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.

Brad Marchand pulls a Roger Neilson, waves ‘white flag’

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It was another eventful for night for Boston Bruins forward Brad Marchand.

After a series of penalties in the second period of his team’s 1-0 overtime loss in Dallas, he decided to pull a Roger Neilson and wave the white flag by sticking a towel on the blade of his hockey stick and … well … waving it from the penalty box. This was presumably a form of surrendering to the referees.

Or simply Brad Marchand doing Brad Marchand things.

His adventure started in the second period when he was given a double-minor for roughing Radek Faksa after Marchand came to the defense of his linemate, Patrice Bergeron, who was sent flying into the boards at the hands of Faksa. Bergeron briefly exited the game before returning.

Here is the entire sequence.

After serving his four minutes for that altercation, Marchand returned to the ice and was almost immediately sent back to the box for slashing stars goalie Ben Bishop.

Nobody from Boston liked the call at all, with Marchand at being at the top of the list.

That was when he waved the white flag and was sent off for 10 additional minutes.

That might look familiar to you because you might recall former long-time NHL coach Roger Neilson doing something similar during the 1982 playoffs when he was coach of the Vancouver Canucks.

Marchand has been in rare form this season, even for him. Earlier this month he was given a 10-minute misconduct for mocking Nashville Predators forward Colton Sissons for embellishing a high-sticking call, which came after he bloodied Washington Capitals forward Lars Eller in the season-opener after Eller taunted the Bruins’ bench.

In the playoffs the NHL had to instruct Marchand to stop licking opposing players.

No matter what you think of Marchand as a player you at least have to admit this: It is never boring with him around.

MORE: Your 2018-19 NHL on NBC TV schedule

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.

Josh Archibald suspended two games for hit on Ryan Hartman

via NHL DoPS
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After holding a hearing with Josh Archibald earlier on Friday, the NHL’s Department of Player Safety suspended the Arizona Coyotes forward two games for his “high, hard hit” on Ryan Hartman of the Nashville Predators.

The league’s explanation video explains that Hartman’s head was “the main point of contact” and that contact with the head was avoidable.

During the game itself (a 2-1 win for the Coyotes on Thursday), Archibald received a minor penalty. He doesn’t have a history of supplemental discipline at the NHL level, which may have prompted a lighter punishment. Hartman eventually returned to that loss for Nashville.

Here’s the explanation video via the NHL’s DPoS:

Archibald will be eligible to play for the Coyotes again on Nov. 23.

MORE: Your 2018-19 NHL on NBC TV schedule

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.

Penguins’ Matt Cullen fined $1,000 by NHL for dangerous trip

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NEW YORK (AP) — Pittsburgh Penguins forward Matt Cullen has been fined $1,000 by the NHL for a dangerous trip of Tampa Bay Lightning forward J.T. Miller.

The infraction came during the first period of Thursday night’s game, a 4-3 victory by Tampa Bay. Cullen was assessed a minor penalty for tripping.

In announcing the fine, the league said Friday the money will go the Players’ Emergency Assistance Fund.

Tavares living up to hype for Leafs with Matthews out

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The Toronto Maple Leafs have a lot going on right now, and quite a bit of it is no good.

Auston Matthews‘ bad injury luck continues. The William Nylander contract impasse is dragging on far longer than most of us expected.

Good thing the Maple Leafs won The John Tavares Sweepstakes, then, right?

Thursday presented the latest example of that free-agent gift that keeps giving, as Tavares and the Maple Leafs beat the San Jose Sharks 5-3 in a game that was frequently filling. For some, it was a reminder that Tavares’ transition has been seamless compared to Erik Karlsson‘s growing pains with the Sharks. Such comparisons feel petty, really, when you consider just how joyous Tavares’ run has been so far with the team he rooted for (and slept on bedsheets for) as a child.

Consider that Matthews has last played on Oct. 27. Since then, Tavares has really embraced his role as the clear go-to guy for the Maple Leafs. While he was unable to generate a point in Toronto’s flat loss to the Flames in the first game following Matthews’ injury, Tavares has been trading off being electric and automatic since then.

The talented center managed to generate a point in every November game so far (five goals and five assists for 10 points). Tavares’ goal from Thursday also extended his goal streak to four games.

Sharks coach Peter DeBoer provided praise heading into that Leafs – Sharks game that ended up being prophetic.

“I just love the honesty to his game. He plays both ends of the rink, he wins battles, he goes to the dirty areas of the rink, he makes other people around him better, which you think is everybody in the NHL, but it’s not,” DeBoer said, via Sportsnet’s Chris Johnston. “That’s a short list of guys. You can put a John Tavares with almost anybody and he’s going to make a line go or make those guys better. Joe Thornton has that ability, too.

“He’s just a special player.”

Indeed, Tavares showed that he can score ugly just about as efficiently as he can set up beautiful chances.

Of course, the Maple Leafs aren’t subsisting on Tavares’ shrewd play alone. Morgan Rielly continues to put up highly impressive offensive numbers from the blueline. While the Maple Leafs’ hit-or-miss defense can sometimes hang him out to dry, Frederik Andersen builds a case as an underrated goalie, including making 42 saves against the Sharks in that 5-3 win. Kasperi Kapanen is taking advantage of a long-awaited opportunity to prove himself, and Mitch Marner has been just about as explosive as many expected when it became clear that he’d line up with Tavares. Nazem Kadri is thriving as a second-line center.

Still, Tavares stands out for his consistency and versatility.

” … He’s been a leader,” Rielly told the AP after the Maple Leafs beat the Kings 5-1 on Tuesday. “He’s been a 200-foot player. He’s been putting the puck in the net.”

With respectable-yet-unspectacular possession numbers, it’s true that Tavares stands out most for his offense (23 points, including 12 goals, three of which were game-winners).

Even so, it’s heartening to see that Tavares can carry the Maple Leafs during those stretches where their deadly one-two punch goes down to just one (or, at least, a solid but less spectacular two in Kadri).

Considering a slightly-high 16.9 shooting percentage, perhaps Tavares will cool off during the grind of an 82-game season. So far, he’s living up to the considerable hype … and, besides, Matthews might be back in time to warm things up if Tavares suffers a cold spell.

MORE: Your 2018-19 NHL on NBC TV schedule

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.