Breaking down Forbes' NHL team values

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Breaking down Forbes' NHL team values

The company and magazine that reveals and ranks the world’s richest people also calculates the game on ice. On Monday, Forbes released its annual NHL team valuations -- an estimate of the value of each of the 30 teams -- and despite what you’ve seen or read during nasty labor negotiations, there’s money to be made in the NHL.

According to Forbes, 19 teams returned a profit -- from the Maple Leafs at the top, hauling in $48.7 million, to the Colorado Avalanche (17th), turning a modest $300,000. The Flyers climbed up one spot to seventh.

Impressively, the Flyers were still able to turn a $6 million operating income despite the lack of revenue after failing to qualify for the playoffs. The Comcast enterprise is now valued at a half-billion dollars, an increase of 49 percent from 2011-12. Here are some other observations:

Do big UFAs still make cents?
The NHL’s new 10-year CBA effectively ended long-term, front-loaded contracts, allowing more owners to put profits into their pockets. Perhaps Ed Snider and the other board members at Comcast-Spectacor can thank the Nashville Predators for strengthening the Flyers' bottom line. Had Nashville refused to match the offer sheet for defenseman Shea Weber, the Flyers would have been operating in the red after cutting Weber a check for $14 million last summer. No surprise the Minnesota Wild had the largest operating loss of any NHL team at $13.6 million -- the result of signing Zach Parise and Ryan Suter to identical 13-year, $98 million contracts.

Blackhawks are perfect business model
Not only have the ‘Hawks hoisted the Stanley Cup twice in a four-year span, they’ve proven to be one of the league’s most profitable, with an operating income of $25.6 million -- second to the New York Rangers among U.S.-based teams. The Blackhawks are now valued at $625 million -- up 79 percent from the previous year. Owner Rocky Wirtz has lived by the motto “You have to spend money in order to make money,” and within the hockey operations, the Blackhawks have spent wisely. As co-owners of the United Center, the 'Hawks are one of four NHL teams with little or no debt.

Don't count your money by the Cup
The Maple Leafs, Rangers and Canadiens are the Big Three when it comes to current value, revenue and operating income, but that clearly hasn’t translated into success on the ice. The Blueshirts were the last of those teams to win Lord Stanley’s Cup back in 1994, with the Canadiens winning a year earlier. Plus, the wealth is distributed a little more evenly. Last year, Toronto, New York and Montreal accounted for a whopping 83 percent of the league’s income. This year, they accounted for just over half of that amount.

Canadian teams are moneymakers
If the NHL is seriously considering expanding to 32 teams, it’s hard to argue putting two more franchises in Canada. All seven of the Canadian teams rank in the top 16 for the first time in Forbes’ rankings, including three in the top four. Combined, the seven Canadian teams had earnings totaling $129 million -- an average of $18.4 million per team. Comparatively, the 23 U.S.-based franchises collectively had an operating income totaling $81.3 million, or an average of $3.53 million per team. The Winnipeg Jets are now valued at $340 million, or twice what True North Sports & Entertainment paid to bail the franchise out of Atlanta just a few years ago.

Harris right on the money
Sixers owner Josh Harris rescued the New Jersey Devils from an NHL takeover, purchasing the franchise and the lease to the Prudential Center as well as assuming all debt for $320 million back in August. If you thought Harris overpaid, consider that Forbes’ value of the Devils came in at $320 million. However, when evaluating the Devils franchise, a few disturbing aspects stand out. The Dallas Stars (playing in a non-traditional hockey market) and the Buffalo Sabres (playing in one of the league’s smallest markets) are pulling in as much revenue as the Devils, who lost $4.2 million in 2012-13 coming off their run to the Stanley Cup Final the year before. Harris' franchise also has a debt/value ratio of 81 percent, by far the highest of any team in the NHL.

Hakstol intrigues with pairing, potential of Konecny, Couturier, Voracek

Hakstol intrigues with pairing, potential of Konecny, Couturier, Voracek

VOORHEES, N.J. — Travis Konecny, Sean Couturier and Jakub Voracek styled matching green jerseys during Friday’s practice at Flyers Skate Zone.

Together, they whipped around the ice in what head coach Dave Hakstol called a “physical, grinding, competitive day, probably the most competitive of camp … and that was for a purpose.”

Flyers fans are likely crossing their fingers, hoping the trio in green holds a purpose, as well.

The line of Konecny, Couturier and Voracek was a new wrinkle to 2016 training camp, a day before the team’s fifth preseason game. Maybe an experiment of sorts by Hakstol, but one that exudes all kinds of potential leading up to Saturday night’s contest against the Bruins at the Wells Fargo Center.

“It’s one day of practice,” Hakstol said. “They were fine. I wasn’t keying on that line in any way, I was keying on a lot of our team play. They were fine, they worked hard. To really see what kind of chemistry they have and how productive they can be, we’ll have to wait until the game [Saturday] if they’re together.”

Will we see that?

“You might,” Hakstol said. “I don’t have anything set yet.”

Konecny played left wing Friday, next to Couturier at center and Voracek on the right. If that is in fact the case Saturday, the 19-year-old Konecny will see another golden opportunity to woo management in his push for a roster spot. The Flyers purposely paired Konecny with NHL forwards Brayden Schenn and Michael Raffl in Wednesday’s 2-0 preseason win, and the 2015 first-round pick responded with a goal and an assist.

Friday marked a new day with new possibilities.

“It felt good,” Konecny said. “Just like the game [Wednesday] night, you’re playing with good players and it makes the game easier. I was just trying to keep things simple and work hard.”

Couturier and Voracek are two of the Flyers’ most skilled passers and playmakers. Combine them with Konecny — a prized prospect with the same traits — and it’s hard to measure the upside.

“It opens up a lot of space,” Konecny said. “Those guys are big out there, so when they’re going to the corners, it creates a little room for me. I’ve just got to find the holes and find the spots and the puck kind of just comes to you.”

Left wing is Konecny’s best shot at making the team’s roster and snagging a top-six role. The Flyers are heavy at right wing while light at left. Among the Flyers’ group of forwards, it’s the position of greatest need.

Like Hakstol said, Friday’s practice had purpose. So Konecny’s trying out left wing had substance, too.

“I think it’s a possibility,” Hakstol said. “I wouldn’t say that’s an absolute, but that’s one area that we’re looking at — not just for him, but for other players. So that’s one possibility.”

Konecny, more of a right winger and/or center, has no qualms with playing left. Really, a player of his ilk can make an impact regardless of position.

“I’ve played all positions through junior,” he said. “I’ve played right, middle and left, so wherever I fit in, I’d play there. I’m trying not to look too far ahead, though, just trying to play every day, and wherever I am that day, I’ll focus on that position and get the job done that day.

“I usually end up on the left wing when I’m coming across the ice anyway. I enter the zone on that side of the ice, so it helps me. I actually think I see the ice better when I play on that side of the ice.
 
“I got another day to play today. It’s just about earning each and every day.”

Voracek and Couturier, both of whom have yet to play in a preseason game because of World Cup of Hockey competition, looked at Friday as just another practice with new elements — such is life in training camp.

“It needs some work, obviously we need to get used to each other but if we skate and play with the puck, we should be fine,” Voracek said.

“Even last year along with this year, every game [Konecny has] been very solid. He’s a hard-working kid for his size. He’s very greedy, he’s not scared and he’s skating well. For a 19-year-old, he’s looking very, very sharp.”

Roster talk
According to a report by generalfanager.com, the Flyers waived forwards Petr Straka, Andy Miele, Chris Conner and Greg Carey, as well as defenseman and South Jersey native T.J. Brennan. None of the five were seen practicing Friday and the Flyers did not have an announcement. If they clear waivers — which seems likely — they’ll report to AHL affiliate Lehigh Valley.

With the reported moves, the Flyers’ roster stands at 34, including injured players Nick Schultz, Mark Alt and Cole Bardreau. The Flyers will have to be at 23 by the season opener Oct. 14.

Goalie situation
Hakstol said whomever is in net Saturday will play the entire game. He would not say if it would be Steve Mason or Michal Neuvirth. An announcement will be made Saturday morning. Neuvirth is back from the World Cup and has yet to play a preseason game.

Gudas update
Defenseman Radko Gudas (wrist), who said Wednesday he’s “pretty close” to 100 percent, will “definitely” play in a preseason game, Hakstol said. The coach would not say whether it would be Saturday or next week.

Canada wins World Cup, rallying to beat Europe

Canada wins World Cup, rallying to beat Europe

TORONTO -- Canada was not the best team on the ice until it mattered.

Down two goals with 3 minutes left, the high-powered Canadians kicked it up a notch and Team Europe simply couldn't stop them.

Brad Marchand scored a short-handed goal with 43.1 seconds left after Patrice Bergeron tied it with 2:53 to go on a power play, lifting Canada to a 2-1 victory and the World Cup of Hockey title Thursday night.

Sidney Crosby's line with the Boston Bruins pair of Marchand and Bergeron dominated in the final minutes as the trio did throughout the two-week tournament.

"They're addicted to winning and they just make it happen," Canada coach Mike Babcock said.

The Canadians won the best-of-three finals 2-0.

They've won 16 straight games, including Olympic gold medals at the Sochi and Vancouver Games, since losing to the U.S. in the 2010 Olympics.

"It's pretty special," Crosby said. "It's not easy to do and for a good chunk of us, a lot of us were there in Russia."

Europe seemed as if it had a chance to score a go-ahead goal late when Drew Doughty was called for high-sticking with just under 2 minutes left, but Canada was the team that took advantage when Marchand got the puck into open space and beat Jaroslav Halak with a shot from the slot to win the first World Cup since 2004.

"It's just crazy the way everything worked out," said Crosby, selected the MVP of the tournament after scoring three goals and finishing with a World Cup-high 10 points. "When you get a penalty that late in the game, you're just trying to force overtime."

After Crosby got his latest personal reward, he was presented with a silver World Cup of Hockey trophy and skated with it around the ice just months after hosting the Stanley Cup for the second time in his career.

He set up the tying goal, passing the puck off the boards to Brent Burns, whose shot just inside the blue line was redirected by Bergeron's raised stick.

"In the biggest moments, he turns it up," Babcock said.

Carey Price made 32 saves for the Canadians, who started slow before ending the tournament with a furious rally that fired up a once-quiet crowd.

Zdeno Chara scored early for Europe, and Halak made 32 saves for the eight-nation team .

"It's a tough loss because we were able to push them all the way to the limits," Chara said.

In front of an unenthusiastic crowd and a lot of empty seats in the home of the Toronto Maple Leafs, the Canadians started flat and the Europeans made them pay for their apparent apathy.

Unlike the last two times Canada trailed briefly to the U.S. and Russia, it could not come back against Europe quickly.

It looked as if it wasn't going to be Canada's night when John Tavares had a wide-open net to shoot into, but hit the right post from the bottom of the right circle. Earlier in the same shift, the New York Islanders forward missed the net on a one-timer opportunity.

Canada averaged 4.4 goals over the first five games of the tournament, giving Price plenty of support. It didn't score as much in the final game of the tournament, but two goals were enough to win thanks to Price.

Europe outshot the Canadians 12-8 after the first period and 27-21 after the second before they closed well enough to finish with one more shot.

Canada had a man advantage again early in the third period, but only got one shot on Halak, a Slovak and Islanders standout, on the possibly pivotal power play.

Crosby had a chance to score with 7-plus minutes left, but Halak kicked the shot away with his right skate.

In the end, Halak could not keep the puck out of his net twice.

"The way it turned out at the end is very painful," Europe coach Ralph Krueger said. "But you need to open eye to big picture and the journey. How we played was amazing. They played their hearts out. ... We beat the odds and we turned this into a hell of final, which nobody expected."