Alexander Ovechkin Press Conference

Forbes list of NHL team values: 10 observations

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For those with an interest in the business of the NHL, here are 10 observations about Forbes’ just-published list of franchise values. Other readers might find these observations boring. So let’s get right to it!

1. The Capitals have nearly doubled in value since 2004, from $115 million to $225 million. So say what you will about Alex Ovechkin underperforming his massive contract, he’s already made Ted Leonsis a pile of money on paper. No way Washington is worth as much without Ovi.

2. According to Forbes, the four teams carrying the most debt as a percentage of franchise value are New Jersey (144%), Dallas (126%), St. Louis (81%) and Carolina (77%). Forget the Stars, because they have a new owner now. But there’s a reason the Devils have reportedly been flirting with bankruptcy, the Blues are for sale, and the Hurricanes were forced to bring in a bunch of new investors. It’s a dangerous time to be highly leveraged.

3. The Winnipeg Jets are valued at $164 million. They were sold this summer for $110 million, plus a $60 million relocation fee paid to the NHL for the privilege of moving out of Atlanta. Now consider the NHL bought the Phoenix Coyotes for $140 million two years ago. Given the City of Glendale is covering annual losses up to $25 million, could the league end up making a profit on its purchase if the franchise relocates at the end of the season?

4. The Leafs’ operating income is estimated at $81.8 million, by far the most in the NHL. And that’s without any postseason revenue. Imagine if they actually make the playoffs this season. Tickets probably won’t be cheap.

5. The Flyers’ revenue fell by $10 million. Presumably the difference between making the Stanley Cup final in 2010 and losing in the second round last season.

6. Despite the economy, only seven teams are worth less today than they were last year. For those wondering why Gary Bettman makes a lot of money, there you go.

7. Over half the Islanders’ franchise value is attributed to its market, which Forbes says is worth $78 million. Nashville’s market, in contrast, is valued at just $52 million. Translation: the NHL will do everything it can to facilitate the building of a new arena that will keep the Isles where they are. You don’t walk away from affluent, densely-populated markets like Long Island without a fight.

8. The Rangers’ franchise value rose by $46 million over last year. The prospect of a renovated Madison Square Garden with all the additional revenue sources that come with modern arenas was a big reason why. They’re not sinking $850 million into MSG because it was looking a little drab.

9. The Toronto hockey market is estimated to be worth $254 million. Thus, the talk of adding a second team. Also, the reason the Leafs are so protective of their territory. The monopoly they enjoy comprises a huge chunk of their franchise value. Obviously they’ll want to be compensated if another team moves in.

10. The Detroit Red Wings are worth $336 million. Mike Ilitch bought them in 1982 for $8 million. Nice little investment.

Video: Canucks escape Arizona with another win for the moms

at Pepsi Center on February 9, 2016 in Denver, Colorado.
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With their mothers traveling on the road trip — Matt Bartkowski‘s mom, Beth, has become a cult hero in Vancouver after another priceless media interview — the Canucks took back-to-back wins, moving them right back into the thick of the playoff fight in the Western Conference.

After beating the Colorado Avalanche on Tuesday, the Canucks held on for the 2-1 victory in Arizona on Wednesday, despite being without Brandon Sutter (broken jaw), Alex Edler (broken fibula) and Derek Dorsett, who was scratched from the lineup due to illness, as per Sportsnet’s Dan Murphy.

It was only a few days ago, following a home loss to the Calgary Flames, that it felt like the Canucks’ playoff hopes were essentially dashed. They fielded their healthiest lineup in months and couldn’t score and couldn’t win.

Two quick wins later, they’re two points out of a Wild Card spot in the West, despite getting outshot in Arizona.

Up by a goal in the third period, defenseman Alex Biega played the hero, pulling the puck out of the crease after it got by Ryan Miller on a backhand shot from Kyle Chipchura, maintaining Vancouver’s lead.

Phaneuf burned on Zetterberg game-winner in Sens debut

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A day after getting traded out of Toronto, Dion Phaneuf made his Ottawa Senators debut.

It ended with a 3-1 road loss for the Senators, and Phaneuf getting burned by Henrik Zetterberg on the eventual game winner early in the third period.

Zetterberg picked up the puck near the Ottawa blue line, beat Phaneuf to the outside, slipped the puck under the stick of the Sens’ newest blue liner and quickly roofed his shot on Craig Anderson.

“He made a real good play and you’ve got to give credit when credit is due,” Phaneuf told the Ottawa Sun.

“I put my stick there, he put (the puck) under and he made a good shot. I’ve got to have a better stick in that situation, but you’ve got to give him credit for that play.”

Phaneuf finished the night with a minus-one rating and two hits in almost 22 minutes of ice time, putting him second among Sens defensemen in that category behind Erik Karlsson, who played a whopping 33:30.

Phaneuf drilled Red Wings defenseman Danny DeKeyser with a hard slap shot early in the third period.

DeKeyser played one more shift — all of 10 seconds — before exiting the game.

Video: Rangers shut out red-hot Sidney Crosby and the Penguins

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The New York Rangers are likely too far behind the Washington Capitals to take any legitimate run at the Atlantic Division down the stretch.

But winners now of four straight, the Rangers have opened up a bit of a gap between them and other Eastern Conference teams in the playoff race. New York scored a 3-0 win over the Pittsburgh Penguins, winners in six of their last seven games, on Wednesday.

In the process, they held a red-hot Sidney Crosby off the score sheet, which has been a difficult, sometimes impossible task for opposing teams since about the middle of December. He entered this game with a seven-game scoring streak.

(In fact, New York held No. 87 to without a shot on goal in the entire game.)

Henrik Lundqvist stopped all 34 shots he faced for the shutout.

Kevin Hayes gave the Rangers the lead in the first period, before Dominic Moore and Jesper Fast put the game away in the third.

Pittsburgh remains in the second Wild Card spot in the East. The Rangers now move three points clear of the rival Islanders for second in the Metropolitan.

Video: Wideman hearing ‘a tricky case’ as NHLPA hopes to get 20-game suspension reduced

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There is no certain timeline for when NHL commissioner Gary Bettman might rule on Dennis Wideman‘s appeal, according to a report from hockey insider Darren Dreger on NBCSN, as the Calgary Flames defenseman hopes to get his 20-game ban for hitting linesman Don Henderson reduced.

“Now, ultimately what they’re hoping from a Wideman perspective and the Players’ Association is that commissioner Gary Bettman will rule and he will reduce the number of games suspended down from 20,” said Dreger during a segment on NBCSN.

“Is he going to reduce it by three games? Five games seems a bit of a stretch. And when might he do that? There’s no timeline on this.”