Sports Business Journal: NHL Revenue Up
Ratings may be in the dumps, but revenue is up in the NHL, according to Sports Busines Journal.
NHL regular-season and preseason revenue grew 5 percent to 7 percent this year, putting total revenue on track to grow to between $2.2 billion and $2.25 billion for the entire season.
Such growth would deliver a $100 million to $150 million increase on last year's revenue of $2.1 billion, which was equal to pre-lockout levels. It also would push the salary cap from $44 million to between $47 million and $49 million this offseason and entitle players to between 55 and 56 percent of revenue in 2007-08.
"The percentage increases were across the board across all lines of our business," NHL Deputy Commissioner Bill Daly said.
The revenue growth is largely attributable to increased ticket prices. Ticket revenue rose 5.7 percent this season largely due to a 5.9 percent increase in ticket prices. Paid attendance rose only 0.2 percent across the league.
Read the whole article here.
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