOTES: This game marked Colin McDonald’s season debut. The Flyers called up the ex-Islander from AHL Lehigh Valley on Tuesday. He had played in four games this season with the Phantoms, where he had two assists. … Philadelphia scratched Vincent Lecavalier, Evgeny Medvedev and Sam Gagner. Lecavalier has been scratched the last six games. The 35-year-old is in the third year of a five-year, $22.5 million contract. He has one assist in seven games this season. … New York scratched Adam Pelech and Taylor Beck. … The teams came into the match having split the last 16 matches. The Islanders were 8-8-0 while the Flyers were 8-3-5. … The announced attendance was 13,027.

Vatrano presence: Bruins edge Red Wings in overtime

Frank Vatrano David Krejci

The Boston Bruins keep flipping the script.

In Wednesday’s case, it swerved to a “Cinderella” story, as little-known forward Frank Vatrano scored two of Boston’s three goals – including the overtime clincher – as the B’s beat the Detroit Red Wings 3-2 (OT).

Here’s his first goal of the night:

While this is his overtime game-winner:

It wasn’t a perfect night for the 21-year-old, yet it may have been a convincing one.

The Bruins continue to begin a month on a sour note before ending up with impressive sprees.

October: 0-3-0 start, finished month with four straight wins and victories in six of seven contests.

November: 0-3-0 start, losses in four of five; currently on a four-game winning strek with victories in five of six.

Boston faces a challenge in closing this month out against the Rangers on Friday, and it’s possible that this trend may continue, as they begin December with a three-game road trip through Western Canada.

More than anything else, the safest bet with the Bruins is for ups and downs.

Crosby roars, Malkin scores in OT for Penguins win

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Controversy just seems to find the Pittsburgh Penguins. Credit Sidney Crosby & Co. for responding with a win on Wednesday.

Crosby generated two pretty goals, including this slam-dunk slapper:

… While Evgeni Malkin‘s overtime-winner stood as the Penguins managed a 4-3 overtime win against the St. Louis Blues tonight.

(You can see Malkin’s OT-clincher in the video above this post.)

Will this win and strong performance from Crosby silence murmurs about his relationship with Mario Lemieux? Probably not, yet it likely turns the volume down in some ways, including killing the “Is he struggling because of distractions” storyline.

You know, at least for a little while. Maybe.