Despite television ratings that lag slightly behind re-runs of “Different Strokes”, the NHL is reporting a revenue growth of at least 5 percent according to “this report”:http://www.sportsbusinessjournal.com/index.cfm?fuseaction=article.main&articleId=55148&requestTimeout=900 in Sports Business Journal.
Outside of the fact that this is also a reflection of increased ticket prices, this has some positives for fans. For one, this means that the NHL is not preparing to sell its arenas and equipment on EBay before going out of businesss. For another, with the salary cap expected to increase to between $47-$49 million, it creates more latitude for the Rangers in their efforts to sign Chris Drury or Scott Gomez –or even to lure Ron Duguay out of retirement.
Also, I can’t confirm this, but word is the league will also begin serving caviar and lobster in all its press rooms.
It’s the least they could do…