The Top 3 NHL Teams That Make Good Money Off The Sport

Hockey is actually one of the most beloved sports in the 21st century. However. just like any other sport, there has to be a few highs and lows, in this case, Hockey always records the highest number of downsides than any other sport. So why is this? How can such a high profile sport suffer from so many controversies? Well, it all points back to the revenue factor. How much money do NHL teams make? What’s the revenue generated for each game?. According to reports, most of the revenue generated by NHL comes from ticket sales, TV revenue, sponsors, concessions and merchandise sales.

However, some teams make their money through other means that are not hockey related. Peripheral revenue like concessions and concerts at hockey venues are still a significant revenue stream for many professional hockey teams.The teams that have their own arenas benefit the most. Don’t get us wrong: hockey players aren’t searching the internet for promotional vouchers for their protein powder or anything like that. Hockey players still have an average annual salary of  $2.9 million. This is the main reason why we have teams making lots of money annually while others are experiencing major losses. Here are some of the teams that make good money from the sport;

1. The New York Rangers

The team makes it at the top of the list with a $1.2 billion team value. The New York Rangers are by far the most valuable team in NHL for the longest time. The team boasts of having the most energetic and passionate fan bases than any other team. The Rangers were ranked third in ticket sales revenue by NHL for the 2015-16 season. In addition, the team records the highest number of sold out tickets for every game played.

2. The Montreal Canadiens

The Montreal Canadiens are also making good money off the sport. The team ranks second as the most valuable NHL team with a $1.18 billion figure estimate. The 2015-16 season was quite harsh on the team, but this did not affect the team’s value in any way. In fact, the team still continues to harbor some of the highest paid players. The Montreal Canadiens continue to hold on to second place ahead of the Toronto Maple Leafs in terms of team value and revenue.

3. The Toronto Maple Leafs

The Toronto Maple Leafs take on the third spot with a $1.15 billion value estimate. The team continues to generate good revenue through merchandise and ticket sales. The Toronto Maple Leafs have some of the top rated players in NHL, putting it a step ahead from the Chicago Blackhawks.  Here is a complete list of the most valuable teams in the league.

Conclusion

The future of Hockey is still yet unclear but the fact that there are few teams ripping off good profits from the game, it’s a clear indication that things are about to get better. We can only hope to see more NHL teams ranking higher in terms of revenue for the next coming years.

Who Is the Most Valuable Team in the NHL

America and Canada are two nations that have over the years excelled in many kinds of sports. Hockey has its fair share of popularity in these two countries, thanks to its success over the years. The two nations have their very own hockey league known as the “National Hockey League” comprising of 31 teams. Over the years, the Pittsburgh Penguins team has proven to be the most valuable team in this league; both in terms of finances and success at the field. Let’s discover some of the reasons for this success.

What’s Their Plan of Course and Success?

Pittsburgh Penguins owners namely Mario Lemieux and Ron Burkle had an average 2016 season: their team managed to capture the franchise’s 4th Stanley Cup but the owners wanted to explore ways to increase equity. Therefore, they took the team off the market when they could not get anything near to the 740 million dollars valuation for the Penguins they were looking for.

Consolation prize? The 13 playoff matches played at P.P.G Paints Arena enabled the Penguins to generate 26 million dollars in the operating income, which were basically the earnings before interest, taxes, depreciation and amortization. The team ended up generating seventh-most highest income in the NHL and 26% more than the team raked in the previous season.

The Penguins showcase what is possible in the NHL, an elite, averaged market team that is majorly profitable. Increased profitability appears to be the trend for this league. During the 2015-16 season, it was observed that the league’s operating income was an average of 15 million dollars, similar to the prior season. The major reason for the increased profitability during
the past two seasons was due to the fact that relative to the overall revenue,the 14-15 season was the first league’s lower salary cap as part of the combined bargaining agreement . Additionally, it was the same period that the 12-year, 5.23 billion dollar (Canadian) media deal with Rogers Communications was underway.

Going by the changing fortunes of The Penguins, it is safe to admit that due to its successes alone, the league improved financially. Deals such as those signed with Major League Baseball Advanced Media, helped the NHL get a 400 million dollar expansion fee from the owners of the Vegas Golden Knights, who will become a part of the league for the season of 2017-18.

Final Thoughts

One question that the pundits are perhaps asking is, why couldn’t the managers of the Penguins get a better valuation for their team? First, it is important to note that the Penguins may have increased financially in the short term. Secondly NHL’s profits are yet depended on just a few teams. Some of these major players are the New York Rangers, Montreal Canadians and Toronto Maple Leafs who both had an operating income of 229 million dollars together during the 15-16 season, or 50% of the league’s total..