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.

Sean Couturier excited to play for Team North America at World Cup after summer rehabbing

Sean Couturier excited to play for Team North America at World Cup after summer rehabbing

VOORHEES, N.J. — The last time Sean Couturier played a meaningful game, he got drilled into the side boards by Washington’s Alex Ovechkin.
 
Couturier suffered an AC sprain in his left shoulder during the second period of Game 1 against the Capitals and missed the remainder of the playoffs.
 
“Most of the summer was a lot of rehab, trying to strengthen that shoulder,” the Flyers' center, who is practicing at Skate Zone, said Monday. “Now I feel good. I’m not gonna lie, it took me longer than I thought.”
 
The 23-year-old reported early. He’ll travel to Montreal on Sept. 4 for Team North America’s training camp and the upcoming World Cup of Hockey Tournament next month.
 
“I’m trying to skate as much as I can to get back in the rhythm,” Couturier said. “I think it’s going to be tough to get in the rhythm right away. We’re not used to playing that high-level hockey in September, but every guy on every team is going to be like that.
 
“Once we get out there, the level is going to be pretty high right off the bat. I think it can help me personally be ready for the season and step right into game action.”

Eight Flyers will participate in the eight-team competition. The others: Pierre-Edouard Bellemare, Claude Giroux, Shayne Gostisbehere, Mark Streit, Radko Gudas, Jakub Voracek and Michal Neuvirth.
 
Team North America is comprised of age 23-and-under players.
 
“I don’t really listen too much to the hype and stuff in the summer, but we can definitely surprise some people,” Couturier predicted. “I don’t think there’s much attention for our team. Really no one knows what we’re gonna look like.
 
“We’re gonna try and surprise the world, basically, and try to win the tournament. We’re not going there as tourists. We feel we have a good group and a lot of skill and speed and we’ll surprise some teams for sure.”
 
Couturier is a perfect North American because he has dual citizenship — U.S. and Canada. Though born in Phoenix, he spent nearly his entire childhood in Canada.
 
“For me, I’m dual citizenship, so that’s the way I see it,” Couturier said of playing favorites. “It’s a little different, but at the same time the mindset is more about trying to win the tournament. Once you’re out there and on a team, you’re just trying to win and I think that’s what we’re looking forward to.”
 
This tournament offers Couturier a chance to test his shoulder competitively before preseason NHL games start.
 
Obviously, the Flyers will open camp here without some of their best players.
 
“Everyone’s had a long summer, so I think everyone’s kind of looking forward to getting back into action,” Couturier said. “We’re lucky. We’re fortunate to get back into action earlier than we usually do. I’m just happy to be part of it and live the experience.
 
“I know a little what to expect international-wise — I went to the Worlds two years ago. This is going to be high level. No easy games.”
 
Loose pucks
Ten players, including Gostisbehere and free-agent Russian forward Roman Lyubimov, who was signed in July, are also working out at Skate Zone, which is under major reconstruction. … Because of construction, the Phantoms' dressing room no longer exists. The Flyers have a logistics problem of where the majority of their players are going to dress during camp. ... Construction won’t be completed until sometime this fall. … As part of the club’s 50th anniversary celebration, the Flyers have decorated walls throughout their dressing room area with steel plates from old newspaper pages, and other media, commemorating their two Stanley Cups, plus other historic moments from the past. … Brayden Schenn, who will miss the first three games of the regular season on a suspension, will play in preseason.

NHL Notes: Brandon Pirri, Rangers agree to terms on one-year deal

NHL Notes: Brandon Pirri, Rangers agree to terms on one-year deal

NEW YORK -- The New York Rangers have agreed to terms with forward Brandon Pirri on a $1.1 million, one-year deal.

The 25-year-old Pirri spent last season with the Florida Panthers and Anaheim Ducks, recording 14 goals and 15 assists in 61 games. His 29 points were a career high.

A second-round pick, 59th overall, in the 2009 draft, Pirri has been traded twice and was considered a potential bargain in NHL free agency. Pirri is something of a shootout specialist, scoring on five of his six attempts last season, and that 83.3 percent success rate ranked first among players with at least five attempts.

In 166 NHL games with the Chicago Blackhawks, Panthers and Ducks, Pirri has 49 goals and 31 assists for 90 points.

Enroth replaces injured Lerner for Sweden at World Cup
NEW YORK -- With goaltender Robin Lehner still not fully healthy, Sweden replaced him on its World Cup of Hockey roster with Jhonas Enroth.

The Buffalo Sabres' starting goalie was bothered by a right ankle injury for much of last season that limited him to 21 NHL games. Lehner underwent surgery in March and had been working to get ready for the World Cup, which begins Sept. 17 in Toronto.

"We really wanted to give Robin the opportunity to recover from his injury from last year, but unfortunately it wasn't enough time for him to feel 100 percent recovered," coach Rikard Gronborg said in a statement released by the Swedish Ice Hockey Association.

Concussion problems held Lehner to 23 games in 2014-15, and he looked to be over those after the Ottawa Senators traded him to Buffalo at the 2015 draft. The 25-year-old injured his ankle early in the season opener and aggravated it in March.

It was not immediately clear when the Sabres expect Lehner to be back to 100 percent.

"As Robin continues to progress during the offseason in his rehab from last season's ankle injury, he felt that it was best to withdraw from Team Sweden for the upcoming World Cup," Buffalo general manager Tim Murray said in a statement. "Robin felt it was important to continue his rehab in Buffalo to prepare for training camp. He has been working out both on and off the ice and we look forward to seeing him on the ice with our team next month."

Enroth, who spent last season with the Los Angeles Kings, recently signed a one-year deal with the Toronto Maple Leafs. He joins Henrik Lundqvist of the New York Rangers and Jacob Markstrom of the Vancouver Canucks as the goalies on Sweden's roster.

The 28-year-old has a 2.80 goals-against average and .911 save percentage in 147 career NHL games. Enroth was on the Swedish team that earned a silver medal at the 2014 Sochi Olympics, though he never appeared in a game. He started for Sweden at the 2013 and 2015 world hockey championships, winning gold in 2013 with a 1.15 GAA and .956 save percentage (see full story).

NHL Notes: Panthers flip Dave Bolland's contract, prospect Lawson Crouse to Coyotes for picks

NHL Notes: Panthers flip Dave Bolland's contract, prospect Lawson Crouse to Coyotes for picks

GLENDALE, Ariz. -- The Arizona Coyotes have acquired prospect Lawson Crouse and veteran Dave Bolland's contract from the Florida Panthers for two draft picks.

Arizona sent a 2017 third-round pick and a conditional 2018 second-rounder that could become another 2017 third to Florida. The Coyotes are taking on the final three years of the injured Bolland's deal to pick up Crouse, the 11th pick in the 2015 draft.

Nagging injuries limited Bolland to 25 games last season, and the 30-year-old forward has three years left on his deal at a salary-cap hit of $5.5 million. But Arizona general manager John Chayka said Bolland isn't expected to play for the foreseeable future and could be placed on long-term injured reserve.

Crouse, 19, is a 6-foot-4 left winger who could make his NHL debut this fall.

Avalanche name Jared Bednar head coach
DENVER -- The Colorado Avalanche have hired Jared Bednar as their new head coach.

Bednar replaces Patrick Roy, who abruptly stepped down as coach and vice president of hockey operations earlier this month.

The 44-year-old Bednar won the American Hockey League's Calder Cup championship as coach of the Lake Erie Monsters last season. He also won the ECHL's Kelly Cup in 2009 with the South Carolina Stingrays.

President of hockey operations and general manager Joe Sakic said upon Roy's sudden resignation that he'd look outside the organization for Colorado's next coach. He did just that with Bednar, who had been in the Columbus system.

Sidney Crosby named Canada's captain for World Cup of Hockey
Canada has chosen Sidney Crosby as its captain for the upcoming World Cup of Hockey.

Crosby returns as Canada's captain after wearing the "C" for the 2014 Sochi Olympics. He's coming off his second Stanley Cup as captain of the Pittsburgh Penguins.

Chicago Blackhawks captain Jonathan Toews and Montreal Canadiens defenseman Shea Weber will serve as the alternates.

Crosby scored one of Canada's biggest goals in international history when he beat U.S. goaltender Ryan Miller to win the gold medal on home ice at the 2010 Vancouver Olympics. Now 29, he has two gold medals, two Cup rings and a Conn Smythe Trophy as playoff MVP.

Canada begins training camp Sept. 5 in Ottawa. The World Cup begins Sept. 17 in Toronto (see full story).

Coyotes hire NHL's first female coach
GLENDALE, Ariz. -- The Arizona Coyotes have hired Dawn Braid as skating coach and say she is believed to be the first full-time female coach in NHL history.

Braid has a long association with the NHL.

She worked part-time for the Coyotes last year and has served as a skating consultant with the Toronto Maple Leafs, Anaheim Ducks, Buffalo Sabres and Calgary Flames.

Braid also spent seven years with the Athletes Training Center as director of skating development. Among the skaters she worked with while there is New York Islanders center John Tavares (see full story).