Garrison and Campbell

How the Panthers make money despite, er, losing money

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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.

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.”