How the Panthers make money despite, er, losing money

2 Comments

If you’ve ever wondered why anyone would want to own a money-losing NHL team in South Florida, Panthers president Michael Yormark puts it this way:

“I often tell people, we’re in the entertainment business and we happen to own a hockey team. For us, it’s just about providing as much entertainment as we possibly can for our community.”

The “we” Yormark refers to is actually the Panthers’ parent company Sunrise Sports & Entertainment (SSE), which owns both the NHL club as well as an entity called Arena Operating Company (AOC), which as you may have guessed, operates the Sunrise arena in which the Panthers play, the BB&T Center.

The Panthers, as a standalone NHL franchise, aren’t profitable, according to estimates.

But AOC is.

Without the Panthers, however, there wouldn’t be an AOC. That’s because, back in the ‘90s, Broward County built the arena to lure the NHL franchise out of Miami. As part of the deal, the team’s ownership company was granted a 30-year license to operate the arena.

The hockey team, in other words, was the foot in the door.

“We’ve got a niche in the marketplace with our hockey team and a very loyal fanbase,” Yormark tells Forbes, “but our value proposition is all about the entertainment. It’s 170-200 events a year, almost two million people in this building on an annual basis, and we have been successful.”

This Friday, for example, the BB&T Center will host Beatdown 2012, a boxing competition with musical performances by Flo Rida, Fabolous, Waka Flocka, DMX, Travis Porter and Fat Joe. (Tickets are still available!)

Without the Panthers, there’s no rent from Beatdown 2012.

SSE also recently partnered with a Las Vegas gaming company in an attempt to build a casino on land around the arena.

“We are beginning to make a shift into the real estate business with this new venture,” said Yormark.

Without the Panthers, there’s no real estate business.

All of which is surely frustrating for the players, who are being asked to accept a smaller share of hockey-related revenues to offset owners’ losses that are, in some cases, being made up in other areas.

*****The Cult of Hockey and Defending Big D also wrote extensively on this.

Bruins without Bergeron vs. Leafs in Game 4

Leave a comment

The Boston Bruins rolled through much of the regular season despite injuries, even to key players like Patrice Bergeron. The fact that they’re unfortunately experienced playing without Bergeron is probably the only silver lining regarding his late scratch heading into Game 4.

The Bruins announced that Bergeron is day-to-day with what they’re deeming an upper-body injury, so Riley Nash slips into Bergeron’s spot between Brad Marchand and David Pastrnak.

[NBC’s Stanley Cup Playoff Hub]

This stands as an obvious opportunity for Auston Matthews to roam more freely against the Bruins and a chance for the Maple Leafs to tie this series in front of their home fans.

As of this writing, the two teams are tied up 1-1. Click here for the livestream link.

This news comes not that long after news surfaced that Bergeron’s once again been named a finalist for the Selke.

James O’Brien is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @cyclelikesedins.

Doughty, Hedman, Subban are 2018 Norris Trophy finalists

4 Comments

Drew Doughty of the Los Angeles Kings, Victor Hedman of the Tampa Bay Lightning and P.K. Subban of the Nashville Predators have been named finalists for the 2018 Norris Trophy. The award, voted on by the Professional Hockey Writers Assocation, is given “to the defense player who demonstrates throughout the season the greatest all-round ability in the position,” will be handed out during the NHL Awards show June 20 in Las Vegas.

This is the fourth time Doughty has been name a finalist. He won the award in 2016 after finishing second the year before. Hedman finished third in the voting last season and this is the second time he’s finished in the top three. Subban, like Doughty, has a Norris Trophy on his resume (2013). This is the third time he’s been up for the award.

[NBC’s Stanley Cup Playoff Hub]

The Case for Drew Doughty: The Kings blue liner finished sixth in scoring among defensemen with 60 points, which included 10 goals. He also led all NHL players in total ice time with 2,200:31, finishing with an average of 26:50 per game. He had a strong possession game with a 53 percent Corsi and a 4.39 Relative Corsi, meaning LA fired nearly five shots more per 60 minutes when Doughty was on the ice.

“I’m not starting the season, thinking ‘oh I got to get the most points I can, so I can win the Norris,’” he told The Athletic last month. “I’m starting the season, thinking, ‘I’ve got to get my defensive game even better, because that’s where my team needs me the most – to lead the charge in that area. It’s a team game and it’s about winning championships.”

The Case for Victor Hedman: Hedman finished tied for first among defensemen in goals scored with 17 and finished fourth in points with 63. He set a career high in ice time with 1,990:30 total minutes, averaging 25:51 per night. The possession stats for the Lightning defenseman were solid as well, with a 52 percent Corsi and a 0.38 Relative Corsi.

“I’m fortunate to be on an unbelievable team that helped me out through my first decade in the league, to help me grow into the player I want to be,” he told Sports Illustrated in February. “Still got stuff to work on and get better at, but obviously winning the Norris would be something that I want to do. I want to be at the top of my game. I want to play my best every night.”

The Case for P.K. Subban: Subban was right behind Hedman in goals scored (16) and right behind Doughty in total points (59). He logged 1,977:24 of ice time, playing in all 82 games for the Predators this season. As you’d expect from a Norris finalist, his possession stats were good, as he finished with a 52 percent Corsi and a 0.3 Relative Corsi.

Earlier this season, Subban told the Tennessean he felt his defensive game was overlooked. “The offensive part of my game has always been there,” he said. “The defensive part has always been there as well, but for whatever reason, I don’t seem to get the credit for what I do in my (defensive) zone and how I contribute defensively for our hockey club.”

2018 NHL Award finalists
Lady Byng (Friday)
Selke Trophy
Vezina Trophy

————

Sean Leahy is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @Sean_Leahy.

WATCH LIVE: Leafs, Blue Jackets try to even things up

Getty Images
2 Comments

Game 4: Boston Bruins at Toronto Maple Leafs, 7 p.m. ET (Bruins lead series 2-1)
NBCSN
Call: Mike Emrick, Pierre McGuire, Eddie Olczyk
Series preview
Stream

Game 4: Washington Capitals at Columbus Blue Jackets, 7:30 p.m. ET (Blue Jackets lead 2-1)
USA
Call: Ken Daniels, Darren Pang
Series preview
Stream

[NBC’s Stanley Cup Playoff Hub]

Predators’ Ryan Hartman suspended one game for illegal check to head

Getty
2 Comments

When the Nashville Predators attempt to close out their series against the Colorado Avalanche on Friday night they will be without forward Ryan Hartman.

The NHL’s Department of Player Safety announced on Thursday afternoon that Hartman has been suspended one game for an illegal check to the head of Avalanche forward Carl Soderberg during the Predators’ 3-2 win in Game 4 on Wednesday.

Here is the NHL’s explanation for the suspension.

He was given a two-minute minor penalty for charging on the play. It happened early in the third period.

It turned out to be a pretty eventful night for Hartman as he was also penalized in the second period for roughing and holding the stick during a sequence that saw him get speared by Avalanche forward Sven Andrighetto.

Andrighetto was given a roughing penalty during the sequence, but to this point has not received any supplemental discipline for the spearing incident.

[NBC’s Stanley Cup Playoff Hub]

This is already the fourth suspension of the playoffs as Hartman joins Drew Doughty (one game), Nazem Kadri (three games), and Josh Morrissey (one game) as players to sit for at least one game.

There was only one suspension during the entire 2017 playoffs.

The Predators acquired Hartman at the trade deadline from the Chicago Blackhawks in exchange for Victor Ejdsell, a first-round pick, and a fourth-round pick. In 78 games this season between the two teams he scored 11 goals to go with 20 assists. Three of those goals game as a member of the Predators. So far in the first-round series against Colorado he has scored one goal for the Predators.

Related: Avalanche to start Andrew Hammond in Game 5

————

Adam Gretz is a writer for Pro Hockey Talk on NBC Sports. Drop him a line at phtblog@nbcsports.com or follow him on Twitter @AGretz.