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Booming NHL business a double-edged sword for low-revenue teams

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Yesterday, the NHL announced a 12-year Canadian broadcast agreement with Rogers worth almost $5 billion in U.S. dollars.

Yeah, it was a pretty big deal.

Immediately after the news broke, people started to wonder what it would mean for the league’s 30 franchises. And in particular, they wondered about the clubs that aren’t considered among the financial powerhouses of the NHL, for which finances are always a concern.

For example, Yahoo! Sports columnist Nicholas Cotsonika was thinking about the Phoenix Coyotes, a team that very nearly relocated this past summer before finally finding new ownership.

Say you’re the Coyotes. You have been at or near the bottom of the league in attendance in recent years. You want to win, draw fans and make the business work on your own. But the cap and floor are more manageable. You don’t have to hit attendance targets to receive revenue-sharing anymore. Your cut of the Canadian TV revenue now is $4.75 million a year at the current exchange rate, but it will shoot up to an average of about $13.8 million a year over the next dozen years – a $9.05 million difference per year. Now factor in revenue from the American TV deal, the outdoor games, a World Cup, other international events, et cetera.

And now consider this: If the NHL does expand – to, say, Quebec City and Seattle – the owners will split hundreds of millions of dollars in fees between them, and they won’t have to share any of that money with the players.

That’s the positive spin. But here’s the potential negative side, from the CBC’s Elliotte Friedman:

The only thing to worry about here is the salary floor, if you love a low-revenue club. Article 50.5 b (i) of the CBA states “the magnitude of the Team Payroll Range shall never be less than $16 million … or greater than $28 million.”

The promise of this new agreement allowed Bettman to stabilize his three biggest trouble spots: Florida, New Jersey and Phoenix. No doubt the owners of those teams, like Leonsis in Washington, are thrilled by the television bonanza and updated revenue-sharing formula.

The true test of the new CBA will be how many teams can’t afford to go much higher than the floor because you know the revenue powerhouses can’t wait to flex their financial-steroid muscles.

That’s the only concern I see. It’s at $44 million this season, and a $60-million base – with the upper limit approximately $20 million higher – is not out of the question in the near future.

The Globe and Mail’s James Mirtle conservatively estimates the salary floor/cap will rise as follows throughout the course of the CBA:

source:

It’s impossible to say for sure how current low-revenue teams like the Coyotes, Panthers, Predators, and Blue Jackets will fare in the next few years. Yes, there will be more national TV money coming in, and yes, there’s more revenue sharing under the new CBA. But paid attendance will still matter greatly for individual clubs, meaning much will continue to depend on their win-loss records.

Leafs and Coyotes headline Craig Button’s list of top NHL-affiliated prospects

TORONTO, ON - JANUARY 2:  William Nylander #21 of Team Sweden is stopped by Ville Husso #30 of Team Finland during a quarter-final game in the 2015 IIHF World Junior Hockey Championship at the Air Canada Centre on January 2, 2015 in Toronto, Ontario, Canada. (Photo by Claus Andersen/Getty Images)
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Maple Leafs and Coyotes featured prominently on Craig Button’s list of the top 50 NHL-affiliated prospects.

Button, the former Calgary GM whose current title is TSN’s Director of Scouting, has two Leafs forwards — William Nylander (1st) and Mitch Marner (6th) — and two Coyotes forwards — Dylan Strome (2nd) and Christian Dvorak (3rd) — in his top six.

Flyers defensive prospect Ivan Provorov is fourth, with Jets forward Kyle Connor fifth.

Click here to read the other 44 youngsters that made the cut.

One of them is Jimmy Vesey (8th), the Harvard scoring sensation the Predators need to sign by August, otherwise he can become a free agent.

Goalie nods: Ducks give red-hot Andersen second straight start

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Bruce Boudreau has one of those “problems you like to have” in Anaheim.

Much of his club’s recent surge is due to excellent play from both netminders — John Gibson and Frederik Andersen — but after alternating starts for the last five games, Boudreau will give Andersen his second straight nod when the Ducks take on the Jackets in Columbus.

The Danish netminder is full value for consecutive starts. Andersen made 28 saves and allowed just one goal in a win over Philadelphia last time out and has been on fire over his last six games, going a perfect 6-0-0 with a 1.67 GAA and .941 save percentage.

“We just wanted to change the rotation a little bit,” Boudreau said of tonight’s starting goalie choice, per the O.C. Register. “Gibby’s done really good against Chicago and Vancouver and Freddie’s done really good against Edmonton, Calgary. He played an outstanding game last game and I thought he deserved this game tonight.”

Anaheim is in the midst of a lengthy seven-game road swing. After tonight’s game, the Ducks take on the ‘Hawks, Oilers and Flames before wrapping the trip in Vancouver on Feb. 18.

For Columbus, Joonas Korpisalo starts in goal.

Elsewhere…

— Looks as though Jhonas Enroth gets the nod in Brooklyn with Jonathan Quick banged up. The Isles are going with Thomas Greiss, who has emerged as one of the NHL’s top backup netminders this year.

Robin Lehner goes for the Sabres in Philly tonight. Steve Mason will make his sixth straight start, and Michal Neuvirth will resume backup duties after being activated from IR.

Semyon Varlamov‘s expected to be in goal for the Avs tonight when they take on the Sens. Ottawa will go with Andrew Hammond after Craig Anderson started against Detroit last night.

— Minnesota is going back to Devan Dubnyk, tonight, who has lost nine in a row (0-8-1) with a 3.32 GAA and .881 save percentage over that time. Washington will start Braden Holtby.

Tuukka Rask versus Connor Hellebuyck as the Bruins take on the Jets.

— Dallas looks like it’ll go back to Kari Lehtonen after his strong effort in Tuesday’s win over the Wild. Chicago, unsurprisingly, is sticking with its workhorse No. 1, Corey Crawford.

— Toronto’s switching things up and going with Jonathan Bernier as its road swing continues in Edmonton. The Oilers are going with Cam Talbot, one day after sending Anders Nilsson to the minors.

Karri Ramo versus Alex Stalock tonight in San Jose.

Subban out of hospital and ‘doing well’ after surgery to repair fractured larynx

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The Boston Bruins have provided another update on goalie Malcolm Subban, who suffered a fractured larynx Saturday when he was struck in the throat with a puck during an AHL game in Portland:

“Malcolm underwent successful surgery on February 8 at Mass Eye & Ear Hospital in Boston to repair his larynx fracture. He is doing well and has been released from the hospital. While there is no definitive timetable for his return at this time, he is expected to be out a minimum of eight weeks.”

Subban, 22, was the 24th overall pick in the 2012 draft.

Related: Malcolm Subban feels he’s ‘taken a huge step forward’ from last year

‘No Spurgeon tonight’ for desperate Wild

ST PAUL, MN - MAY 9: Jared Spurgeon #46 of the Minnesota Wild celebrates scoring a goal against the Chicago Blackhawks during the third period in Game Four of the Second Round of the 2014 NHL Stanley Cup Playoffs on May 9, 2014 at Xcel Energy Center in St Paul, Minnesota. The Wild defeated the Blackhawks 4-2. (Photo by Hannah Foslien/Getty Images)
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Desperate for a win and hosting the NHL-leading Washington Capitals, the Minnesota Wild be without defenseman Jared Spurgeon for a second straight game.

“No Spurgeon tonight,” Wild coach Mike Yeo said this morning. “He’s not ready.”

Spurgeon has already missed one game, Tuesday’s 4-3 OT loss to Dallas. He suffered a “deep bruise” Saturday in St. Louis, and his status for this Saturday’s game against Boston is uncertain.

The Wild are also missing d-man Jonas Brodin, currently on injured reserve with a broken foot.

That’s two significant injuries on the back end, as Spurgeon and Brodin each average over 20 minutes in ice time.

In a related story, Ryan Suter played a season-high 33:15 against the Stars, while AHL call-up Mike Reilly was out there for just 12:27.

Related: Yeo was ‘disappointed’ to see Hoppy the rabbit holding a ‘YEO MUST GO’ sign